130,752 Shares in Geo Group Inc (The) $GEO Purchased by Deutsche Bank AG

Deutsche Bank AG acquired a new stake in shares of Geo Group Inc (The) (NYSE:GEO) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 130,752 shares of the real estate investment trust’s stock, valued at approximately $3,864,000.

Several other institutional investors have also recently made changes to their positions in the company. Covestor Ltd boosted its position in shares of Geo Group by 16.6% during the fourth quarter. Covestor Ltd now owns 4,533 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 646 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Geo Group by 22.7% in the first quarter. Public Employees Retirement System of Ohio now owns 3,866 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 715 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in Geo Group by 2.4% in the first quarter. Kestra Advisory Services LLC now owns 30,462 shares of the real estate investment trust’s stock worth $512,000 after purchasing an additional 727 shares in the last quarter. ProShare Advisors LLC lifted its position in Geo Group by 3.0% during the fourth quarter. ProShare Advisors LLC now owns 26,333 shares of the real estate investment trust’s stock valued at $424,000 after buying an additional 772 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in Geo Group by 245.1% during the second quarter. Geneos Wealth Management Inc. now owns 1,101 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 782 shares during the period. Institutional investors own 76.10% of the company’s stock.

Geo Group Stock Up 0.1%

Shares of NYSE:GEO opened at $32.20 on Wednesday. The stock has a fifty day simple moving average of $30.47 and a two-hundred day simple moving average of $22.98. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 1.76 and a beta of 0.79. Geo Group Inc has a 12-month low of $12.51 and a 12-month high of $33.15. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.00.

Geo Group (NYSE:GEO) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.08. The firm had revenue of $732.07 million during the quarter, compared to the consensus estimate of $721.43 million. Geo Group had a return on equity of 10.42% and a net margin of 10.31%.The company’s revenue was up 15.1% on a year-over-year basis. During the same period last year, the company earned $0.22 earnings per share. On average, research analysts anticipate that Geo Group Inc will post 1.31 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Matthew Albence sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $31.69, for a total transaction of $316,900.00. Following the sale, the vice president owned 99,399 shares in the company, valued at $3,149,954.31. This represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ronald A. Brack sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $32.00, for a total transaction of $224,000.00. Following the sale, the insider directly owned 71,614 shares of the company’s stock, valued at $2,291,648. This trade represents a 8.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.98% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on GEO. Zacks Research upgraded shares of Geo Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Weiss Ratings raised shares of Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. Noble Financial reissued an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. Wall Street Zen lowered shares of Geo Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, UBS Group restated an “outperform” rating on shares of Geo Group in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Geo Group has a consensus rating of “Buy” and an average 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.