Arizona State Retirement System Reduces Stock Position in Geo Group Inc (The) (NYSE:GEO)

Arizona State Retirement System cut its position in Geo Group Inc (The) (NYSE:GEO) by 1.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,109 shares of the real estate investment trust’s stock after selling 428 shares during the quarter. Arizona State Retirement System’s holdings in Geo Group were worth $1,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Xponance Inc. grew its holdings in shares of Geo Group by 7.6% during the 1st quarter. Xponance Inc. now owns 10,120 shares of the real estate investment trust’s stock valued at $296,000 after purchasing an additional 712 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in Geo Group in the 1st quarter worth $515,000. Principal Financial Group Inc. grew its holdings in Geo Group by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 677,058 shares of the real estate investment trust’s stock worth $19,777,000 after acquiring an additional 17,605 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Geo Group by 114.0% in the 1st quarter. Teacher Retirement System of Texas now owns 242,989 shares of the real estate investment trust’s stock worth $7,098,000 after acquiring an additional 129,438 shares during the last quarter. Finally, RoundAngle Advisors LLC grew its holdings in Geo Group by 20.1% in the 1st quarter. RoundAngle Advisors LLC now owns 34,611 shares of the real estate investment trust’s stock worth $1,011,000 after acquiring an additional 5,791 shares during the last quarter. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Geo Group Trading Down 2.8%

Shares of GEO stock opened at $24.51 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 129.01, a PEG ratio of 2.66 and a beta of 0.71. Geo Group Inc has a 1 year low of $11.75 and a 1 year high of $36.46. The firm has a fifty day moving average price of $25.77 and a 200-day moving average price of $27.80.

Geo Group (NYSE:GEO) last posted its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). Geo Group had a return on equity of 7.36% and a net margin of 1.19%. The firm had revenue of $604.65 million during the quarter, compared to the consensus estimate of $611.81 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. As a group, equities analysts predict that Geo Group Inc will post 0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GEO. Jones Trading cut their target price on shares of Geo Group from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Wedbush reissued an “outperform” rating and set a $36.00 price target on shares of Geo Group in a research report on Monday, June 23rd. UBS Group set a $35.00 price target on shares of Geo Group in a research report on Monday, March 24th. Noble Financial reaffirmed an “outperform” rating on shares of Geo Group in a report on Monday, March 24th. Finally, Wall Street Zen raised shares of Geo Group from a “sell” rating to a “hold” rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $38.00.

Geo Group Profile

The GEO Group, Inc (NYSE: GEO) engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.