QRG Capital Management Inc. Sells 4,684 Shares of Geo Group Inc (The) $GEO

QRG Capital Management Inc. lessened its holdings in Geo Group Inc (The) (NYSE:GEO) by 33.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,148 shares of the real estate investment trust’s stock after selling 4,684 shares during the quarter. QRG Capital Management Inc.’s holdings in Geo Group were worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Twin Tree Management LP bought a new position in Geo Group in the 1st quarter valued at $39,000. NewEdge Advisors LLC lifted its position in shares of Geo Group by 81.9% during the 1st 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. Covestor Ltd lifted its position in shares of Geo Group by 19.8% during the 1st 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. Militia Capital Partners LP purchased a new position in shares of Geo Group during the 1st quarter valued at $91,000. Finally, Alamea Verwaltungs GmbH purchased a new position in shares of Geo Group during the 1st quarter valued at $203,000. Institutional investors own 76.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GEO shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Geo Group in a research report on Wednesday, October 8th. Wall Street Zen raised Geo Group from a “hold” rating to a “buy” rating in a research report on Saturday. Wedbush reaffirmed an “outperform” rating and set a $36.00 price target on shares of Geo Group in a research report on Monday, June 23rd. Finally, Jones Trading dropped 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 analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

Geo Group Stock Performance

NYSE:GEO opened at $17.71 on Monday. The business’s 50-day moving average price is $21.10 and its two-hundred day moving average price is $24.85. Geo Group Inc has a twelve month low of $13.59 and a twelve month high of $36.46. The stock has a market cap of $2.51 billion, a P/E ratio of 27.25, a PEG ratio of 1.98 and a beta of 0.75. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.07.

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

Geo Group announced that its board has authorized a stock repurchase plan on Wednesday, August 6th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to reacquire up to 8.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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.