Eagle Asset Management Inc. raised its stake in Geo Group Inc (The) (NYSE:GEO) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,696,186 shares of the real estate investment trust’s stock after buying an additional 5,004 shares during the period. Eagle Asset Management Inc. owned 1.37% of Geo Group Inc (The) worth $50,156,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of GEO. Utah Retirement Systems raised its position in shares of Geo Group Inc (The) by 1.3% in the first quarter. Utah Retirement Systems now owns 8,085 shares of the real estate investment trust’s stock valued at $375,000 after buying an additional 100 shares during the last quarter. Amalgamated Bank raised its position in shares of Geo Group Inc (The) by 4.9% in the first quarter. Amalgamated Bank now owns 10,494 shares of the real estate investment trust’s stock valued at $487,000 after buying an additional 490 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of Geo Group Inc (The) by 0.3% in the first quarter. Asset Management One Co. Ltd. now owns 176,646 shares of the real estate investment trust’s stock valued at $8,173,000 after buying an additional 526 shares during the last quarter. Sigma Planning Corp raised its position in shares of Geo Group Inc (The) by 6.8% in the second quarter. Sigma Planning Corp now owns 9,338 shares of the real estate investment trust’s stock valued at $276,000 after buying an additional 591 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Geo Group Inc (The) by 0.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 75,002 shares of the real estate investment trust’s stock valued at $3,478,000 after buying an additional 664 shares during the last quarter. Institutional investors own 93.85% of the company’s stock.

Shares of Geo Group Inc (GEO) opened at 27.46 on Friday. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 19.26 and a beta of 1.53. The firm’s 50-day moving average is $27.84 and its 200-day moving average is $30.19. Geo Group Inc has a 1-year low of $13.84 and a 1-year high of $34.32.

Geo Group Inc (The) (NYSE:GEO) last announced its earnings results on Monday, August 7th. The real estate investment trust reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.15. The firm had revenue of $570.10 million during the quarter, compared to the consensus estimate of $584.69 million. Geo Group Inc (The) had a return on equity of 15.84% and a net margin of 7.32%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Analysts forecast that Geo Group Inc will post $1.27 earnings per share for the current fiscal year.

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A number of analysts have weighed in on GEO shares. Zacks Investment Research lowered shares of Geo Group Inc (The) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Canaccord Genuity set a $35.00 price objective on shares of Geo Group Inc (The) and gave the company a “buy” rating in a research note on Monday, August 7th. ValuEngine upgraded shares of Geo Group Inc (The) from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. J P Morgan Chase & Co started coverage on shares of Geo Group Inc (The) in a research note on Friday, July 14th. They set an “overweight” rating and a $35.00 price objective for the company. Finally, BidaskClub lowered shares of Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Geo Group Inc (The) has a consensus rating of “Hold” and a consensus price target of $33.83.

In other Geo Group Inc (The) news, VP Shayn P. March sold 22,542 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $32.96, for a total value of $742,984.32. Following the completion of the transaction, the vice president now directly owns 36,170 shares in the company, valued at $1,192,163.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Norman A. Carlson sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $25.77, for a total transaction of $257,700.00. Following the completion of the transaction, the director now owns 39,779 shares of the company’s stock, valued at $1,025,104.83. The disclosure for this sale can be found here. Insiders sold 50,819 shares of company stock valued at $1,491,693 over the last quarter. 2.40% of the stock is currently owned by corporate insiders.

Geo Group Inc (The) Company Profile

The GEO Group, Inc is a real estate investment trust (REIT) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.

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Institutional Ownership by Quarter for Geo Group Inc (The) (NYSE:GEO)

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