First Dallas Securities Inc. Has $1.29 Million Stock Position in Geo Group Inc (The) $GEO

First Dallas Securities Inc. boosted its position in shares of Geo Group Inc (The) (NYSE:GEO) by 276.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,935 shares of the real estate investment trust’s stock after purchasing an additional 46,200 shares during the period. First Dallas Securities Inc.’s holdings in Geo Group were worth $1,290,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GEO. Continental General Insurance Co. increased its holdings in shares of Geo Group by 919.8% during the second quarter. Continental General Insurance Co. now owns 3,904,474 shares of the real estate investment trust’s stock worth $93,512,000 after buying an additional 3,521,589 shares in the last quarter. Perpetual Ltd acquired a new position in shares of Geo Group in the 3rd quarter worth approximately $17,268,000. Balyasny Asset Management L.P. grew its position in Geo Group by 3,774.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 781,573 shares of the real estate investment trust’s stock worth $18,719,000 after acquiring an additional 761,403 shares during the last quarter. Rubric Capital Management LP increased its holdings in Geo Group by 84.6% during the 2nd quarter. Rubric Capital Management LP now owns 1,247,393 shares of the real estate investment trust’s stock valued at $29,875,000 after purchasing an additional 571,502 shares in the last quarter. Finally, Boothbay Fund Management LLC increased its holdings in Geo Group by 158.6% during the 2nd quarter. Boothbay Fund Management LLC now owns 592,699 shares of the real estate investment trust’s stock valued at $14,195,000 after purchasing an additional 363,467 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

Geo Group Trading Up 2.6%

GEO stock opened at $15.89 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.02. Geo Group Inc has a twelve month low of $14.27 and a twelve month high of $32.09. The company has a market cap of $2.21 billion, a P/E ratio of 9.35 and a beta of 0.73. The business has a fifty day moving average of $16.68 and a 200-day moving average of $18.56.

Geo Group (NYSE:GEO) last announced its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $682.34 million during the quarter, compared to analyst estimates of $665.81 million. Geo Group had a return on equity of 7.42% and a net margin of 9.41%.The company’s revenue was up 13.1% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. As a group, equities research analysts expect that Geo Group Inc will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GEO shares. Wall Street Zen raised Geo Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Jones Trading cut their price target on Geo Group from $50.00 to $37.00 and set a “buy” rating for the company in a report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Geo Group in a report on Monday, December 29th. Finally, Zacks Research upgraded shares of Geo Group from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Geo Group Profile

The GEO Group (NYSE:GEO) is a leading provider of correctional, detention and community reentry services to government agencies around the world. As a real estate investment trust, the company specializes in the design, financing, development and operation of secure facilities for adult and juvenile offenders, immigration detainees and individuals requiring mental health treatment or substance abuse programming. GEO’s integrated service model also encompasses electronic monitoring, rehabilitative programming and post-release supervision aimed at reducing recidivism and enhancing public safety.

GEO’s portfolio spans a range of facility types, including medium- and maximum-security correctional institutions, residential reentry centers, mental health treatment units and immigration detention centers.