Geo Group Inc (The) (GEO) Holdings Increased by Perpetual Ltd

Perpetual Ltd grew its stake in shares of Geo Group Inc (The) (NYSE:GEO) by 52.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,100 shares of the real estate investment trust’s stock after acquiring an additional 31,600 shares during the period. Perpetual Ltd owned 0.08% of Geo Group Inc (The) worth $2,723,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Toronto Dominion Bank lifted its position in Geo Group Inc (The) by 50.0% during the second quarter. Toronto Dominion Bank now owns 6,901 shares of the real estate investment trust’s stock worth $204,000 after acquiring an additional 2,300 shares during the last quarter. Advisory Services Network LLC lifted its position in Geo Group Inc (The) by 51.1% during the second quarter. Advisory Services Network LLC now owns 57,141 shares of the real estate investment trust’s stock worth $1,690,000 after acquiring an additional 19,335 shares during the last quarter. Hillcrest Asset Management LLC lifted its position in Geo Group Inc (The) by 49.8% during the second quarter. Hillcrest Asset Management LLC now owns 340,464 shares of the real estate investment trust’s stock worth $10,068,000 after acquiring an additional 113,248 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Geo Group Inc (The) during the second quarter worth approximately $308,000. Finally, WINTON GROUP Ltd lifted its position in Geo Group Inc (The) by 144.9% during the second quarter. WINTON GROUP Ltd now owns 142,473 shares of the real estate investment trust’s stock worth $4,213,000 after acquiring an additional 84,292 shares during the last quarter. Hedge funds and other institutional investors own 93.85% of the company’s stock.

Several brokerages have issued reports on GEO. Zacks Investment Research upgraded shares of Geo Group Inc (The) from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. ValuEngine downgraded shares of Geo Group Inc (The) from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 22nd. 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. 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. Finally, JPMorgan Chase & Co. began 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $33.83.

In related news, Director Anne N. Foreman sold 17,340 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were 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 this hyperlink. Also, Director Norman A. Carlson sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $25.77, for a total transaction of $257,700.00. Following the sale, 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. Corporate insiders own 2.40% of the company’s stock.

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Geo Group Inc (NYSE GEO) traded up 0.39% during midday trading on Friday, hitting $25.57. 147,886 shares of the stock were exchanged. Geo Group Inc has a 1-year low of $15.27 and a 1-year high of $34.32. The firm’s 50-day moving average price is $26.29 and its 200 day moving average price is $29.04. The firm has a market capitalization of $3.12 billion, a P/E ratio of 17.93 and a beta of 1.52.

Geo Group Inc (The) (NYSE:GEO) last announced its quarterly 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). The business had revenue of $570.10 million for the quarter, compared to analysts’ expectations of $584.69 million. Geo Group Inc (The) had a net margin of 7.32% and a return on equity of 15.84%. 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 company posted $0.21 earnings per share. Analysts expect that Geo Group Inc will post $1.27 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Monday, October 23rd will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date is Friday, October 20th. Geo Group Inc (The)’s payout ratio is currently 131.16%.

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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