Geo Group Inc (The) $GEO Shares Purchased by Kore Advisors LP

Kore Advisors LP increased its stake in shares of Geo Group Inc (The) (NYSE:GEO) by 2.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 839,379 shares of the real estate investment trust’s stock after purchasing an additional 17,941 shares during the period. Geo Group makes up 9.9% of Kore Advisors LP’s portfolio, making the stock its largest holding. Kore Advisors LP’s holdings in Geo Group were worth $13,531,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GEO. Geneos Wealth Management Inc. lifted its holdings in Geo Group by 245.1% in the second quarter. Geneos Wealth Management Inc. now owns 1,101 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 782 shares during the period. IFP Advisors Inc acquired a new stake in Geo Group in the fourth quarter valued at $30,000. Bayforest Capital Ltd acquired a new stake in Geo Group in the fourth quarter valued at $37,000. Daytona Street Capital LLC acquired a new stake in Geo Group in the fourth quarter valued at $53,000. Finally, NewEdge Advisors LLC lifted its holdings in Geo Group by 81.9% in the first quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 839 shares during the period. Institutional investors and hedge funds own 76.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GEO shares. JonesTrading reduced their target price on Geo Group from $37.00 to $33.00 and set a “buy” rating for the company in a report on Friday, March 20th. Weiss Ratings raised Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Finally, Wall Street Zen downgraded Geo Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Geo Group currently has an average rating of “Moderate Buy” and an average target price of $34.50.

Geo Group Trading Down 0.8%

Shares of GEO stock opened at $28.40 on Friday. Geo Group Inc has a fifty-two week low of $12.51 and a fifty-two week high of $28.89. The stock has a market cap of $3.80 billion, a P/E ratio of 14.42 and a beta of 0.87. The business has a fifty day simple moving average of $21.40 and a 200-day simple moving average of $17.92. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.06.

Geo Group (NYSE:GEO) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. Geo Group had a return on equity of 9.43% and a net margin of 10.00%.The business had revenue of $705.21 million during the quarter, compared to analysts’ expectations of $688.89 million. During the same quarter last year, the business posted $0.14 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. 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. On average, analysts forecast that Geo Group Inc will post 1.2 earnings per share 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.