TIAA CREF Investment Management LLC raised its position in Geo Group Inc (The) (NYSE:GEO) by 49.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 390,833 shares of the real estate investment trust’s stock after acquiring an additional 129,444 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.31% of Geo Group Inc (The) worth $11,557,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new position in Geo Group Inc (The) in the first quarter worth approximately $125,000. Meeder Asset Management Inc. purchased a new stake in shares of Geo Group Inc (The) during the 1st quarter worth approximately $196,000. KCG Holdings Inc. purchased a new stake in shares of Geo Group Inc (The) during the 1st quarter worth approximately $201,000. Ffcm LLC lifted its position in shares of Geo Group Inc (The) by 265.8% during the 2nd quarter. Ffcm LLC now owns 4,415 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 3,208 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Geo Group Inc (The) by 69.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,661 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 1,909 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.

Shares of Geo Group Inc (NYSE GEO) opened at 26.31 on Thursday. The stock has a market cap of $3.21 billion, a P/E ratio of 18.45 and a beta of 1.52. The stock’s 50 day moving average is $26.36 and its 200 day moving average is $29.54. 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 announced its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.15). Geo Group Inc (The) had a return on equity of 15.84% and a net margin of 7.32%. The firm had revenue of $570.10 million for the quarter, compared to the consensus estimate of $584.69 million. During the same quarter last year, the business earned $0.21 earnings per share. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts predict that Geo Group Inc will post $1.27 earnings per share for the current fiscal year.

GEO has been the subject of several recent analyst reports. ValuEngine upgraded shares of Geo Group Inc (The) from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. BidaskClub downgraded shares of Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. 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 price objective for the company. Zacks Investment Research downgraded shares of Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Canaccord Genuity set a $35.00 price objective on shares of Geo Group Inc (The) and gave the stock a “buy” rating in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Geo Group Inc (The) has an average rating of “Hold” and an average price target of $33.83.

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In related news, Director Anne N. Foreman sold 17,340 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $26.67, for a total transaction of $462,457.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Norman A. Carlson sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $25.77, for a total value of $257,700.00. Following the transaction, the director now owns 39,779 shares in the company, valued at $1,025,104.83. The disclosure for this sale can be found here. Company 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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