Zacks Investment Management grew its holdings in Geo Group Inc (The) (NYSE:GEO) by 30.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,596 shares of the real estate investment trust’s stock after buying an additional 6,950 shares during the period. Zacks Investment Management’s holdings in Geo Group Inc (The) were worth $875,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of GEO. Voya Investment Management LLC raised its position in shares of Geo Group Inc (The) by 79.9% during the 2nd quarter. Voya Investment Management LLC now owns 56,516 shares of the real estate investment trust’s stock valued at $1,671,000 after buying an additional 25,101 shares in the last quarter. Epoch Investment Partners Inc. grew its position in Geo Group Inc (The) by 51.6% in the second quarter. Epoch Investment Partners Inc. now owns 964,765 shares of the real estate investment trust’s stock worth $28,528,000 after acquiring an additional 328,212 shares in the last quarter. Hood River Capital Management LLC grew its position in Geo Group Inc (The) by 66.8% in the second quarter. Hood River Capital Management LLC now owns 649,667 shares of the real estate investment trust’s stock worth $19,211,000 after acquiring an additional 260,087 shares in the last quarter. Virtu KCG Holdings LLC grew its position in Geo Group Inc (The) by 252.4% in the second quarter. Virtu KCG Holdings LLC now owns 15,242 shares of the real estate investment trust’s stock worth $451,000 after acquiring an additional 10,917 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in Geo Group Inc (The) by 10.8% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 22,750 shares of the real estate investment trust’s stock worth $673,000 after acquiring an additional 2,209 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

GEO has been the topic of several analyst reports. ValuEngine cut Geo Group Inc (The) from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 22nd. Zacks Investment Research downgraded Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Canaccord Genuity set a $35.00 price objective on Geo Group Inc (The) and gave the company a “buy” rating in a research note on Monday, August 7th. BidaskClub lowered Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Finally, J P Morgan Chase & Co assumed coverage on Geo Group Inc (The) in a report on Friday, July 14th. They issued an “overweight” rating and a $35.00 target price for the company. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $33.83.

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Shares of Geo Group Inc (NYSE:GEO) opened at 26.42 on Wednesday. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 18.53 and a beta of 1.52. Geo Group Inc has a 12-month low of $15.07 and a 12-month high of $34.32. The stock has a 50 day moving average of $26.38 and a 200 day moving average of $29.56.

Geo Group Inc (The) (NYSE:GEO) last announced its quarterly earnings data 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). The company had revenue of $570.10 million for the quarter, compared to analysts’ expectations 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 previous year, the business posted $0.21 EPS. Equities research analysts predict that Geo Group Inc will post $1.27 earnings per share for the current fiscal year.

In other news, Director Norman A. Carlson sold 10,000 shares of Geo Group Inc (The) stock in a transaction 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 transaction, the director now owns 39,779 shares in the company, valued at approximately $1,025,104.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Anne N. Foreman sold 17,340 shares of Geo Group Inc (The) stock in a transaction 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 owned by corporate insiders.

Geo Group Inc (The) 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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