South Dakota Investment Council Sells 4,200 Shares of Geo Group Inc (The) (GEO)

South Dakota Investment Council cut its holdings in shares of Geo Group Inc (The) (NYSE:GEO) by 21.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,300 shares of the real estate investment trust’s stock after selling 4,200 shares during the period. South Dakota Investment Council’s holdings in Geo Group Inc (The) were worth $452,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Utah Retirement Systems increased its position in shares of Geo Group Inc (The) by 1.3% during the first quarter. Utah Retirement Systems now owns 8,085 shares of the real estate investment trust’s stock worth $375,000 after acquiring an additional 100 shares in the last quarter. Amalgamated Bank increased its position in shares of Geo Group Inc (The) by 4.9% during the first quarter. Amalgamated Bank now owns 10,494 shares of the real estate investment trust’s stock worth $487,000 after acquiring an additional 490 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Geo Group Inc (The) by 0.3% during the first quarter. Asset Management One Co. Ltd. now owns 176,646 shares of the real estate investment trust’s stock worth $8,173,000 after acquiring an additional 526 shares in the last quarter. Sigma Planning Corp increased its position in shares of Geo Group Inc (The) by 6.8% during the second quarter. Sigma Planning Corp now owns 9,338 shares of the real estate investment trust’s stock worth $276,000 after acquiring an additional 591 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Geo Group Inc (The) by 0.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 75,002 shares of the real estate investment trust’s stock worth $3,478,000 after acquiring an additional 664 shares in the last quarter. 93.85% of the stock is owned by institutional investors.

Shares of Geo Group Inc (NYSE:GEO) opened at 26.61 on Friday. The company has a market capitalization of $3.25 billion, a P/E ratio of 18.66 and a beta of 1.53. The firm has a 50-day moving average of $26.91 and a 200-day moving average of $29.92. Geo Group Inc has a 12 month low of $15.07 and a 12 month high of $34.32.

Geo Group Inc (The) (NYSE:GEO) last released its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.15). The firm had revenue of $570.10 million for the quarter, compared to the consensus estimate of $584.69 million. Geo Group Inc (The) had a net margin of 7.32% and a return on equity of 15.84%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. On average, equities analysts predict that Geo Group Inc will post $1.27 earnings per share for the current year.

GEO has been the subject of several recent research reports. Canaccord Genuity boosted their target price on shares of Geo Group Inc (The) to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, May 30th. ValuEngine raised shares of Geo Group Inc (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub downgraded shares of Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Zacks Investment Research raised shares of Geo Group Inc (The) from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a research report on Tuesday, July 4th. Finally, J P Morgan Chase & Co initiated coverage on shares of Geo Group Inc (The) in a research report on Friday, July 14th. They set an “overweight” rating and a $35.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Geo Group Inc (The) presently has a consensus rating of “Hold” and an average price target of $33.83.

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In other Geo Group Inc (The) news, Director Norman A. Carlson sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $25.77, for a total transaction of $257,700.00. Following the completion of the sale, the director now directly owns 39,779 shares in the company, valued at approximately $1,025,104.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Anne N. Foreman sold 17,340 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $26.67, for a total transaction of $462,457.80. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.

Geo Group Inc (The) Company Profile

The GEO Group, Inc is a real estate investment trust (REIT) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.

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Institutional Ownership by Quarter for Geo Group Inc (The) (NYSE:GEO)

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