Geo Group Inc (The) $GEO Stock Holdings Increased by AlphaQuest LLC

AlphaQuest LLC lifted its stake in Geo Group Inc (The) (NYSE:GEO) by 26.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,562 shares of the real estate investment trust’s stock after purchasing an additional 3,722 shares during the quarter. AlphaQuest LLC’s holdings in Geo Group were worth $421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Sciencast Management LP purchased a new stake in shares of Geo Group in the first quarter worth approximately $489,000. Intech Investment Management LLC raised its position in Geo Group by 53.9% during 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. Hodges Capital Management Inc. raised its position in Geo Group by 61.6% during the first quarter. Hodges Capital Management Inc. now owns 283,614 shares of the real estate investment trust’s stock valued at $8,284,000 after acquiring an additional 108,114 shares in the last quarter. Tectonic Advisors LLC bought a new position in Geo Group during the second quarter valued at approximately $583,000. Finally, Anson Funds Management LP bought a new position in Geo Group during the first quarter valued at approximately $1,668,000. 76.10% of the stock is owned by hedge funds and other institutional investors.

Geo Group Trading Down 0.1%

Shares of GEO stock opened at $16.67 on Thursday. Geo Group Inc has a 12 month low of $13.59 and a 12 month high of $36.46. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.07. The business’s 50 day moving average is $19.86 and its two-hundred day moving average is $23.83. The company has a market cap of $2.36 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 1.87 and a beta of 0.75.

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

Geo Group declared that its Board of Directors has approved a stock repurchase 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 reacquire up to 8.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

GEO has been the topic of several recent research reports. Jones Trading cut their price objective on shares of Geo Group from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Wall Street Zen raised shares of Geo Group from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Geo Group in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.