17,946 Shares in Geo Group Inc (The) $GEO Purchased by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in Geo Group Inc (The) (NYSE:GEO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 17,946 shares of the real estate investment trust’s stock, valued at approximately $530,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cooper Creek Partners Management LLC raised its position in shares of Geo Group by 14.2% in the 1st quarter. Cooper Creek Partners Management LLC now owns 5,314,006 shares of the real estate investment trust’s stock worth $89,328,000 after buying an additional 661,281 shares during the period. Vanguard Group Inc. boosted its holdings in Geo Group by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 14,894,927 shares of the real estate investment trust’s stock valued at $240,106,000 after acquiring an additional 98,742 shares during the last quarter. Militia Capital Management LLC purchased a new stake in Geo Group during the first quarter valued at about $3,634,000. Assenagon Asset Management S.A. purchased a new stake in Geo Group during the second quarter valued at about $47,605,000. Finally, Quantinno Capital Management LP increased its stake in Geo Group by 304.5% during the first quarter. Quantinno Capital Management LP now owns 176,266 shares of the real estate investment trust’s stock worth $2,963,000 after acquiring an additional 132,690 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

Geo Group Price Performance

Shares of NYSE GEO opened at $32.56 on Friday. Geo Group Inc has a 1-year low of $12.51 and a 1-year high of $33.15. The business has a 50-day moving average of $30.61 and a 200-day moving average of $23.22. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.65 and a quick ratio of 1.65. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 1.79 and a beta of 0.79.

Geo Group (NYSE:GEO) last announced its earnings results on Thursday, August 6th. The real estate investment trust reported $0.37 EPS for the quarter, beating the consensus estimate 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 company’s revenue was up 15.1% on a year-over-year basis. During the same period last year, the business posted $0.22 EPS. On average, equities analysts anticipate that Geo Group Inc will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on GEO. Northland Securities raised their price objective on Geo Group from $30.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. Wall Street Zen cut Geo Group from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Zacks Research raised shares of Geo Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. JonesTrading lifted their price target on shares of Geo Group from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, UBS Group reiterated an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $40.00.

Insider Buying and Selling

In related news, VP Matthew Albence sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $31.69, for a total transaction 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. This trade represents 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 firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $32.00, for a total transaction of $224,000.00. Following the sale, the insider directly owned 71,614 shares of the company’s stock, valued at approximately $2,291,648. The trade was a 8.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 4.98% of the company’s stock.

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.