Public Employees Retirement System of Ohio Has $82,000 Position in Geo Group Inc (The) $GEO

Public Employees Retirement System of Ohio lowered its stake in shares of Geo Group Inc (The) (NYSE:GEO) by 20.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,403 shares of the real estate investment trust’s stock after selling 873 shares during the period. Public Employees Retirement System of Ohio’s holdings in Geo Group were worth $82,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Twin Tree Management LP acquired a new position in shares of Geo Group during the first quarter valued at about $39,000. NewEdge Advisors LLC raised its position in shares of Geo Group by 81.9% during the first quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 839 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of Geo Group during the first quarter valued at about $58,000. Covestor Ltd raised its position in shares of Geo Group by 19.8% during the first quarter. Covestor Ltd now owns 2,653 shares of the real estate investment trust’s stock valued at $77,000 after buying an additional 438 shares during the last quarter. Finally, Militia Capital Partners LP acquired a new position in shares of Geo Group during the first quarter valued at about $91,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

Geo Group Price Performance

GEO opened at $18.87 on Wednesday. Geo Group Inc has a one year low of $13.36 and a one year high of $36.46. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.90 and a quick ratio of 0.90. The company’s 50 day simple moving average is $21.54 and its 200-day simple moving average is $25.12. The stock has a market capitalization of $2.67 billion, a P/E ratio of 29.04, a price-to-earnings-growth ratio of 2.17 and a beta of 0.75.

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

Geo Group announced that its board has approved a stock buyback plan on Wednesday, August 6th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 8.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Jones Trading dropped their price target on shares of Geo Group from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, August 7th. Wedbush reissued an “outperform” rating and issued a $36.00 price target on shares of Geo Group in a research report on Monday, June 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Geo Group in a research report on Saturday, September 27th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Geo Group has a consensus rating of “Moderate Buy” and an average target price 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.