Two Sigma Securities LLC Invests $568,000 in Geo Group Inc (The) $GEO

Two Sigma Securities LLC purchased a new stake in shares of Geo Group Inc (The) (NYSE:GEO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 19,209 shares of the real estate investment trust’s stock, valued at approximately $568,000.

Several other hedge funds have also recently bought and sold shares of GEO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Geo Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 75,766 shares of the real estate investment trust’s stock worth $2,213,000 after acquiring an additional 3,309 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Geo Group by 81.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 839 shares during the period. United Services Automobile Association acquired a new position in shares of Geo Group in the 1st quarter valued at about $260,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Geo Group by 168.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 284,975 shares of the real estate investment trust’s stock worth $8,324,000 after purchasing an additional 178,622 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Geo Group by 4.2% in the second quarter. Invesco Ltd. now owns 1,308,817 shares of the real estate investment trust’s stock worth $31,346,000 after purchasing an additional 52,623 shares in the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on GEO shares. Wall Street Zen downgraded shares of Geo Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Northland Securities increased their target price on shares of Geo Group from $30.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, June 26th. JonesTrading increased their target price on shares of Geo Group from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Zacks Research raised shares of Geo Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Finally, UBS Group restated an “outperform” rating on shares of Geo Group in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $40.00.

Geo Group Price Performance

Shares of NYSE:GEO opened at $30.40 on Wednesday. The stock has a market capitalization of $4.00 billion, a P/E ratio of 14.34, a P/E/G ratio of 1.74 and a beta of 0.78. The business has a 50-day moving average of $30.73 and a two-hundred day moving average of $23.55. Geo Group Inc has a fifty-two week low of $12.51 and a fifty-two week high of $33.15. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.65 and a quick ratio of 1.65.

Geo Group (NYSE:GEO) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. Geo Group had a return on equity of 10.42% and a net margin of 10.31%.The business had revenue of $732.07 million for the quarter, compared to analyst estimates of $721.43 million. During the same quarter in the prior year, the firm posted $0.22 EPS. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, equities research analysts predict that Geo Group Inc will post 1.31 EPS for the current fiscal year.

Insider Activity at Geo Group

In other Geo Group news, VP Matthew Albence sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $31.69, for a total transaction of $316,900.00. Following the transaction, the vice president owned 99,399 shares in the company, valued at $3,149,954.31. This trade represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ronald A. Brack sold 7,000 shares of Geo Group stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $32.00, for a total transaction of $224,000.00. Following the completion of the transaction, the insider directly owned 71,614 shares in the company, valued at approximately $2,291,648. This represents a 8.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 4.98% of the company’s stock.

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.