FNY Investment Advisers LLC Cuts Position in Geo Group Inc (The) $GEO

FNY Investment Advisers LLC decreased its holdings in Geo Group Inc (The) (NYSE:GEO) by 81.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,801 shares of the real estate investment trust’s stock after selling 12,199 shares during the period. FNY Investment Advisers LLC’s holdings in Geo Group were worth $67,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Sciencast Management LP purchased a new position in Geo Group in the first quarter valued at approximately $489,000. Intech Investment Management LLC raised its holdings in Geo Group by 53.9% in 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 buying an additional 44,649 shares during the period. Hodges Capital Management Inc. raised its holdings in Geo Group by 61.6% in 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 buying an additional 108,114 shares during the period. Tectonic Advisors LLC purchased a new position in Geo Group in the second quarter valued at approximately $583,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Geo Group in the first quarter valued at approximately $296,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Geo Group Stock Up 1.5%

GEO stock opened at $17.34 on Friday. Geo Group Inc has a twelve month low of $13.59 and a twelve month high of $36.46. 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 company has a market capitalization of $2.45 billion, a P/E ratio of 26.68, a PEG ratio of 1.91 and a beta of 0.75. The firm has a 50 day simple moving average of $20.22 and a 200-day simple moving average of $24.18.

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 net margin of 3.69% and a return on equity of 7.26%. The business had revenue of $565.42 million during the quarter. Geo Group has set its FY22 guidance at $2.40-2.46 EPS. On average, equities research analysts predict that Geo Group Inc will post 0.83 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on GEO shares. Weiss Ratings restated a “hold (c)” rating on shares of Geo Group in a report on Wednesday, October 8th. Jones Trading lowered their price objective 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. Finally, Wall Street Zen raised shares of Geo Group from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Geo Group has a consensus rating of “Moderate Buy” and an average price target 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.