760,097 Shares in Geo Group Inc (The) $GEO Purchased by Park West Asset Management LLC

Park West Asset Management LLC purchased a new stake in shares of Geo Group Inc (The) (NYSE:GEO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 760,097 shares of the real estate investment trust’s stock, valued at approximately $22,461,000. Geo Group makes up about 1.5% of Park West Asset Management LLC’s portfolio, making the stock its 26th largest position.

A number of other hedge funds also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Geo Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 75,766 shares of the real estate investment trust’s stock worth $2,213,000 after purchasing an additional 3,309 shares during the last quarter. NewEdge Advisors LLC boosted its position in Geo Group by 81.9% in the first quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 839 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Geo Group in the first quarter worth $260,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Geo Group by 168.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 284,975 shares of the real estate investment trust’s stock valued at $8,324,000 after buying an additional 178,622 shares during the last quarter. Finally, Invesco Ltd. raised its position in Geo Group by 4.2% during the second quarter. Invesco Ltd. now owns 1,308,817 shares of the real estate investment trust’s stock valued at $31,346,000 after acquiring an additional 52,623 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Geo Group Price Performance

Geo Group stock opened at $32.73 on Thursday. The company has a fifty day simple moving average of $30.55 and a 200-day simple moving average of $23.10. The stock has a market cap of $4.31 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79. Geo Group Inc has a 12-month low of $12.51 and a 12-month high of $33.15. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.00.

Geo Group (NYSE:GEO) last released its quarterly earnings data 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 the consensus estimate of $721.43 million. Geo Group had a return on equity of 10.42% and a net margin of 10.31%.The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.22 EPS. Equities analysts expect that Geo Group Inc will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wall Street Zen downgraded Geo Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings raised shares of Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Zacks Research raised shares of Geo Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Noble Financial reissued an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. Finally, Northland Securities boosted their price target on shares of Geo Group from $30.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $40.00.

Insiders Place Their Bets

In other news, VP Matthew Albence sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $31.69, for a total value of $316,900.00. Following the completion of the sale, the vice president directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ronald A. Brack sold 7,000 shares of the company’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 completion of the sale, the insider directly owned 71,614 shares of the company’s stock, valued at approximately $2,291,648. This trade represents a 8.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.98% of the stock is owned by insiders.

Geo Group 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.