Great Lakes Advisors LLC Invests $5.17 Million in Geo Group Inc (The) $GEO

Great Lakes Advisors LLC bought a new stake in Geo Group Inc (The) (NYSE:GEO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 174,947 shares of the real estate investment trust’s stock, valued at approximately $5,170,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GEO. Geneos Wealth Management Inc. boosted 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 in the last quarter. Bessemer Group Inc. increased its position in shares of Geo Group by 111.9% during the first quarter. Bessemer Group Inc. now owns 1,723 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 910 shares in the last quarter. IFP Advisors Inc acquired a new stake in shares of Geo Group during the fourth quarter worth about $30,000. Global Retirement Partners LLC purchased a new stake in shares of Geo Group in the 2nd quarter valued at about $34,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of Geo Group in the 4th quarter valued at about $37,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GEO. Noble Financial restated an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. Wall Street Zen cut Geo Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. JonesTrading increased their price objective on Geo Group from $33.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, August 6th. UBS Group restated an “outperform” rating on shares of Geo Group in a research report on Monday, August 10th. Finally, Northland Securities lifted their target price on shares of Geo Group from $30.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $40.00.

Geo Group Price Performance

Shares of GEO opened at $30.61 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.65 and a current ratio of 1.65. Geo Group Inc has a fifty-two week low of $12.51 and a fifty-two week high of $32.62. The firm has a 50-day simple moving average of $30.17 and a 200-day simple moving average of $22.52. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 1.69 and a beta of 0.79.

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

About Geo Group

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.