Sei Investments Co. raised its stake in Geo Group Inc (The) (NYSE:GEO) by 50.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 201,059 shares of the real estate investment trust’s stock after buying an additional 67,061 shares during the period. Sei Investments Co.’s holdings in Geo Group Inc (The) were worth $5,946,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in Geo Group Inc (The) during the first quarter valued at about $125,000. Meeder Asset Management Inc. acquired a new position in Geo Group Inc (The) during the first quarter valued at about $196,000. Bank of Montreal Can acquired a new position in Geo Group Inc (The) during the second quarter valued at about $199,000. KCG Holdings Inc. acquired a new position in Geo Group Inc (The) during the first quarter valued at about $201,000. Finally, ARP Americas LLC acquired a new position in Geo Group Inc (The) during the first quarter valued at about $209,000. Hedge funds and other institutional investors own 66.89% of the company’s stock.

Geo Group Inc (NYSE GEO) opened at 27.20 on Wednesday. The stock has a market cap of $3.32 billion, a PE ratio of 19.07 and a beta of 1.54. Geo Group Inc has a 12 month low of $10.84 and a 12 month high of $34.32. The stock has a 50 day moving average price of $29.05 and a 200-day moving average price of $30.40.

Geo Group Inc (The) (NYSE:GEO) last announced its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.15. The firm had revenue of $570.10 million during the quarter, compared to analyst estimates of $584.69 million. Geo Group Inc (The) had a net margin of 7.32% and a return on equity of 15.84%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. On average, analysts expect that Geo Group Inc will post $1.27 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 21st were issued a $0.47 dividend. The ex-dividend date was Wednesday, July 19th. This represents a $1.88 annualized dividend and a dividend yield of 6.91%. Geo Group Inc (The)’s dividend payout ratio (DPR) is 131.16%.

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A number of brokerages have recently weighed in on GEO. Zacks Investment Research upgraded Geo Group Inc (The) from a “hold” rating to a “strong-buy” rating and set a $34.00 price target for the company in a research report on Tuesday, July 4th. Canaccord Genuity restated a “buy” rating and issued a $35.00 price target on shares of Geo Group Inc (The) in a research report on Monday, June 19th. BidaskClub cut Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. J P Morgan Chase & Co began coverage on Geo Group Inc (The) in a research report on Friday, July 14th. They issued an “overweight” rating and a $35.00 price target for the company. Finally, ValuEngine upgraded Geo Group Inc (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Geo Group Inc (The) has a consensus rating of “Hold” and a consensus price target of $31.33.

In other news, Director Richard H. Glanton sold 937 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $30.47, for a total value of $28,550.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anne N. Foreman sold 17,340 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were 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. In the last 90 days, insiders sold 44,006 shares of company stock valued at $1,329,188. Insiders own 2.40% of the company’s stock.

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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