Teacher Retirement System of Texas raised its position in shares of Geo Group Inc. (NYSE:GEO) by 13.8% during the second quarter, Holdings Channel reports. The firm owned 10,421 shares of the real estate investment trust’s stock after buying an additional 1,264 shares during the period. Teacher Retirement System of Texas’ holdings in Geo Group were worth $356,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. BlackRock Japan Co. Ltd increased its stake in Geo Group by 0.4% in the first quarter. BlackRock Japan Co. Ltd now owns 3,907 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 14 shares during the period. Independent Portfolio Consultants Inc. increased its stake in Geo Group by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,570 shares of the real estate investment trust’s stock worth $156,000 after buying an additional 15 shares during the period. Parametrica Management Ltd acquired a new stake in Geo Group during the second quarter worth about $206,000. Feltz Wealth PLAN Inc. acquired a new stake in Geo Group during the second quarter worth about $219,000. Finally, Fox Run Management L.L.C. acquired a new stake in Geo Group during the second quarter worth about $253,000. Institutional investors own 88.15% of the company’s stock.
Geo Group Inc. (NYSE:GEO) traded up 3.32% during trading on Wednesday, hitting $23.63. 119,535 shares of the company traded hands. The firm has a market capitalization of $1.75 billion, a P/E ratio of 12.71 and a beta of 0.85. Geo Group Inc. has a 12-month low of $16.26 and a 12-month high of $35.14. The stock has a 50-day moving average price of $22.69 and a 200-day moving average price of $30.42.
Geo Group (NYSE:GEO) last issued its quarterly earnings data on Tuesday, August 2nd. The real estate investment trust reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.02. The firm had revenue of $548.35 million for the quarter, compared to analyst estimates of $547.23 million. Geo Group had a return on equity of 14.20% and a net margin of 6.80%. The business’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period last year, the company earned $0.63 EPS. Equities analysts expect that Geo Group Inc. will post $2.89 EPS for the current fiscal year.
A number of research firms have recently issued reports on GEO. Canaccord Genuity lowered their price objective on shares of Geo Group from $38.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, August 24th. Zacks Investment Research cut shares of Geo Group from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. SunTrust Banks Inc. decreased their target price on shares of Geo Group from $38.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, September 1st. Finally, TheStreet cut shares of Geo Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 18th.
In other Geo Group news, SVP Ann M. Schlarb acquired 1,500 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were purchased at an average cost of $19.51 per share, for a total transaction of $29,265.00. Following the transaction, the senior vice president now owns 11,464 shares in the company, valued at $223,662.64. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.20% of the stock is owned by insiders.
About Geo Group
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.
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