Ballast Asset Management LP Raises Stock Position in Geo Group Inc (The) $GEO

Ballast Asset Management LP increased its position in Geo Group Inc (The) (NYSE:GEO) by 42.5% in the 4th quarter, Holdings Channel reports. The firm owned 257,858 shares of the real estate investment trust’s stock after buying an additional 76,927 shares during the period. Geo Group makes up 2.0% of Ballast Asset Management LP’s holdings, making the stock its 23rd biggest holding. Ballast Asset Management LP’s holdings in Geo Group were worth $4,157,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its holdings in shares of Geo Group by 245.1% during the second quarter. Geneos Wealth Management Inc. now owns 1,101 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 782 shares during the period. IFP Advisors Inc purchased a new stake in Geo Group during the fourth quarter worth about $30,000. Bayforest Capital Ltd purchased a new stake in shares of Geo Group during the 4th quarter worth approximately $37,000. Daytona Street Capital LLC acquired a new stake in Geo Group in the fourth quarter valued at $53,000. Finally, NewEdge Advisors LLC grew its stake in Geo Group by 81.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 839 shares during the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

Geo Group Price Performance

Shares of NYSE GEO opened at $23.54 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.06. The business has a 50 day moving average price of $19.01 and a two-hundred day moving average price of $16.96. The firm has a market cap of $3.15 billion, a PE ratio of 11.95 and a beta of 0.82. Geo Group Inc has a fifty-two week low of $12.51 and a fifty-two week high of $27.90.

Geo Group (NYSE:GEO) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.10. The firm had revenue of $705.21 million for the quarter, compared to analysts’ expectations of $688.89 million. Geo Group had a net margin of 10.00% and a return on equity of 9.43%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. Geo Group has set its FY 2026 guidance at 1.150-1.250 EPS and its Q2 2026 guidance at 0.250-0.290 EPS. Sell-side analysts expect that Geo Group Inc will post 1.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on GEO shares. JonesTrading lowered their target price on Geo Group from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, March 20th. Wall Street Zen downgraded shares of Geo Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Geo Group in a research note on Friday, March 27th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.50.

Insider Buying and Selling at Geo Group

In related news, Director Scott Michael Kernan sold 6,633 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $15.24, for a total transaction of $101,086.92. Following the sale, the director directly owned 27,062 shares of the company’s stock, valued at approximately $412,424.88. This represents a 19.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 4.98% of the company’s stock.

About Geo Group

The GEO Group (NYSE:GEO) is a leading provider of correctional, detention and community reentry services to government agencies around the world. As a real estate investment trust, the company specializes in the design, financing, development and operation of secure facilities for adult and juvenile offenders, immigration detainees and individuals requiring mental health treatment or substance abuse programming. GEO’s integrated service model also encompasses electronic monitoring, rehabilitative programming and post-release supervision aimed at reducing recidivism and enhancing public safety.

GEO’s portfolio spans a range of facility types, including medium- and maximum-security correctional institutions, residential reentry centers, mental health treatment units and immigration detention centers.