77,358 Shares in Geo Group Inc (The) $GEO Acquired by Harber Asset Management LLC

Harber Asset Management LLC purchased a new position in Geo Group Inc (The) (NYSE:GEO) during the second quarter, Holdings Channel reports. The fund purchased 77,358 shares of the real estate investment trust’s stock, valued at approximately $2,286,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its stake in shares of Geo Group by 245.1% during the second quarter. Geneos Wealth Management Inc. now owns 1,101 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 782 shares during the period. Bessemer Group Inc. grew its holdings in shares of Geo Group by 111.9% in the first quarter. Bessemer Group Inc. now owns 1,723 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 910 shares during the last quarter. IFP Advisors Inc purchased a new position in shares of Geo Group in the fourth quarter worth $30,000. Global Retirement Partners LLC purchased a new position in shares of Geo Group in the second quarter worth $34,000. Finally, Bayforest Capital Ltd bought a new stake in Geo Group during the 4th quarter valued at $37,000. Institutional investors own 76.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Zacks Research raised shares of Geo Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Noble Financial restated an “outperform” rating on shares of Geo Group in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. JonesTrading upped their price objective on shares of Geo Group from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, 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 report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Geo Group has an average rating of “Buy” and an average target price of $40.00.

Geo Group Stock Performance

Shares of GEO stock opened at $32.80 on Friday. The stock has a fifty day moving average of $30.32 and a 200 day moving average of $22.70. Geo Group Inc has a 52 week low of $12.51 and a 52 week high of $32.92. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 1.73 and a beta of 0.79. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.00.

Geo Group (NYSE:GEO) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. Geo Group had a net margin of 10.31% and a return on equity of 10.42%. The business had revenue of $732.07 million for the quarter, compared to the consensus estimate of $721.43 million. During the same period in the previous year, the firm earned $0.22 EPS. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. As a group, research analysts expect that Geo Group Inc will post 1.31 earnings per share for the current year.

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.