Ameriprise Financial Inc. grew its holdings in Geo Group Inc (The) (NYSE:GEO) by 33.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 633,636 shares of the real estate investment trust’s stock after purchasing an additional 160,410 shares during the quarter. Ameriprise Financial Inc. owned about 0.51% of Geo Group Inc (The) worth $18,738,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. BlackRock Inc. lifted its position in shares of Geo Group Inc (The) by 134,562.9% during the 1st quarter. BlackRock Inc. now owns 9,056,079 shares of the real estate investment trust’s stock worth $419,932,000 after purchasing an additional 9,049,354 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Geo Group Inc (The) by 82.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,360,526 shares of the real estate investment trust’s stock valued at $128,941,000 after buying an additional 1,975,389 shares during the last quarter. Artemis Investment Management LLP grew its holdings in Geo Group Inc (The) by 96.0% in the 2nd quarter. Artemis Investment Management LLP now owns 3,022,274 shares of the real estate investment trust’s stock valued at $89,325,000 after buying an additional 1,480,619 shares during the last quarter. Prudential Financial Inc. grew its holdings in Geo Group Inc (The) by 70.4% in the 2nd quarter. Prudential Financial Inc. now owns 3,427,207 shares of the real estate investment trust’s stock valued at $101,342,000 after buying an additional 1,416,097 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Geo Group Inc (The) by 69.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,680,079 shares of the real estate investment trust’s stock valued at $79,251,000 after buying an additional 1,095,975 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors.

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Geo Group Inc (NYSE:GEO) opened at 26.45 on Tuesday. The company’s 50-day moving average price is $26.40 and its 200 day moving average price is $29.59. Geo Group Inc has a 52 week low of $15.07 and a 52 week high of $34.32. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 18.55 and a beta of 1.52.

Geo Group Inc (The) (NYSE:GEO) last posted its earnings results on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.15). The company had revenue of $570.10 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 EPS. On average, analysts predict that Geo Group Inc will post $1.27 EPS for the current year.

In other news, Director Norman A. Carlson sold 10,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 39,779 shares in the company, valued at $1,025,104.83. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Anne N. Foreman sold 17,340 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $26.67, for a total value of $462,457.80. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.

GEO has been the subject of a number of research analyst reports. Canaccord Genuity reiterated a “buy” rating and set a $35.00 price target on shares of Geo Group Inc (The) in a report on Monday, June 19th. BidaskClub downgraded shares of Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Zacks Investment Research upgraded shares of Geo Group Inc (The) from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a research note on Tuesday, July 4th. J P Morgan Chase & Co initiated coverage on shares of Geo Group Inc (The) in a research report on Friday, July 14th. They set an “overweight” rating and a $35.00 target price on the stock. Finally, ValuEngine raised shares of Geo Group Inc (The) from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $33.83.

About Geo Group Inc (The)

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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