First Dallas Securities Inc. Invests $401,000 in Geo Group Inc (The) $GEO

First Dallas Securities Inc. purchased a new position in Geo Group Inc (The) (NYSE:GEO) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 16,735 shares of the real estate investment trust’s stock, valued at approximately $401,000.

A number of other hedge funds have also recently bought and sold shares of the business. Fox Run Management L.L.C. acquired a new stake in Geo Group during the 2nd quarter valued at approximately $417,000. Bank of New York Mellon Corp boosted its stake in shares of Geo Group by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 872,742 shares of the real estate investment trust’s stock valued at $20,902,000 after buying an additional 11,080 shares during the last quarter. South Dakota Investment Council grew its position in shares of Geo Group by 454.0% during the second quarter. South Dakota Investment Council now owns 138,500 shares of the real estate investment trust’s stock worth $3,317,000 after buying an additional 113,500 shares in the last quarter. Mountain Hill Investment Partners Corp. raised its holdings in Geo Group by 31.4% in the second quarter. Mountain Hill Investment Partners Corp. now owns 41,812 shares of the real estate investment trust’s stock valued at $1,001,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in Geo Group by 1.6% during the 2nd quarter. Amalgamated Bank now owns 39,088 shares of the real estate investment trust’s stock valued at $936,000 after acquiring an additional 607 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GEO shares. Jones Trading dropped their target price on shares of Geo Group from $50.00 to $37.00 and set a “buy” rating for the company in a research report on Friday. Wall Street Zen downgraded Geo Group from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Geo Group in a report on Friday, October 31st. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Geo Group Trading Down 1.8%

Geo Group stock opened at $15.13 on Monday. Geo Group Inc has a 1 year low of $14.27 and a 1 year high of $36.46. The firm’s 50-day moving average is $19.22 and its 200-day moving average is $23.16. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $2.14 billion, a P/E ratio of 23.27, a PEG ratio of 1.87 and a beta of 0.67.

Geo Group (NYSE:GEO) last released its quarterly earnings data on Wednesday, September 28th. The real estate investment trust reported $0.41 earnings per share for the quarter. Geo Group had a net margin of 3.69% and a return on equity of 7.26%. The firm had revenue of $565.42 million for the quarter. Geo Group has set its FY22 guidance at $2.40-2.46 EPS. On average, equities analysts expect that Geo Group Inc will post 0.83 earnings per share for the current year.

Geo Group declared that its board has initiated a share buyback plan on Wednesday, August 6th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 8.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Geo Group Profile

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.