Segall Bryant & Hamill LLC Has $20.99 Million Holdings in The GEO Group Inc (GEO)

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Segall Bryant & Hamill LLC raised its stake in shares of The GEO Group Inc (NYSE:GEO) by 6.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,065,346 shares of the real estate investment trust’s stock after purchasing an additional 68,395 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.87% of The GEO Group worth $20,987,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund boosted its stake in shares of The GEO Group by 1,851.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 949,816 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 901,137 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of The GEO Group by 24.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,710,553 shares of the real estate investment trust’s stock worth $93,358,000 after buying an additional 735,209 shares during the last quarter. WINTON GROUP Ltd boosted its stake in shares of The GEO Group by 1,204.0% in the 4th quarter. WINTON GROUP Ltd now owns 610,019 shares of the real estate investment trust’s stock worth $12,017,000 after buying an additional 563,239 shares during the last quarter. Nordea Investment Management AB purchased a new position in shares of The GEO Group in the 3rd quarter worth approximately $12,547,000. Finally, BlackRock Inc. boosted its stake in shares of The GEO Group by 3.5% in the 3rd quarter. BlackRock Inc. now owns 14,592,783 shares of the real estate investment trust’s stock worth $367,156,000 after buying an additional 495,380 shares during the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

NYSE:GEO opened at $19.00 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $2.29 billion, a P/E ratio of 7.69, a P/E/G ratio of 1.62 and a beta of 1.49. The GEO Group Inc has a 12 month low of $18.43 and a 12 month high of $28.06.

The GEO Group (NYSE:GEO) last posted its quarterly earnings results on Thursday, February 14th. The real estate investment trust reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.24). The company had revenue of $599.43 million during the quarter, compared to the consensus estimate of $588.94 million. The GEO Group had a return on equity of 13.94% and a net margin of 6.22%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $0.38 EPS. As a group, sell-side analysts expect that The GEO Group Inc will post 1.97 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 22nd. Investors of record on Friday, February 15th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.11%. The ex-dividend date of this dividend was Thursday, February 14th. This is a boost from The GEO Group’s previous quarterly dividend of $0.47. The GEO Group’s payout ratio is 77.73%.

A number of brokerages have recently weighed in on GEO. Zacks Investment Research upgraded The GEO Group from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Monday, February 11th. Wells Fargo & Co set a $25.00 target price on The GEO Group and gave the stock a “hold” rating in a research note on Wednesday, November 28th. JPMorgan Chase & Co. downgraded The GEO Group from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $27.00 to $26.00 in a research note on Friday, February 15th. Finally, ValuEngine raised shares of The GEO Group from a “sell” rating to a “hold” rating in a report on Monday, February 4th.

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The GEO Group Profile

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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