Jupiter Topco LLC Invests $1.53 Million in Geo Group Inc (The) $GEO

Jupiter Topco LLC purchased a new position in shares of Geo Group Inc (The) (NYSE:GEO) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 51,650 shares of the real estate investment trust’s stock, valued at approximately $1,527,000.

A number of other large investors have also recently modified their holdings of GEO. Geneos Wealth Management Inc. raised its holdings in shares of Geo Group by 245.1% in 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 acquiring an additional 782 shares in the last quarter. Bessemer Group Inc. grew its holdings in Geo Group by 111.9% during the 1st quarter. Bessemer Group Inc. now owns 1,723 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 910 shares in the last quarter. IFP Advisors Inc purchased a new position in Geo Group during the 4th quarter valued at about $30,000. Global Retirement Partners LLC purchased a new position in Geo Group during the 2nd quarter valued at about $34,000. Finally, NewEdge Advisors LLC raised 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 in the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on GEO shares. Northland Securities upped their target price on Geo Group from $30.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. UBS Group reissued an “outperform” rating on shares of Geo Group in a research report on Monday, August 10th. JonesTrading upped their price objective on Geo Group from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Finally, Noble Financial reissued an “outperform” rating on shares of Geo Group in a research report on Monday, August 10th. One equities 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 MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $40.00.

Insider Activity at Geo Group

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

Geo Group Price Performance

Shares of NYSE GEO opened at $31.80 on Friday. The firm has a market cap of $4.19 billion, a PE ratio of 15.00, a PEG ratio of 1.69 and a beta of 0.78. The firm has a fifty day moving average of $30.82 and a 200 day moving average of $23.84. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.65 and a current ratio of 1.65. Geo Group Inc has a one year low of $12.51 and a one year high of $33.15.

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