State of Tennessee Treasury Department acquired a new position in shares of Geo Group Inc (The) (NYSE:GEO) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 90,000 shares of the real estate investment trust’s stock, valued at approximately $2,661,000. State of Tennessee Treasury Department owned about 0.07% of Geo Group Inc (The) as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in shares of Geo Group Inc (The) during the 1st quarter worth $125,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Geo Group Inc (The) by 69.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,661 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 1,909 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Geo Group Inc (The) during the 1st quarter worth $196,000. Bank of Montreal Can bought a new stake in shares of Geo Group Inc (The) during the 2nd quarter worth $199,000. Finally, KCG Holdings Inc. bought a new stake in shares of Geo Group Inc (The) during the 1st quarter worth $201,000. Institutional investors and hedge funds own 93.85% of the company’s stock.

Geo Group Inc (NYSE:GEO) opened at 26.61 on Friday. The company has a market capitalization of $3.25 billion, a P/E ratio of 18.66 and a beta of 1.53. The firm has a 50-day moving average price of $26.91 and a 200 day moving average price of $29.92. Geo Group Inc has a 52-week low of $15.07 and a 52-week high of $34.32.

Geo Group Inc (The) (NYSE:GEO) last posted its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the company 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. On average, analysts predict that Geo Group Inc will post $1.27 earnings per share for the current fiscal year.

Several analysts recently weighed in on GEO shares. BidaskClub downgraded Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Canaccord Genuity restated a “buy” rating and set a $35.00 price objective on shares of Geo Group Inc (The) in a research report on Monday, June 19th. Zacks Investment Research downgraded Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. J P Morgan Chase & Co started coverage on Geo Group Inc (The) in a research report on Friday, July 14th. They set an “overweight” rating and a $35.00 price objective for the company. Finally, ValuEngine upgraded Geo Group Inc (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $33.83.

In other news, Director Anne N. Foreman sold 17,340 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $26.67, for a total value of $462,457.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Norman A. Carlson sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $25.77, for a total value of $257,700.00. Following the completion of the transaction, 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. 2.40% of the stock is currently owned by corporate insiders.

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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.

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

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