Fox Run Management L.L.C. Purchases New Position in Geo Group Inc (The) $GEO

Fox Run Management L.L.C. acquired a new position in shares of Geo Group Inc (The) (NYSE:GEO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,398 shares of the real estate investment trust’s stock, valued at approximately $417,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. acquired a new position in shares of Geo Group during the first quarter worth $515,000. Xponance Inc. increased its holdings in Geo Group by 7.6% in the 1st quarter. Xponance Inc. now owns 10,120 shares of the real estate investment trust’s stock worth $296,000 after purchasing an additional 712 shares in the last quarter. Edgestream Partners L.P. bought a new position in Geo Group in the first quarter valued at about $1,963,000. Victory Capital Management Inc. boosted its stake in shares of Geo Group by 210.9% during the first quarter. Victory Capital Management Inc. now owns 78,619 shares of the real estate investment trust’s stock valued at $2,296,000 after purchasing an additional 53,329 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Geo Group during the first quarter worth about $296,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GEO. Wall Street Zen lowered shares of Geo Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Jones Trading dropped their price target on shares of Geo Group from $50.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Geo Group in a research note on Friday, October 31st. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Geo Group Stock Up 0.7%

Shares of NYSE GEO opened at $14.95 on Thursday. The company’s 50 day moving average price is $18.86 and its 200-day moving average price is $22.88. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.90 and a current ratio of 0.90. Geo Group Inc has a 52-week low of $14.27 and a 52-week high of $36.46. The company has a market capitalization of $2.08 billion, a P/E ratio of 22.99, a price-to-earnings-growth ratio of 1.87 and a beta of 0.67.

Geo Group (NYSE:GEO) last announced its earnings results on Wednesday, September 28th. The real estate investment trust reported $0.41 earnings per share for the quarter. The business had revenue of $565.42 million during the quarter. Geo Group had a net margin of 3.69% and a return on equity of 7.26%. Geo Group has set its FY22 guidance at $2.40-2.46 EPS. Equities analysts forecast that Geo Group Inc will post 0.83 earnings per share for the current year.

Geo Group announced that its Board of Directors has authorized a share buyback program on Wednesday, August 6th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 8.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

About Geo Group

The GEO Group, Inc (NYSE: GEO) engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.