Philadelphia Financial Management of San Francisco LLC Takes Position in Geo Group Inc (The) $GEO

Philadelphia Financial Management of San Francisco LLC bought a new position 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 Securities and Exchange Commission (SEC). The fund bought 484,100 shares of the real estate investment trust’s stock, valued at approximately $14,305,155,000. Geo Group comprises 2.9% of Philadelphia Financial Management of San Francisco LLC’s investment portfolio, making the stock its 6th biggest holding. Philadelphia Financial Management of San Francisco LLC owned approximately 0.37% of Geo Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of Geo Group in the 2nd quarter valued at $570,744,000. Hsbc Holdings PLC purchased a new stake in Geo Group in the second quarter valued at $118,673,000. Rubric Capital Management LP boosted its stake in Geo Group by 139.5% in the third quarter. Rubric Capital Management LP now owns 2,986,915 shares of the real estate investment trust’s stock valued at $61,202,000 after acquiring an additional 1,739,522 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Geo Group during the second quarter worth about $47,605,000. Finally, UBS Group AG lifted its holdings in shares of Geo Group by 56.5% in the 3rd quarter. UBS Group AG now owns 3,603,288 shares of the real estate investment trust’s stock valued at $73,831,000 after purchasing an additional 1,300,139 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

Insider Buying and Selling at Geo Group

In other news, VP Matthew Albence sold 10,000 shares of the company’s stock in a transaction 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 transaction, the vice president directly owned 99,399 shares of the company’s stock, valued at $3,149,954.31. This represents a 9.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ronald A. Brack sold 7,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $32.00, for a total transaction of $224,000.00. Following the completion of the transaction, the insider owned 71,614 shares of the company’s stock, valued at $2,291,648. This represents a 8.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 4.98% of the company’s stock.

Geo Group Trading Up 1.8%

Shares of Geo Group stock opened at $32.73 on Thursday. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79. Geo Group Inc has a 52-week low of $12.51 and a 52-week high of $33.15. The company’s 50-day simple moving average is $30.55 and its 200-day simple moving average is $23.10. 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 announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The company had revenue of $732.07 million for the quarter, compared to analyst estimates of $721.43 million. Geo Group had a return on equity of 10.42% and a net margin of 10.31%.The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 EPS. As a group, equities research analysts anticipate that Geo Group Inc will post 1.31 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on GEO shares. Northland Securities lifted their price target on Geo Group from $30.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, June 26th. UBS Group reiterated 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 stock a “buy” rating in a research report on Thursday, August 6th. Zacks Research upgraded shares of Geo Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Finally, Noble Financial reiterated 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 given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Geo Group has an average rating of “Buy” and a consensus price target 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.