The GEO Group, Inc. (NYSE:GEO) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in The GEO Group, Inc. (NYSE:GEO) by 26.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,118 shares of the real estate investment trust’s stock after acquiring an additional 10,514 shares during the quarter. Janney Montgomery Scott LLC’s holdings in The GEO Group were worth $359,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Ahrens Investment Partners LLC purchased a new position in The GEO Group in the first quarter valued at approximately $34,000. Advisory Services Network LLC increased its stake in The GEO Group by 203.2% in the first quarter. Advisory Services Network LLC now owns 4,326 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 2,899 shares during the last quarter. Quarry LP purchased a new position in The GEO Group in the first quarter valued at approximately $35,000. Clear Street Markets LLC purchased a new position in The GEO Group in the fourth quarter valued at approximately $40,000. Finally, Captrust Financial Advisors purchased a new position in shares of The GEO Group during the second quarter worth approximately $44,000. Institutional investors and hedge funds own 74.60% of the company’s stock.

The GEO Group Stock Performance

NYSE:GEO opened at $8.96 on Thursday. The firm’s fifty day moving average price is $7.98 and its 200 day moving average price is $7.67. The GEO Group, Inc. has a 1-year low of $6.94 and a 1-year high of $12.44. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 9.63, a price-to-earnings-growth ratio of 1.01 and a beta of 0.66.

The GEO Group (NYSE:GEO) last posted its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The GEO Group had a net margin of 5.63% and a return on equity of 11.65%. The firm had revenue of $593.89 million for the quarter, compared to analyst estimates of $588.27 million. During the same period last year, the firm posted $0.69 EPS. On average, sell-side analysts expect that The GEO Group, Inc. will post 0.87 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GEO. StockNews.com began coverage on shares of The GEO Group in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Northland Securities began coverage on shares of The GEO Group in a research report on Monday, October 2nd. They set an “outperform” rating and a $14.00 target price on the stock. Finally, Wedbush raised their target price on shares of The GEO Group from $11.00 to $12.50 and gave the stock an “outperform” rating in a research report on Thursday, August 10th.

The GEO Group Profile

The GEO Group, Inc (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO's diversified services include enhanced in-custody rehabilitation and post-release support through the award-winning GEO Continuum of Care, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care.