Geo Group Inc (The) $GEO Holdings Lowered by ProShare Advisors LLC

ProShare Advisors LLC lowered its position in Geo Group Inc (The) (NYSE:GEO) by 52.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 17,578 shares of the real estate investment trust’s stock after selling 19,038 shares during the period. ProShare Advisors LLC’s holdings in Geo Group were worth $536,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Geo Group in the 2nd quarter valued at about $570,744,000. Pentwater Capital Management LP purchased a new position in Geo Group during the second quarter worth approximately $312,698,000. Cooper Creek Partners Management LLC boosted its holdings in Geo Group by 14.2% during the 1st quarter. Cooper Creek Partners Management LLC now owns 5,314,006 shares of the real estate investment trust’s stock valued at $89,328,000 after acquiring an additional 661,281 shares during the period. Hsbc Holdings PLC acquired a new position in Geo Group in the 2nd quarter valued at about $118,673,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Geo Group by 141.8% during the third quarter. Assenagon Asset Management S.A. now owns 3,895,780 shares of the real estate investment trust’s stock worth $118,704,000 after purchasing an additional 2,284,770 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Geo Group 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 completion of the sale, the insider owned 71,614 shares in the company, valued at approximately $2,291,648. The trade was a 8.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Matthew Albence sold 11,797 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $31.45, for a total transaction of $371,015.65. Following the completion of the sale, the vice president owned 87,602 shares of the company’s stock, valued at approximately $2,755,082.90. This trade represents a 11.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 28,797 shares of company stock valued at $911,916. 4.98% of the stock is owned by company insiders.

Geo Group Stock Up 7.9%

GEO stock opened at $30.00 on Tuesday. The stock has a market cap of $3.97 billion, a P/E ratio of 24.00, a PEG ratio of 1.48 and a beta of 0.78. 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 Inc has a twelve month low of $12.51 and a twelve month high of $33.17. The company’s 50 day moving average is $29.98 and its two-hundred day moving average is $24.55.

Geo Group (NYSE:GEO) last announced its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. The firm had revenue of $761.06 million for the quarter, compared to analyst estimates of $770.87 million. Geo Group had a net margin of 10.31% and a return on equity of 10.42%. Geo Group’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the business earned $0.25 EPS. Research analysts expect that Geo Group Inc will post 1.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GEO shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Geo Group in a research note on Friday, September 4th. JonesTrading lifted their target price on Geo Group from $40.00 to $42.75 and gave the company a “buy” rating in a report on Thursday, November 5th. Zacks Research upgraded Geo Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Wall Street Zen downgraded Geo Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Noble Financial reiterated an “outperform” rating on shares of Geo Group in a research note 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $41.38.

Geo Group Profile

The GEO Group, Inc provides government services focused on corrections, detention and community-based supervision. Its services include operating secure facilities and processing centers, managing community reentry programs, and providing electronic monitoring and supervision technology for individuals in the community.

The company serves federal, state and local government agencies, primarily in the United States. Its work also includes related services such as secure transportation and support programs for people transitioning from incarceration back into the community.

Founded in 1984 as Wackenhut Corrections Corporation, the company adopted the GEO Group name in 2003.