Intech Investment Management LLC Reduces Position in Geo Group Inc (The) $GEO

Intech Investment Management LLC reduced its position in Geo Group Inc (The) (NYSE:GEO) by 17.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,690 shares of the real estate investment trust’s stock after selling 22,793 shares during the quarter. Intech Investment Management LLC owned about 0.07% of Geo Group worth $2,507,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Covestor Ltd raised its position in 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 purchasing an additional 438 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Geo Group by 2.5% during the second quarter. Envestnet Asset Management Inc. now owns 18,056 shares of the real estate investment trust’s stock valued at $432,000 after buying an additional 441 shares during the period. RoundAngle Advisors LLC lifted its holdings in shares of Geo Group by 1.5% during the second quarter. RoundAngle Advisors LLC now owns 35,120 shares of the real estate investment trust’s stock valued at $841,000 after purchasing an additional 509 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Geo Group by 2.8% during the first quarter. Hsbc Holdings PLC now owns 19,208 shares of the real estate investment trust’s stock valued at $560,000 after buying an additional 520 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of Geo Group by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 64,700 shares of the real estate investment trust’s stock worth $1,550,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GEO shares. Weiss Ratings restated a “hold (c-)” rating on shares of Geo Group in a research note on Friday, October 31st. Zacks Research cut Geo Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Wall Street Zen upgraded shares of Geo Group from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Jones Trading cut their price target on Geo Group from $50.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $35.00.

Geo Group Stock Performance

NYSE GEO opened at $14.91 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.90 and a quick ratio of 0.90. Geo Group Inc has a 1-year low of $14.27 and a 1-year high of $36.46. The business has a 50 day simple moving average of $18.24 and a two-hundred day simple moving average of $22.31. The stock has a market capitalization of $2.07 billion, a PE ratio of 22.93, a P/E/G ratio of 1.87 and a beta of 0.68.

Geo Group (NYSE:GEO) last issued its quarterly earnings data on Wednesday, September 28th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter. The business had revenue of $565.42 million for 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. On average, research analysts predict that Geo Group Inc will post 0.83 EPS for the current fiscal year.

Geo Group declared that its Board of Directors has approved a share repurchase 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 repurchase up to 8.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

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.