UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in Geo Group Inc (The) $GEO

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Geo Group Inc (The) (NYSE:GEO) by 5,260.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 200,479 shares of the real estate investment trust’s stock after buying an additional 196,739 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Geo Group were worth $5,924,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new stake in shares of Geo Group in the 2nd quarter worth $126,000. Corient Private Wealth LP bought a new position in shares of Geo Group during the second quarter valued at $281,000. Park West Asset Management LLC purchased a new stake in shares of Geo Group during the second quarter valued at $22,461,000. Pentwater Capital Management LP purchased a new stake in shares of Geo Group during the second quarter valued at $312,698,000. Finally, Philadelphia Financial Management of San Francisco LLC bought a new stake in Geo Group in the 2nd quarter worth about $14,305,155. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GEO has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Geo Group in a research note on Friday. Noble Financial restated an “outperform” rating on shares of Geo Group in a research report on Monday, August 10th. JonesTrading lifted their target price on shares of Geo Group from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen lowered shares of Geo Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Northland Securities raised their price target on Geo Group from $30.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, June 26th. One investment 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 MarketBeat, Geo Group presently has an average rating of “Buy” and an average price target of $40.00.

Geo Group Stock Performance

GEO opened at $31.96 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.00. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 1.74 and a beta of 0.78. The company’s 50 day moving average is $30.91 and its 200 day moving average is $24.15. Geo Group Inc has a 12-month low of $12.51 and a 12-month high of $33.15.

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

Insider Buying and Selling at Geo Group

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

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.