Cbre Clarion Securities LLC increased its position in Geo Group Inc (The) (NYSE:GEO) by 112.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,169,827 shares of the real estate investment trust’s stock after acquiring an additional 618,435 shares during the period. Cbre Clarion Securities LLC owned about 0.94% of Geo Group Inc (The) worth $34,592,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GEO. State Board of Administration of Florida Retirement System raised its holdings in Geo Group Inc (The) by 56.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 71,233 shares of the real estate investment trust’s stock worth $3,303,000 after acquiring an additional 25,810 shares during the last quarter. American Century Companies Inc. raised its holdings in Geo Group Inc (The) by 12.1% in the 1st quarter. American Century Companies Inc. now owns 8,623 shares of the real estate investment trust’s stock worth $400,000 after acquiring an additional 931 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in Geo Group Inc (The) by 56.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 22,230 shares of the real estate investment trust’s stock worth $1,031,000 after acquiring an additional 8,005 shares during the last quarter. LS Investment Advisors LLC raised its holdings in Geo Group Inc (The) by 76.8% in the 1st quarter. LS Investment Advisors LLC now owns 4,940 shares of the real estate investment trust’s stock worth $229,000 after acquiring an additional 2,146 shares during the last quarter. Finally, Swiss National Bank raised its holdings in Geo Group Inc (The) by 10.0% in the 1st quarter. Swiss National Bank now owns 133,600 shares of the real estate investment trust’s stock worth $6,195,000 after acquiring an additional 12,200 shares during the last quarter. Institutional investors own 93.82% of the company’s stock.

In related news, Director Norman A. Carlson sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $25.77, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Anne N. Foreman sold 17,340 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $26.67, for a total transaction of $462,457.80. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Geo Group Inc (GEO) traded up 0.51% during midday trading on Friday, reaching $25.64. 612,405 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $26.73 and its 200-day moving average is $29.81. Geo Group Inc has a 12-month low of $15.07 and a 12-month high of $34.32. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 17.98 and a beta of 1.53.

Geo Group Inc (The) (NYSE:GEO) last posted 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 Zacks’ consensus estimate of $0.47 by ($0.15). The company had revenue of $570.10 million during the quarter, compared to analysts’ expectations of $584.69 million. Geo Group Inc (The) had a return on equity of 15.84% and a net margin of 7.32%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. On average, equities analysts forecast that Geo Group Inc will post $1.27 earnings per share for the current year.

A number of equities analysts recently weighed in on the stock. ValuEngine lowered shares of Geo Group Inc (The) from a “strong-buy” rating to a “buy” rating in a report on Friday. Zacks Investment Research downgraded shares of Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. BidaskClub downgraded shares of Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Canaccord Genuity lifted their target price on shares of Geo Group Inc (The) to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, May 30th. Finally, J P Morgan Chase & Co assumed coverage on shares of Geo Group Inc (The) in a research report on Friday, July 14th. They issued an “overweight” rating and a $35.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Geo Group Inc (The) currently has an average rating of “Hold” and a consensus price target of $33.83.

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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.

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

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