Harber Asset Management LLC lifted its holdings in shares of Geo Group Inc (The) (NYSE:GEO – Free Report) by 71.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 480,130 shares of the real estate investment trust’s stock after buying an additional 199,693 shares during the period. Geo Group makes up about 3.2% of Harber Asset Management LLC’s investment portfolio, making the stock its 17th largest holding. Harber Asset Management LLC’s holdings in Geo Group were worth $7,740,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in GEO. Geneos Wealth Management Inc. boosted 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 during the period. IFP Advisors Inc acquired a new position in shares of Geo Group during the fourth quarter worth approximately $30,000. Bayforest Capital Ltd acquired a new position in shares of Geo Group during the fourth quarter worth approximately $37,000. Daytona Street Capital LLC acquired a new position in shares of Geo Group during the fourth quarter worth approximately $53,000. Finally, NewEdge Advisors LLC boosted its position in shares of Geo Group by 81.9% during the first quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 839 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on GEO shares. Weiss Ratings upgraded Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. JonesTrading reduced their price objective on Geo Group from $37.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, March 20th. Finally, Wall Street Zen downgraded Geo Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $34.50.
Geo Group Stock Performance
GEO opened at $28.40 on Friday. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 14.42 and a beta of 0.87. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.75 and a quick ratio of 1.75. Geo Group Inc has a 1-year low of $12.51 and a 1-year high of $28.89. The business has a 50 day moving average price of $21.40 and a two-hundred day moving average price of $17.92.
Geo Group (NYSE:GEO – Get Free Report) last released its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. The firm had revenue of $705.21 million during the quarter, compared to the consensus estimate of $688.89 million. Geo Group had a return on equity of 9.43% and a net margin of 10.00%.The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share. Geo Group has set its FY 2026 guidance at 1.150-1.250 EPS and its Q2 2026 guidance at 0.250-0.290 EPS. Research analysts predict that Geo Group Inc will post 1.2 EPS for the current fiscal 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.
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