JB Capital Partners LP Makes New Investment in Geo Group Inc (The) $GEO

JB Capital Partners LP acquired a new stake in Geo Group Inc (The) (NYSE:GEO) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 80,000 shares of the real estate investment trust’s stock, valued at approximately $2,364,000. JB Capital Partners LP owned 0.06% of Geo Group as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of GEO. Covestor Ltd lifted its position in Geo Group by 16.6% during the fourth quarter. Covestor Ltd now owns 4,533 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 646 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Geo Group by 22.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 3,866 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 715 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Geo Group by 2.4% in the 1st quarter. Kestra Advisory Services LLC now owns 30,462 shares of the real estate investment trust’s stock valued at $512,000 after purchasing an additional 727 shares in the last quarter. ProShare Advisors LLC grew its holdings in Geo Group by 3.0% in the fourth quarter. ProShare Advisors LLC now owns 26,333 shares of the real estate investment trust’s stock valued at $424,000 after purchasing an additional 772 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in 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 purchasing an additional 782 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.

Geo Group Stock Performance

Shares of GEO traded up $0.24 on Friday, reaching $32.84. 532,344 shares of the stock traded hands, compared to its average volume of 2,113,364. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.65 and a quick ratio of 1.65. Geo Group Inc has a 12 month low of $12.51 and a 12 month high of $33.15. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 1.79 and a beta of 0.79. The stock’s 50-day moving average price is $30.61 and its 200-day moving average price is $23.22.

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings upgraded Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Northland Securities lifted their target price on Geo Group from $30.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, June 26th. JonesTrading increased their price target on shares of Geo Group from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Zacks Research raised shares of Geo Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Finally, Noble Financial reiterated an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $40.00.

Insiders Place Their Bets

In other news, VP Matthew Albence sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was 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 owned 99,399 shares in the company, valued at $3,149,954.31. This represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ronald A. Brack sold 7,000 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $32.00, for a total value of $224,000.00. Following the sale, the insider owned 71,614 shares of the company’s stock, valued at $2,291,648. The trade was a 8.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 4.98% of the company’s stock.

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.