JB Capital Partners LP Invests $2.36 Billion in Geo Group Inc (The) $GEO

JB Capital Partners LP purchased a new position in shares of Geo Group Inc (The) (NYSE:GEO) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 80,000 shares of the real estate investment trust’s stock, valued at approximately $2,364,000,000.

A number of other hedge funds have also bought and sold shares of GEO. BlackRock Inc. bought a new stake in Geo Group in the second quarter valued at about $570,744,000. Vanguard Group Inc. grew its position in shares of Geo Group by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 14,894,927 shares of the real estate investment trust’s stock worth $240,106,000 after acquiring an additional 98,742 shares in the last quarter. Cooper Creek Partners Management LLC grew 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 acquiring an additional 661,281 shares in the last quarter. State Street Corp increased its holdings in shares of Geo Group by 2.6% in the 4th quarter. State Street Corp now owns 4,961,725 shares of the real estate investment trust’s stock valued at $79,983,000 after acquiring an additional 126,609 shares during the last quarter. Finally, Continental General Insurance Co. increased its holdings in shares of Geo Group by 10.1% in the 4th quarter. Continental General Insurance Co. now owns 4,684,474 shares of the real estate investment trust’s stock valued at $75,514,000 after acquiring an additional 430,000 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Geo Group Stock Up 3.4%

Shares of Geo Group stock opened at $32.80 on Friday. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 1.73 and a beta of 0.79. Geo Group Inc has a twelve month low of $12.51 and a twelve month high of $32.92. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.00. The business’s 50 day simple moving average is $30.32 and its 200-day simple moving average is $22.70.

Geo Group (NYSE:GEO) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. Geo Group had a net margin of 10.31% and a return on equity of 10.42%. The firm had revenue of $732.07 million during the quarter, compared to analyst estimates of $721.43 million. During the same period in the previous year, the business posted $0.22 EPS. Geo Group’s revenue was up 15.1% on a year-over-year basis. Equities research analysts forecast that Geo Group Inc will post 1.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GEO shares. Noble Financial restated an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. Wall Street Zen lowered shares of Geo Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. UBS Group reissued an “outperform” rating on shares of Geo Group in a report on Monday, August 10th. Northland Securities raised their price target on shares of Geo Group from $30.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, June 26th. Finally, Zacks Research raised shares of Geo Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $40.00.

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.