Sei Investments Co. boosted its holdings in shares of Geo Group Inc (The) (NYSE:GEO – Free Report) by 244.4% during the first quarter, HoldingsChannel.com reports. The firm owned 320,412 shares of the real estate investment trust’s stock after purchasing an additional 227,385 shares during the period. Sei Investments Co.’s holdings in Geo Group were worth $5,386,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its stake in shares of Geo Group by 245.1% during the 2nd 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. Bessemer Group Inc. grew its stake in Geo Group by 111.9% in the 1st quarter. Bessemer Group Inc. now owns 1,723 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 910 shares during the period. IFP Advisors Inc purchased a new stake in Geo Group in the 4th quarter worth $30,000. Bayforest Capital Ltd purchased a new stake in Geo Group in the 4th quarter worth $37,000. Finally, Daytona Street Capital LLC acquired a new position in Geo Group during the fourth quarter worth $53,000. 76.10% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Geo Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Zacks Research upgraded shares of Geo Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Northland Securities raised 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. Finally, Weiss Ratings upgraded Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $36.50.
Geo Group Trading Down 0.0%
Shares of GEO opened at $31.32 on Wednesday. Geo Group Inc has a 52-week low of $12.51 and a 52-week high of $32.25. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.06. The firm’s fifty day moving average is $28.79 and its two-hundred day moving average is $21.47. The stock has a market cap of $4.19 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 1.86 and a beta of 0.79.
Geo Group (NYSE:GEO – Get Free Report) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.10. The business had revenue of $705.21 million for the quarter, compared to analysts’ expectations of $688.89 million. Geo Group had a return on equity of 9.43% and a net margin of 10.00%.The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. Research analysts forecast that Geo Group Inc will post 1.2 earnings per share for the current fiscal year.
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.
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