Innealta Capital LLC Invests $140,000 in The GEO Group, Inc. (NYSE:GEO)

Innealta Capital LLC bought a new position in shares of The GEO Group, Inc. (NYSE:GEO) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 9,751 shares of the real estate investment trust’s stock, valued at approximately $140,000.

Several other large investors have also bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in The GEO Group by 32.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,201 shares of the real estate investment trust’s stock valued at $333,000 after buying an additional 5,645 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in The GEO Group by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 1,114,771 shares of the real estate investment trust’s stock valued at $16,008,000 after buying an additional 49,134 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of The GEO Group by 10.9% during the second quarter. Louisiana State Employees Retirement System now owns 67,100 shares of the real estate investment trust’s stock valued at $964,000 after purchasing an additional 6,600 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of The GEO Group by 1.1% during the second quarter. SummerHaven Investment Management LLC now owns 100,735 shares of the real estate investment trust’s stock valued at $1,447,000 after purchasing an additional 1,098 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of The GEO Group by 131.8% during the second quarter. Nisa Investment Advisors LLC now owns 1,037,881 shares of the real estate investment trust’s stock valued at $14,904,000 after purchasing an additional 590,099 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

The GEO Group Trading Up 2.4 %

Shares of GEO traded up $0.32 during mid-day trading on Friday, reaching $13.87. 1,599,212 shares of the company were exchanged, compared to its average volume of 2,533,792. The GEO Group, Inc. has a 52 week low of $7.01 and a 52 week high of $18.05. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $1.94 billion, a PE ratio of 19.08, a PEG ratio of 1.51 and a beta of 0.67. The business has a 50 day simple moving average of $14.33 and a two-hundred day simple moving average of $13.84.

The GEO Group (NYSE:GEO) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The GEO Group had a return on equity of 8.87% and a net margin of 1.92%. The company had revenue of $607.19 million for the quarter, compared to the consensus estimate of $606.16 million. During the same quarter last year, the business earned $0.24 earnings per share. On average, analysts predict that The GEO Group, Inc. will post 0.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other The GEO Group news, EVP Shayn P. March sold 2,500 shares of The GEO Group stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $17.50, for a total value of $43,750.00. Following the completion of the sale, the executive vice president now directly owns 65,330 shares in the company, valued at $1,143,275. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other The GEO Group news, EVP Shayn P. March sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $17.50, for a total value of $43,750.00. Following the completion of the sale, the executive vice president now owns 65,330 shares of the company’s stock, valued at $1,143,275. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman George C. Zoley acquired 100,000 shares of The GEO Group stock in a transaction on Monday, August 12th. The stock was purchased at an average cost of $12.33 per share, with a total value of $1,233,000.00. Following the purchase, the chairman now directly owns 3,900,904 shares of the company’s stock, valued at approximately $48,098,146.32. The disclosure for this purchase can be found here. 5.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on GEO. Wedbush reissued an “outperform” rating and set a $19.00 price target on shares of The GEO Group in a research note on Wednesday, August 7th. StockNews.com lowered The GEO Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th.

The 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.