Deprince Race & Zollo Inc. Has $28.53 Million Holdings in The GEO Group Inc (GEO)

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Deprince Race & Zollo Inc. boosted its position in shares of The GEO Group Inc (NYSE:GEO) by 24.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,448,175 shares of the real estate investment trust’s stock after acquiring an additional 286,024 shares during the quarter. The GEO Group accounts for approximately 0.8% of Deprince Race & Zollo Inc.’s investment portfolio, making the stock its 29th biggest holding. Deprince Race & Zollo Inc. owned approximately 1.19% of The GEO Group worth $28,529,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GEO. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of The GEO Group by 11.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,455 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 882 shares during the period. Quantamental Technologies LLC bought a new position in shares of The GEO Group in the fourth quarter valued at about $188,000. Creative Planning bought a new position in shares of The GEO Group in the third quarter valued at about $204,000. Jane Street Group LLC bought a new position in shares of The GEO Group in the second quarter valued at about $206,000. Finally, Dimensional Fund Advisors LP bought a new position in shares of The GEO Group in the second quarter valued at about $221,000. 88.51% of the stock is currently owned by hedge funds and other institutional investors.

In other The GEO Group news, CEO George C. Zoley purchased 120,240 shares of the stock in a transaction that occurred on Monday, November 12th. The shares were acquired at an average cost of $22.45 per share, with a total value of $2,699,388.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George C. Zoley purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, November 21st. The shares were acquired at an average cost of $22.33 per share, for a total transaction of $1,116,500.00. Following the completion of the transaction, the chief executive officer now owns 1,750,000 shares of the company’s stock, valued at approximately $39,077,500. The disclosure for this purchase can be found here. 36.50% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on GEO shares. Zacks Investment Research raised shares of The GEO Group from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, November 13th. ValuEngine raised shares of The GEO Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. Finally, Wells Fargo & Co set a $25.00 price objective on shares of The GEO Group and gave the company a “hold” rating in a research report on Wednesday, November 28th.

NYSE:GEO opened at $22.43 on Thursday. The GEO Group Inc has a 52 week low of $18.43 and a 52 week high of $28.06. The stock has a market cap of $2.73 billion, a P/E ratio of 8.80, a price-to-earnings-growth ratio of 1.81 and a beta of 1.35. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.85 and a current ratio of 0.85.

The GEO Group (NYSE:GEO) last released its quarterly earnings results on Wednesday, November 7th. The real estate investment trust reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.19). The GEO Group had a return on equity of 14.63% and a net margin of 6.43%. The business had revenue of $583.53 million for the quarter, compared to the consensus estimate of $588.32 million. During the same period in the prior year, the business posted $0.63 earnings per share. The GEO Group’s revenue was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that The GEO Group Inc will post 1.95 earnings per share for the current year.

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About The GEO Group

The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of correctional, detention, and community reentry facilities around the globe. GEO is the world's leading provider of diversified correctional, detention, community reentry, and electronic monitoring services to government agencies worldwide with operations in the United States, Australia, South Africa, and the United Kingdom.

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Institutional Ownership by Quarter for The GEO Group (NYSE:GEO)

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