WealthTrust Axiom LLC held its position in Geo Group Inc. (NYSE:GEO) during the second quarter, Holdings Channel reports. The fund owned 9,102 shares of the real estate investment trust’s stock at the end of the second quarter. WealthTrust Axiom LLC’s holdings in Geo Group were worth $311,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of GEO. Louisiana State Employees Retirement System increased its position in Geo Group by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 32,800 shares of the real estate investment trust’s stock worth $1,121,000 after buying an additional 100 shares in the last quarter. Bank of Montreal Can bought a new position in Geo Group during the second quarter worth $10,388,000. Sigma Planning Corp increased its position in Geo Group by 21.3% in the second quarter. Sigma Planning Corp now owns 24,693 shares of the real estate investment trust’s stock worth $844,000 after buying an additional 4,329 shares in the last quarter. Meeder Asset Management Inc. increased its position in Geo Group by 549.3% in the second quarter. Meeder Asset Management Inc. now owns 7,792 shares of the real estate investment trust’s stock worth $266,000 after buying an additional 6,592 shares in the last quarter. Finally, Parametrica Management Ltd bought a new position in Geo Group during the second quarter worth $206,000. Hedge funds and other institutional investors own 88.16% of the company’s stock.
Shares of Geo Group Inc. (NYSE:GEO) traded down 1.95% on Monday, hitting $24.62. The stock had a trading volume of 1,324,679 shares. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 13.24 and a beta of 0.97. Geo Group Inc. has a 52 week low of $16.26 and a 52 week high of $35.14. The company has a 50-day moving average of $24.63 and a 200 day moving average of $31.09.
Geo Group (NYSE:GEO) last announced its earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.73 EPS for the quarter, beating the consensus estimate of $0.71 by $0.02. Geo Group had a return on equity of 14.20% and a net margin of 6.80%. The company had revenue of $548.35 million for the quarter, compared to analyst estimates of $547.23 million. During the same quarter in the prior year, the company earned $0.63 EPS. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. On average, equities research analysts predict that Geo Group Inc. will post $2.89 EPS for the current year.
A number of research analysts have weighed in on the company. SunTrust Banks Inc. decreased their price target on Geo Group from $38.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, September 1st. Canaccord Genuity reduced their target price on Geo Group from $38.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, August 24th. TheStreet downgraded Geo Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 18th. Finally, Zacks Investment Research downgraded Geo Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 10th.
In other news, SVP Ann M. Schlarb purchased 1,500 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were acquired at an average cost of $19.51 per share, with a total value of $29,265.00. Following the purchase, the senior vice president now owns 11,464 shares in the company, valued at $223,662.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.20% of the company’s stock.
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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