Axa boosted its holdings in shares of The GEO Group Inc (NYSE:GEO) by 459.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 257,450 shares of the real estate investment trust’s stock after acquiring an additional 211,450 shares during the quarter. Axa’s holdings in The GEO Group were worth $6,076,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Private Advisor Group LLC grew its holdings in The GEO Group by 14.1% during the 3rd quarter. Private Advisor Group LLC now owns 17,986 shares of the real estate investment trust’s stock worth $468,000 after acquiring an additional 2,221 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in The GEO Group by 52.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,844 shares of the real estate investment trust’s stock worth $262,000 after acquiring an additional 3,036 shares during the last quarter. Barings LLC grew its holdings in The GEO Group by 0.3% during the 4th quarter. Barings LLC now owns 935,123 shares of the real estate investment trust’s stock worth $22,069,000 after acquiring an additional 3,150 shares during the last quarter. ING Groep NV grew its holdings in The GEO Group by 23.2% during the 4th quarter. ING Groep NV now owns 18,715 shares of the real estate investment trust’s stock worth $442,000 after acquiring an additional 3,525 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in The GEO Group by 2.8% during the 3rd quarter. New York State Common Retirement Fund now owns 133,850 shares of the real estate investment trust’s stock worth $3,601,000 after acquiring an additional 3,700 shares during the last quarter. 94.36% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of The GEO Group Inc (NYSE GEO) opened at $21.75 on Thursday. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.57 and a quick ratio of 1.57. The GEO Group Inc has a 12 month low of $19.05 and a 12 month high of $34.32. The company has a market cap of $2,700.00, a price-to-earnings ratio of 16.86, a PEG ratio of 1.92 and a beta of 1.30.

The GEO Group (NYSE:GEO) last posted its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.03. The GEO Group had a net margin of 6.46% and a return on equity of 13.95%. The company had revenue of $568.98 million for the quarter, compared to analyst estimates of $558.72 million. During the same period in the prior year, the firm posted $0.41 EPS. The company’s quarterly revenue was up .4% on a year-over-year basis. sell-side analysts anticipate that The GEO Group Inc will post 1.95 earnings per share for the current year.

The GEO Group announced that its board has approved a share buyback plan on Wednesday, February 14th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Friday, February 16th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.64%. The ex-dividend date of this dividend was Thursday, February 15th. The GEO Group’s dividend payout ratio is currently 145.74%.

A number of research firms have weighed in on GEO. Zacks Investment Research raised shares of The GEO Group from a “sell” rating to a “hold” rating in a report on Friday, February 16th. ValuEngine lowered shares of The GEO Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. SunTrust Banks reissued a “buy” rating and set a $32.00 target price on shares of The GEO Group in a report on Wednesday, January 31st. Finally, TheStreet raised shares of The GEO Group from a “c+” rating to a “b-” rating in a research note on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The GEO Group has a consensus rating of “Hold” and a consensus price target of $34.00.

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The GEO Group 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 The GEO Group (NYSE:GEO)

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