Intech Investment Management LLC Sells 22,793 Shares of Geo Group Inc (The) $GEO

Intech Investment Management LLC cut its stake in shares of Geo Group Inc (The) (NYSE:GEO) by 17.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,690 shares of the real estate investment trust’s stock after selling 22,793 shares during the period. Intech Investment Management LLC’s holdings in Geo Group were worth $2,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of GEO. Geode Capital Management LLC raised its holdings in Geo Group by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 3,259,307 shares of the real estate investment trust’s stock valued at $78,076,000 after buying an additional 108,106 shares during the period. Wellington Management Group LLP raised its stake in shares of Geo Group by 312.7% in the first quarter. Wellington Management Group LLP now owns 2,608,619 shares of the real estate investment trust’s stock valued at $76,198,000 after acquiring an additional 1,976,544 shares during the period. Northern Trust Corp lifted its holdings in shares of Geo Group by 2.1% in the 1st quarter. Northern Trust Corp now owns 1,554,420 shares of the real estate investment trust’s stock worth $45,405,000 after acquiring an additional 32,060 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Geo Group by 5.8% in the 1st quarter. Invesco Ltd. now owns 1,256,194 shares of the real estate investment trust’s stock worth $36,693,000 after acquiring an additional 68,763 shares during the last quarter. Finally, Apis Capital Advisors LLC boosted its stake in shares of Geo Group by 194.3% during the 1st quarter. Apis Capital Advisors LLC now owns 1,211,000 shares of the real estate investment trust’s stock worth $35,373,000 after purchasing an additional 799,500 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Geo Group Trading Up 1.1%

GEO opened at $14.91 on Thursday. The stock’s fifty day moving average is $18.24 and its two-hundred day moving average is $22.31. The company has a market capitalization of $2.07 billion, a P/E ratio of 22.93, a PEG ratio of 1.87 and a beta of 0.68. Geo Group Inc has a 52 week low of $14.27 and a 52 week high of $36.46. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.07.

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

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

Analysts Set New Price Targets

A number of research firms recently weighed in on GEO. Jones Trading reduced their price objective on shares of Geo Group from $50.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Geo Group in a research note on Friday, October 31st. Zacks Research downgraded Geo Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Finally, Wall Street Zen upgraded shares of Geo Group from a “hold” rating to a “buy” rating in a report on Sunday. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $35.00.

Geo Group Company Profile

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.