The GEO Group, Inc. (NYSE:GEO) Stock Position Boosted by WINTON GROUP Ltd

WINTON GROUP Ltd grew its stake in shares of The GEO Group, Inc. (NYSE:GEO) by 100.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,992 shares of the real estate investment trust’s stock after buying an additional 70,795 shares during the quarter. WINTON GROUP Ltd owned about 0.10% of The GEO Group worth $2,025,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. raised its holdings in The GEO Group by 399.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,852 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 3,081 shares in the last quarter. Tidemark LLC bought a new stake in shares of The GEO Group in the 4th quarter worth $71,000. Innealta Capital LLC acquired a new stake in shares of The GEO Group in the second quarter valued at $140,000. Avantax Advisory Services Inc. acquired a new stake in shares of The GEO Group in the fourth quarter valued at $114,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in The GEO Group by 568.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,326 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 9,632 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

The GEO Group Stock Performance

Shares of NYSE GEO opened at $12.96 on Monday. The stock’s fifty day simple moving average is $14.14 and its 200 day simple moving average is $13.98. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 1.39 and a beta of 0.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.36. The GEO Group, Inc. has a 52-week low of $7.25 and a 52-week high of $18.05.

The GEO Group (NYSE:GEO) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The GEO Group had a return on equity of 8.87% and a net margin of 1.92%. The company had revenue of $607.19 million during the quarter, compared to analysts’ expectations of $606.16 million. During the same period in the prior year, the business posted $0.24 EPS. As a group, sell-side analysts forecast that The GEO Group, Inc. will post 0.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GEO has been the subject of a number of research analyst reports. StockNews.com downgraded shares of The GEO Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Wedbush reissued an “outperform” rating and set a $19.00 target price on shares of The GEO Group in a research note on Wednesday, August 7th.

Insider Transactions at The GEO Group

In related news, EVP Shayn P. March sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $17.50, for a total value of $43,750.00. Following the completion of the sale, the executive vice president now owns 65,330 shares in the company, valued at approximately $1,143,275. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other The GEO Group news, Chairman George C. Zoley acquired 100,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was purchased at an average cost of $12.33 per share, for a total transaction of $1,233,000.00. Following the transaction, the chairman now owns 3,900,904 shares of the company’s stock, valued at approximately $48,098,146.32. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Shayn P. March sold 2,500 shares of The GEO Group stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $17.50, for a total value of $43,750.00. Following the transaction, the executive vice president now directly owns 65,330 shares in the company, valued at approximately $1,143,275. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by insiders.

The 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.