Geo Group Inc (The) $GEO Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its holdings in shares of Geo Group Inc (The) (NYSE:GEO) by 4.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 274,792 shares of the real estate investment trust’s stock after selling 13,681 shares during the period. Voya Investment Management LLC owned 0.19% of Geo Group worth $8,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in GEO. Sciencast Management LP purchased a new stake in shares of Geo Group during the 1st quarter worth approximately $489,000. Janus Henderson Group PLC raised its stake in Geo Group by 87.4% during the 4th quarter. Janus Henderson Group PLC now owns 100,370 shares of the real estate investment trust’s stock worth $2,809,000 after acquiring an additional 46,820 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Geo Group in the first quarter valued at $965,000. Intech Investment Management LLC boosted its stake in Geo Group by 53.9% in the first quarter. Intech Investment Management LLC now owns 127,483 shares of the real estate investment trust’s stock valued at $3,724,000 after acquiring an additional 44,649 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Geo Group by 3,023.7% during the first quarter. GAMMA Investing LLC now owns 254,740 shares of the real estate investment trust’s stock worth $7,441,000 after purchasing an additional 246,585 shares during the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Geo Group Trading Down 2.0%

NYSE:GEO opened at $21.61 on Thursday. Geo Group Inc has a 12-month low of $12.29 and a 12-month high of $36.46. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.07. The stock’s 50 day simple moving average is $22.76 and its 200-day simple moving average is $25.62. The firm has a market cap of $3.06 billion, a P/E ratio of 33.24, a PEG ratio of 2.47 and a beta of 0.75.

Geo Group (NYSE:GEO) last issued its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. The firm had revenue of $636.17 million during the quarter, compared to the consensus estimate of $621.55 million. Geo Group had a return on equity of 7.26% and a net margin of 3.69%.The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. Equities analysts anticipate that Geo Group Inc will post 0.83 EPS for the current year.

Geo Group declared that its Board of Directors has initiated a share repurchase program on Wednesday, August 6th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to purchase up to 8.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

GEO has been the topic of a number of research analyst reports. Wedbush reiterated an “outperform” rating and set a $36.00 target price on shares of Geo Group in a research report on Monday, June 23rd. Jones Trading cut their price target on Geo Group from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Geo Group currently has an average rating of “Buy” and a consensus price target of $37.00.

Geo Group Company 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.