Oppenheimer & Co. Inc. boosted its position in Geo Group Inc (The) (NYSE:GEO) by 111.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,446 shares of the real estate investment trust’s stock after acquiring an additional 8,686 shares during the period. Oppenheimer & Co. Inc.’s holdings in Geo Group Inc (The) were worth $486,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GEO. BlackRock Inc. boosted its holdings in Geo Group Inc (The) by 134,562.9% in the first quarter. BlackRock Inc. now owns 9,056,079 shares of the real estate investment trust’s stock worth $419,932,000 after acquiring an additional 9,049,354 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Geo Group Inc (The) by 82.8% in the second quarter. Daiwa Securities Group Inc. now owns 4,360,526 shares of the real estate investment trust’s stock valued at $128,941,000 after purchasing an additional 1,975,389 shares in the last quarter. Artemis Investment Management LLP lifted its holdings in shares of Geo Group Inc (The) by 96.0% in the second quarter. Artemis Investment Management LLP now owns 3,022,274 shares of the real estate investment trust’s stock valued at $89,325,000 after purchasing an additional 1,480,619 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Geo Group Inc (The) by 70.4% in the second quarter. Prudential Financial Inc. now owns 3,427,207 shares of the real estate investment trust’s stock valued at $101,342,000 after purchasing an additional 1,416,097 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Geo Group Inc (The) by 285.8% in the first quarter. JPMorgan Chase & Co. now owns 1,584,104 shares of the real estate investment trust’s stock valued at $73,455,000 after purchasing an additional 1,173,551 shares in the last quarter. Institutional investors and hedge funds own 93.85% of the company’s stock.

A number of analysts recently commented on the company. ValuEngine raised Geo Group Inc (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Canaccord Genuity raised their price target on Geo Group Inc (The) to $35.00 and gave the stock a “buy” rating in a report on Tuesday, May 30th. BidaskClub lowered Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. J P Morgan Chase & Co initiated coverage on Geo Group Inc (The) in a research note on Friday, July 14th. They set an “overweight” rating and a $35.00 price objective for the company. Finally, Zacks Investment Research lowered Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Geo Group Inc (The) has an average rating of “Hold” and an average target price of $33.83.

Shares of Geo Group Inc (GEO) opened at 26.24 on Friday. The firm’s 50-day moving average is $27.00 and its 200-day moving average is $29.96. Geo Group Inc has a 52 week low of $14.63 and a 52 week high of $34.32. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 18.40 and a beta of 1.53.

Geo Group Inc (The) (NYSE:GEO) last released its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.15). Geo Group Inc (The) had a return on equity of 15.84% and a net margin of 7.32%. The firm had revenue of $570.10 million during the quarter, compared to analysts’ expectations of $584.69 million. During the same period in the prior year, the firm posted $0.21 earnings per share. Geo Group Inc (The)’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts forecast that Geo Group Inc will post $1.27 earnings per share for the current fiscal year.

In other news, Director Anne N. Foreman sold 17,340 shares of Geo Group Inc (The) stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $26.67, for a total transaction of $462,457.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Norman A. Carlson sold 10,000 shares of Geo Group Inc (The) stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $25.77, for a total transaction of $257,700.00. Following the sale, the director now owns 39,779 shares of the company’s stock, valued at $1,025,104.83. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

WARNING: This story was originally published by Daily Political and is owned by of Daily Political. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/09/15/oppenheimer-co-inc-purchases-8686-shares-of-geo-group-inc-the-geo.html.

Geo Group Inc (The) Company Profile

The GEO Group, Inc is a real estate investment trust (REIT) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.

Institutional Ownership by Quarter for Geo Group Inc (The) (NYSE:GEO)

Receive News & Ratings for Geo Group Inc (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Geo Group Inc (The) and related companies with MarketBeat.com's FREE daily email newsletter.