Teacher Retirement System of Texas Boosts Stake in Geo Group Inc (The) $GEO

Teacher Retirement System of Texas raised its position in Geo Group Inc (The) (NYSE:GEO) by 15.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 281,264 shares of the real estate investment trust’s stock after buying an additional 38,275 shares during the period. Teacher Retirement System of Texas owned 0.20% of Geo Group worth $6,736,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GEO. GAMMA Investing LLC increased its stake in Geo Group by 6.9% in the 1st quarter. GAMMA Investing LLC now owns 8,721 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 566 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Geo Group by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 677,058 shares of the real estate investment trust’s stock valued at $19,777,000 after acquiring an additional 17,605 shares during the period. Envestnet Asset Management Inc. bought a new position in shares of Geo Group during the 1st quarter valued at approximately $515,000. Xponance Inc. grew its position in shares of Geo Group by 7.6% during the 1st quarter. Xponance Inc. now owns 10,120 shares of the real estate investment trust’s stock valued at $296,000 after acquiring an additional 712 shares during the period. Finally, Edgestream Partners L.P. bought a new position in shares of Geo Group during the 1st quarter valued at approximately $1,963,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Geo Group Stock Down 1.3%

GEO opened at $16.46 on Friday. The company has a 50 day moving average of $19.77 and a 200 day moving average of $23.78. The company has a market cap of $2.33 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 1.87 and a beta of 0.75. Geo Group Inc has a 12 month low of $13.59 and a 12 month high of $36.46. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.07.

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

Geo Group declared that its Board of Directors has approved a stock buyback plan on Wednesday, August 6th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the real estate investment trust to repurchase up to 8.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Jones Trading reduced their target price on shares of Geo Group from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Geo Group in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Geo Group from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

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.