Harber Asset Management LLC Purchases New Position in Geo Group Inc (The) $GEO

Harber Asset Management LLC bought a new stake in shares of Geo Group Inc (The) (NYSE:GEO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 77,358 shares of the real estate investment trust’s stock, valued at approximately $2,286,000. Harber Asset Management LLC owned 0.06% of Geo Group at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Cooper Creek Partners Management LLC grew its holdings in Geo Group by 14.2% during the 1st quarter. Cooper Creek Partners Management LLC now owns 5,314,006 shares of the real estate investment trust’s stock valued at $89,328,000 after buying an additional 661,281 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Geo Group by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 14,894,927 shares of the real estate investment trust’s stock worth $240,106,000 after buying an additional 98,742 shares in the last quarter. Militia Capital Management LLC purchased a new stake in shares of Geo Group in the first quarter worth about $3,634,000. Assenagon Asset Management S.A. bought a new position in shares of Geo Group in the second quarter valued at approximately $47,605,000. Finally, Quantinno Capital Management LP boosted its position in shares of Geo Group by 304.5% in the first quarter. Quantinno Capital Management LP now owns 176,266 shares of the real estate investment trust’s stock valued at $2,963,000 after acquiring an additional 132,690 shares during the period. 76.10% of the stock is owned by institutional investors.

Geo Group Stock Performance

NYSE:GEO opened at $32.80 on Friday. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 1.73 and a beta of 0.79. The business has a 50 day moving average of $30.32 and a 200 day moving average of $22.70. 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 1-year low of $12.51 and a 1-year high of $32.92.

Geo Group (NYSE:GEO) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The business had revenue of $732.07 million for the quarter, compared to analysts’ expectations of $721.43 million. Geo Group had a net margin of 10.31% and a return on equity of 10.42%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the business earned $0.22 earnings per share. On average, sell-side analysts predict that Geo Group Inc will post 1.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

GEO has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Geo Group from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings raised shares of Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. JonesTrading boosted their price target on shares of Geo Group from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Noble Financial reaffirmed an “outperform” rating on shares of Geo Group in a report on Monday, August 10th. Finally, Northland Securities increased their price objective on Geo Group from $30.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $40.00.

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.