Teacher Retirement System of Texas Sells 100,603 Shares of Geo Group Inc (The) $GEO

Teacher Retirement System of Texas lessened its stake in Geo Group Inc (The) (NYSE:GEO) by 35.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,661 shares of the real estate investment trust’s stock after selling 100,603 shares during the quarter. Teacher Retirement System of Texas’ holdings in Geo Group were worth $3,702,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of GEO. Geneos Wealth Management Inc. lifted its position 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 valued at $26,000 after purchasing an additional 782 shares during the period. NewEdge Advisors LLC boosted its position in shares of Geo Group by 81.9% during the first quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 839 shares in the last quarter. Covestor Ltd lifted its holdings in Geo Group by 18.9% during the third quarter. Covestor Ltd now owns 3,887 shares of the real estate investment trust’s stock worth $80,000 after acquiring an additional 617 shares in the last quarter. Militia Capital Partners LP lifted its holdings in shares of Geo Group by 122.6% during the 2nd quarter. Militia Capital Partners LP now owns 6,900 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Geo Group during the second quarter worth $202,000. Institutional investors own 76.10% of the company’s stock.

Geo Group Price Performance

Shares of GEO opened at $16.06 on Thursday. The business has a 50-day simple moving average of $16.61 and a two-hundred day simple moving average of $19.01. The stock has a market cap of $2.24 billion, a PE ratio of 9.45 and a beta of 0.72. Geo Group Inc has a 12-month low of $14.27 and a 12-month high of $32.25. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.02.

Geo Group (NYSE:GEO) last posted its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. Geo Group had a return on equity of 7.42% and a net margin of 9.41%.The business had revenue of $682.34 million during the quarter, compared to the consensus estimate of $665.81 million. During the same period in the prior year, the business posted $0.21 earnings per share. Geo Group’s quarterly revenue was up 13.1% on a year-over-year basis. Geo Group has set its FY 2025 guidance at 1.810-1.850 EPS and its Q4 2025 guidance at 0.230-0.270 EPS. Analysts anticipate that Geo Group Inc will post 0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on GEO. Jones Trading decreased their price objective on Geo Group from $50.00 to $37.00 and set a “buy” rating for the company in a report on Friday, November 7th. Wall Street Zen upgraded Geo Group from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Zacks Research upgraded shares of Geo Group from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Geo Group in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.00.

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.