484,100 Shares in Geo Group Inc (The) $GEO Bought by Philadelphia Financial Management of San Francisco LLC

Philadelphia Financial Management of San Francisco LLC bought a new stake in Geo Group Inc (The) (NYSE:GEO) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 484,100 shares of the real estate investment trust’s stock, valued at approximately $14,305,155,000. Geo Group accounts for about 2.9% of Philadelphia Financial Management of San Francisco LLC’s portfolio, making the stock its 6th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. boosted its position in shares of Geo Group by 245.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,101 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 782 shares in the last quarter. Global Retirement Partners LLC acquired a new position in Geo Group during the second quarter worth about $34,000. Bessemer Group Inc. lifted its holdings in shares of Geo Group by 111.9% in the first quarter. Bessemer Group Inc. now owns 1,723 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 910 shares in the last quarter. IFP Advisors Inc acquired a new stake in shares of Geo Group in the fourth quarter valued at approximately $30,000. Finally, NewEdge Advisors LLC increased its stake 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 worth $54,000 after purchasing an additional 839 shares in the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GEO shares. Weiss Ratings upgraded Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. Wall Street Zen downgraded Geo Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. UBS Group restated an “outperform” rating on shares of Geo Group in a research report on Monday, August 10th. Northland Securities lifted their price objective on Geo Group from $30.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, June 26th. Finally, Zacks Research raised shares of Geo Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $40.00.

Geo Group Trading Up 1.8%

Shares of Geo Group stock opened at $32.73 on Thursday. The firm has a market cap of $4.31 billion, a PE ratio of 15.44, a P/E/G ratio of 1.76 and a beta of 0.79. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.00. Geo Group Inc has a fifty-two week low of $12.51 and a fifty-two week high of $33.15. The business’s fifty day moving average is $30.55 and its two-hundred day moving average is $23.10.

Geo Group (NYSE:GEO) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. The firm had revenue of $732.07 million for the quarter, compared to analyst estimates of $721.43 million. Geo Group had a return on equity of 10.42% and a net margin of 10.31%.The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the company earned $0.22 EPS. Analysts anticipate that Geo Group Inc will post 1.31 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Ronald A. Brack sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $32.00, for a total transaction of $224,000.00. Following the completion of the transaction, the insider owned 71,614 shares of the company’s stock, valued at approximately $2,291,648. This represents a 8.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Matthew Albence sold 10,000 shares of Geo Group stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $31.69, for a total transaction of $316,900.00. Following the completion of the transaction, the vice president owned 99,399 shares in the company, valued at approximately $3,149,954.31. This trade represents a 9.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.98% of the stock is currently owned by insiders.

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.