Louisiana State Employees Retirement System Raises Position in Geo Group Inc (The) $GEO

Louisiana State Employees Retirement System raised its stake in shares of Geo Group Inc (The) (NYSE:GEO) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,700 shares of the real estate investment trust’s stock after purchasing an additional 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Geo Group were worth $1,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GEO. Twin Tree Management LP purchased a new stake in Geo Group during the first quarter valued at approximately $39,000. NewEdge Advisors LLC raised its position in 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 purchasing an additional 839 shares during the period. Covestor Ltd raised its position in 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 purchasing an additional 438 shares during the period. Militia Capital Partners LP purchased a new stake in Geo Group during the first quarter valued at approximately $91,000. Finally, Alamea Verwaltungs GmbH purchased a new stake in shares of Geo Group in the first quarter worth approximately $203,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Geo Group Stock Down 2.9%

Shares of NYSE GEO opened at $17.71 on Monday. 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 has a market capitalization of $2.51 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 1.98 and a beta of 0.75. The stock’s fifty day simple moving average is $21.10 and its two-hundred day simple moving average is $24.85. Geo Group Inc has a 12-month low of $13.59 and a 12-month high of $36.46.

Geo Group (NYSE:GEO) last posted its quarterly earnings data on Wednesday, September 28th. The real estate investment trust reported $0.41 earnings per share for the quarter. The firm had revenue of $565.42 million during the quarter. Geo Group had a return on equity of 7.26% and a net margin of 3.69%. Geo Group has set its FY22 guidance at $2.40-2.46 EPS. As a group, analysts expect that Geo Group Inc will post 0.83 EPS for the current fiscal year.

Geo Group announced that its board has authorized a share buyback program on Wednesday, August 6th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the real estate investment trust to buy up to 8.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wedbush reiterated an “outperform” rating and issued a $36.00 price target on shares of Geo Group in a report on Monday, June 23rd. Wall Street Zen upgraded Geo Group from a “hold” rating to a “buy” rating in a report on Saturday. Jones Trading reduced their price target on Geo Group from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, August 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Geo Group in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Geo Group has a consensus rating of “Moderate Buy” and an average target price of $37.00.

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.