19,209 Shares in Geo Group Inc (The) $GEO Purchased by Two Sigma Securities LLC

Two Sigma Securities LLC bought a new stake in shares of Geo Group Inc (The) (NYSE:GEO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 19,209 shares of the real estate investment trust’s stock, valued at approximately $568,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its holdings 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 worth $73,000 after buying an additional 646 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of 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 acquiring an additional 715 shares during the last quarter. Kestra Advisory Services LLC increased its position in Geo Group by 2.4% during the first quarter. Kestra Advisory Services LLC now owns 30,462 shares of the real estate investment trust’s stock worth $512,000 after acquiring an additional 727 shares during the period. ProShare Advisors LLC raised its stake in Geo Group by 3.0% during the 4th quarter. ProShare Advisors LLC now owns 26,333 shares of the real estate investment trust’s stock valued at $424,000 after purchasing an additional 772 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Geo Group by 245.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,101 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 782 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

Geo Group Trading Down 4.4%

Shares of GEO stock opened at $30.40 on Wednesday. Geo Group Inc has a 12-month low of $12.51 and a 12-month high of $33.15. The company has a market capitalization of $4.00 billion, a P/E ratio of 14.34, a P/E/G ratio of 1.74 and a beta of 0.78. The firm has a 50-day moving average price of $30.73 and a 200 day moving average price of $23.55. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.00.

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

Insider Activity at Geo Group

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

Analysts Set New Price Targets

GEO has been the topic of several research analyst reports. JonesTrading raised their price target on shares of Geo Group from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Zacks Research raised shares of Geo Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Northland Securities increased their target price on shares of Geo Group from $30.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, June 26th. UBS Group reiterated an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. Finally, Noble Financial restated an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Geo Group presently has a consensus rating of “Buy” and a consensus target price of $40.00.

Geo Group Company 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.