Quantbot Technologies LP Purchases New Holdings in Geo Group Inc (The) $GEO

Quantbot Technologies LP acquired a new position in shares of Geo Group Inc (The) (NYSE:GEO) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 17,946 shares of the real estate investment trust’s stock, valued at approximately $530,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its position 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 buying an additional 782 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Geo Group by 111.9% in the first quarter. Bessemer Group Inc. now owns 1,723 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 910 shares during the last quarter. IFP Advisors Inc acquired a new stake in Geo Group in the fourth quarter valued at $30,000. Global Retirement Partners LLC acquired a new stake in Geo Group in the second quarter valued at $34,000. Finally, NewEdge Advisors LLC boosted its stake in Geo Group by 81.9% during 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 currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings raised shares of Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Wall Street Zen cut shares of Geo Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. JonesTrading lifted their price target on Geo Group from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Zacks Research upgraded Geo Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Finally, Northland Securities upped their price objective on Geo Group from $30.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $40.00.

Insider Transactions at Geo Group

In other Geo Group news, insider Ronald A. Brack sold 7,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $32.00, for a total value of $224,000.00. Following the transaction, the insider owned 71,614 shares of the company’s stock, valued at $2,291,648. This trade represents a 8.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Matthew Albence sold 10,000 shares of Geo Group stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $31.69, for a total value of $316,900.00. Following the completion of the transaction, the vice president owned 99,399 shares of the company’s stock, valued at approximately $3,149,954.31. The trade was a 9.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.98% of the stock is owned by corporate insiders.

Geo Group Stock Performance

Geo Group stock opened at $32.56 on Friday. The company has a market cap of $4.29 billion, a PE ratio of 15.36, a P/E/G ratio of 1.79 and a beta of 0.79. The company has a fifty day moving average price of $30.61 and a two-hundred day moving average price of $23.22. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.65 and a quick ratio of 1.65. Geo Group Inc has a 12 month low of $12.51 and a 12 month high of $33.15.

Geo Group (NYSE:GEO) last released its earnings results on Thursday, August 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.08. The firm had revenue of $732.07 million during the quarter, compared to analyst estimates of $721.43 million. Geo Group had a net margin of 10.31% and a return on equity of 10.42%. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 earnings per share. Research analysts expect that Geo Group Inc will post 1.31 earnings per share for the current year.

Geo Group Company Profile

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.