Allianz Asset Management GmbH Sells 81,464 Shares of Geo Group Inc (The) $GEO

Allianz Asset Management GmbH cut its position in Geo Group Inc (The) (NYSE:GEO) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,190,080 shares of the real estate investment trust’s stock after selling 81,464 shares during the quarter. Allianz Asset Management GmbH owned about 0.84% of Geo Group worth $24,385,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its stake in Geo Group by 245.1% in the second quarter. Geneos Wealth Management Inc. now owns 1,101 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 782 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Geo Group by 81.9% in the 1st 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 holdings in shares of Geo Group by 18.9% in the 3rd quarter. Covestor Ltd now owns 3,887 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 617 shares during the period. Militia Capital Partners LP lifted its stake in Geo Group by 122.6% in the 2nd quarter. Militia Capital Partners LP now owns 6,900 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 3,800 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Geo Group during the second quarter worth about $202,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wall Street Zen upgraded Geo Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Geo Group in a report on Monday, December 29th. Zacks Research upgraded Geo Group from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Finally, Jones Trading reduced their price objective on shares of Geo Group from $50.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Geo Group Stock Up 2.6%

NYSE GEO opened at $15.89 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.02. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 9.35 and a beta of 0.73. The company has a 50 day moving average of $16.68 and a 200-day moving average of $18.60. Geo Group Inc has a 1-year low of $14.27 and a 1-year high of $32.09.

Geo Group (NYSE:GEO) last posted its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $682.34 million for the quarter, compared to analyst estimates of $665.81 million. Geo Group had a return on equity of 7.42% and a net margin of 9.41%.The company’s revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the company earned $0.21 EPS. On average, equities research analysts expect that Geo Group Inc will post 0.83 earnings per share for the current fiscal year.

Geo Group Profile

The GEO Group (NYSE:GEO) is a leading provider of correctional, detention and community reentry services to government agencies around the world. As a real estate investment trust, the company specializes in the design, financing, development and operation of secure facilities for adult and juvenile offenders, immigration detainees and individuals requiring mental health treatment or substance abuse programming. GEO’s integrated service model also encompasses electronic monitoring, rehabilitative programming and post-release supervision aimed at reducing recidivism and enhancing public safety.

GEO’s portfolio spans a range of facility types, including medium- and maximum-security correctional institutions, residential reentry centers, mental health treatment units and immigration detention centers.