174,947 Shares in Geo Group Inc (The) $GEO Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC bought a new stake in Geo Group Inc (The) (NYSE:GEO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 174,947 shares of the real estate investment trust’s stock, valued at approximately $5,170,000. Great Lakes Advisors LLC owned 0.13% of Geo Group as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Geo Group during the second quarter worth $570,744,000. Deutsche Bank AG purchased a new stake in shares of Geo Group in the 2nd quarter valued at $3,864,000. Global Retirement Partners LLC acquired a new position in Geo Group during the 2nd quarter worth about $34,000. Bank of New York Mellon Corp acquired a new position in Geo Group during the 2nd quarter worth about $23,825,000. Finally, State of Wyoming purchased a new position in Geo Group during the 2nd quarter valued at about $314,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Geo Group Price Performance

Shares of NYSE GEO opened at $30.61 on Thursday. The stock’s 50-day moving average is $30.17 and its two-hundred day moving average is $22.52. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.65 and a quick ratio of 1.65. Geo Group Inc has a 1-year low of $12.51 and a 1-year high of $32.62. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 1.69 and a beta of 0.79.

Geo Group (NYSE:GEO) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.08. Geo Group had a return on equity of 10.42% and a net margin of 10.31%.The business had revenue of $732.07 million during the quarter, compared to analysts’ expectations of $721.43 million. During the same quarter last year, the business posted $0.22 EPS. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. Analysts forecast that Geo Group Inc will post 1.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GEO. Noble Financial reaffirmed an “outperform” rating on shares of Geo Group in a research report on Monday, August 10th. JonesTrading raised their price objective on shares of Geo Group from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Wall Street Zen cut shares of Geo Group from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. UBS Group reaffirmed an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. Finally, Weiss Ratings upgraded shares of Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $40.00.

Geo Group Profile

The GEO Group (NYSE:GEO) is a leading provider of correctional, detention and community reentry services to government agencies around the world. As a real estate investment trust, the company specializes in the design, financing, development and operation of secure facilities for adult and juvenile offenders, immigration detainees and individuals requiring mental health treatment or substance abuse programming. GEO’s integrated service model also encompasses electronic monitoring, rehabilitative programming and post-release supervision aimed at reducing recidivism and enhancing public safety.

GEO’s portfolio spans a range of facility types, including medium- and maximum-security correctional institutions, residential reentry centers, mental health treatment units and immigration detention centers.