Geo Group Inc (The) $GEO Stock Position Increased by Continental General Insurance Co.

Continental General Insurance Co. increased its holdings in Geo Group Inc (The) (NYSE:GEO) by 919.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,904,474 shares of the real estate investment trust’s stock after purchasing an additional 3,521,589 shares during the period. Geo Group accounts for 24.0% of Continental General Insurance Co.’s investment portfolio, making the stock its 2nd largest holding. Continental General Insurance Co.’s holdings in Geo Group were worth $93,512,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GEO. Twin Tree Management LP purchased a new stake in shares of Geo Group during the first quarter worth $39,000. NewEdge Advisors LLC grew its position in shares of Geo Group by 81.9% in the first quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 839 shares in the last quarter. Covestor Ltd raised its stake in shares of Geo Group by 19.8% during the 1st quarter. Covestor Ltd now owns 2,653 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 438 shares during the period. Militia Capital Partners LP purchased a new stake in Geo Group during the 1st quarter worth about $91,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Geo Group in the 2nd quarter worth about $202,000. Institutional investors own 76.10% of the company’s stock.

Analyst Upgrades and Downgrades

GEO has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Geo Group in a research report on Tuesday. Jones Trading reduced their price objective on shares of Geo Group from $50.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Wall Street Zen cut shares of Geo Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 29th. Finally, Zacks Research downgraded shares of Geo Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Geo Group currently has a consensus rating of “Hold” and an average target price of $35.00.

Geo Group Stock Down 0.1%

Shares of NYSE GEO opened at $17.15 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.02. The business has a 50-day moving average of $16.86 and a 200-day moving average of $21.36. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 10.09 and a beta of 0.70. Geo Group Inc has a 12 month low of $14.27 and a 12 month high of $36.46.

Geo Group (NYSE:GEO) last announced its earnings results on Wednesday, September 28th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter. Geo Group had a net margin of 9.41% and a return on equity of 7.42%. The business had revenue of $565.42 million during the quarter. Geo Group has set its FY22 guidance at $2.40-2.46 EPS. Sell-side analysts expect that Geo Group Inc will post 0.83 earnings per share for the current fiscal year.

About Geo Group

The GEO Group, Inc (NYSE: GEO) engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.