Miles Capital Inc. reduced its holdings in Geo Group Inc (The) (NYSE:GEO) by 14.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,563 shares of the real estate investment trust’s stock after selling 5,771 shares during the period. Miles Capital Inc.’s holdings in Geo Group Inc (The) were worth $992,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GEO. Vanguard Group Inc. boosted its stake in shares of Geo Group Inc (The) by 6.8% in the first quarter. Vanguard Group Inc. now owns 14,110,525 shares of the real estate investment trust’s stock worth $654,305,000 after acquiring an additional 901,286 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Geo Group Inc (The) by 305.5% during the second quarter. BNP Paribas Arbitrage SA now owns 90,153 shares of the real estate investment trust’s stock worth $2,666,000 after buying an additional 67,923 shares in the last quarter. Artemis Investment Management LLP lifted its position in Geo Group Inc (The) by 96.0% during the second quarter. Artemis Investment Management LLP now owns 3,022,274 shares of the real estate investment trust’s stock worth $89,325,000 after buying an additional 1,480,619 shares in the last quarter. SG Americas Securities LLC lifted its position in Geo Group Inc (The) by 246.2% during the second quarter. SG Americas Securities LLC now owns 38,379 shares of the real estate investment trust’s stock worth $1,135,000 after buying an additional 27,294 shares in the last quarter. Finally, Blair William & Co. IL lifted its position in Geo Group Inc (The) by 74.5% during the second quarter. Blair William & Co. IL now owns 41,889 shares of the real estate investment trust’s stock worth $1,239,000 after buying an additional 17,879 shares in the last quarter. 93.82% of the stock is currently owned by institutional investors.

In other Geo Group Inc (The) news, Director Anne N. Foreman sold 17,340 shares of Geo Group Inc (The) 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Norman A. Carlson sold 10,000 shares of Geo Group Inc (The) stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $25.77, for a total value 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 own 2.40% of the company’s stock.

Geo Group Inc (NYSE GEO) traded up 0.86% during mid-day trading on Friday, reaching $26.90. The company’s stock had a trading volume of 524,804 shares. The firm has a market capitalization of $3.29 billion, a PE ratio of 18.86 and a beta of 1.53. The stock’s 50-day moving average is $26.73 and its 200-day moving average is $29.81. Geo Group Inc has a 12 month low of $15.07 and a 12 month high of $34.32.

Geo Group Inc (The) (NYSE:GEO) last issued 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). Geo Group Inc (The) had a net margin of 7.32% and a return on equity of 15.84%. The company had revenue of $570.10 million during the quarter, compared to analyst estimates of $584.69 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts anticipate that Geo Group Inc will post $1.27 EPS for the current year.

GEO has been the topic of a number of analyst reports. ValuEngine upgraded Geo Group Inc (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded Geo Group Inc (The) from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a research report on Tuesday, July 4th. Canaccord Genuity reiterated a “buy” rating and issued a $35.00 price objective on shares of Geo Group Inc (The) in a report on Monday, June 19th. BidaskClub downgraded Geo Group Inc (The) from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Finally, J P Morgan Chase & Co began coverage on Geo Group Inc (The) in a report on Friday, July 14th. They issued an “overweight” rating and a $35.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $33.83.

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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.

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

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