57,100 Shares in Geo Group Inc (The) $GEO Purchased by Anson Funds Management LP

Anson Funds Management LP bought a new stake in shares of Geo Group Inc (The) (NYSE:GEO) during the first quarter, HoldingsChannel reports. The institutional investor bought 57,100 shares of the real estate investment trust’s stock, valued at approximately $1,668,000.

Several other hedge funds also recently modified their holdings of the business. Twin Tree Management LP bought a new stake in shares of Geo Group during the first quarter worth approximately $39,000. NewEdge Advisors LLC grew its holdings in Geo Group by 81.9% during the 1st quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 839 shares during the period. NBC Securities Inc. bought a new stake in shares of Geo Group during the 1st quarter valued at $58,000. Covestor Ltd lifted its stake in shares of Geo Group by 19.8% in the 1st quarter. Covestor Ltd now owns 2,653 shares of the real estate investment trust’s stock valued at $77,000 after purchasing an additional 438 shares during the period. Finally, Morse Asset Management Inc lifted its stake in shares of Geo Group by 29.0% in the 4th quarter. Morse Asset Management Inc now owns 6,760 shares of the real estate investment trust’s stock valued at $189,000 after purchasing an additional 1,520 shares during the period. Institutional investors own 76.10% of the company’s stock.

Geo Group Stock Performance

Shares of Geo Group stock opened at $21.33 on Thursday. The stock’s fifty day simple moving average is $23.17 and its 200 day simple moving average is $25.77. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $3.02 billion, a PE ratio of 32.81, a PEG ratio of 2.34 and a beta of 0.75. Geo Group Inc has a 12 month low of $11.75 and a 12 month high of $36.46.

Geo Group (NYSE:GEO) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $636.17 million during the quarter, compared to analysts’ expectations of $621.55 million. Geo Group had a return on equity of 7.26% and a net margin of 3.69%.The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 earnings per share. On average, research analysts predict that Geo Group Inc will post 0.83 EPS for the current year.

Geo Group announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 6th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 8.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

GEO has been the subject of a number of recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $36.00 price objective on shares of Geo Group in a report on Monday, June 23rd. Jones Trading decreased their target price on Geo Group from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $37.00.

About Geo Group

The GEO Group, Inc (NYSE: GEO) engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.