Advisor Group Holdings Inc. Has $510,000 Holdings in The GEO Group, Inc. (NYSE:GEO)

Advisor Group Holdings Inc. raised its stake in The GEO Group, Inc. (NYSE:GEO) by 9.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 71,665 shares of the real estate investment trust’s stock after buying an additional 6,246 shares during the quarter. Advisor Group Holdings Inc.’s holdings in The GEO Group were worth $510,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wolverine Asset Management LLC acquired a new stake in The GEO Group in the 1st quarter valued at about $42,000. Marshall Wace North America L.P. bought a new position in shares of The GEO Group in the 1st quarter valued at about $71,000. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of The GEO Group in the 1st quarter valued at about $76,000. Tuttle Tactical Management bought a new position in shares of The GEO Group in the 2nd quarter valued at about $78,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of The GEO Group in the 1st quarter valued at about $86,000. Hedge funds and other institutional investors own 79.79% of the company’s stock.

Shares of GEO opened at $7.04 on Wednesday. The company has a market cap of $862.78 million, a price-to-earnings ratio of 6.29, a PEG ratio of 0.29 and a beta of 0.71. The GEO Group, Inc. has a 1-year low of $4.96 and a 1-year high of $11.95. The company’s fifty day simple moving average is $7.42 and its 200 day simple moving average is $6.95. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 2.99.

The GEO Group (NYSE:GEO) last issued its earnings results on Wednesday, August 4th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.14. The GEO Group had a net margin of 6.25% and a return on equity of 16.99%. The business had revenue of $565.40 million for the quarter, compared to the consensus estimate of $561.18 million. During the same period in the previous year, the company earned $0.35 earnings per share. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, research analysts forecast that The GEO Group, Inc. will post 2.57 earnings per share for the current year.

GEO has been the topic of several research analyst reports. Wedbush started coverage on shares of The GEO Group in a report on Tuesday, June 8th. They set a “neutral” rating and a $7.00 target price on the stock. TheStreet upgraded shares of The GEO Group from a “d+” rating to a “c-” rating in a report on Thursday, July 15th. Finally, Zacks Investment Research upgraded shares of The GEO Group from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a report on Tuesday, August 10th.

The GEO Group Company Profile

The GEO Group, Inc is a real estate investment trust, which specializes in the ownership, lease, and management of correctional, detention, and re-entry facilities. It operates through the following segments: U.S. Secure Services; GEO Care; International Services; and Facility Construction and Design.

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

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