Virtu KCG Holdings LLC boosted its position in Geo Group Inc (The) (NYSE:GEO) by 252.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,242 shares of the real estate investment trust’s stock after purchasing an additional 10,917 shares during the period. Virtu KCG Holdings LLC’s holdings in Geo Group Inc (The) were worth $451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GEO. BlackRock Inc. lifted its stake in Geo Group Inc (The) by 134,562.9% in the first quarter. BlackRock Inc. now owns 9,056,079 shares of the real estate investment trust’s stock worth $419,932,000 after purchasing an additional 9,049,354 shares during the last quarter. Vanguard Group Inc. lifted its stake in Geo Group Inc (The) by 59.9% in the second quarter. Vanguard Group Inc. now owns 22,564,533 shares of the real estate investment trust’s stock worth $667,233,000 after purchasing an additional 8,454,008 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Geo Group Inc (The) by 82.8% in the second quarter. Daiwa Securities Group Inc. now owns 4,360,526 shares of the real estate investment trust’s stock worth $128,941,000 after purchasing an additional 1,975,389 shares during the last quarter. Artemis Investment Management LLP lifted its stake in Geo Group Inc (The) by 96.0% in the second quarter. Artemis Investment Management LLP now owns 3,022,274 shares of the real estate investment trust’s stock worth $89,325,000 after purchasing an additional 1,480,619 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in Geo Group Inc (The) by 70.4% in the second quarter. Prudential Financial Inc. now owns 3,427,207 shares of the real estate investment trust’s stock worth $101,342,000 after purchasing an additional 1,416,097 shares during the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Shares of Geo Group Inc (NYSE:GEO) opened at 26.22 on Friday. Geo Group Inc has a 52 week low of $15.27 and a 52 week high of $34.32. The company has a market cap of $3.20 billion, a P/E ratio of 18.39 and a beta of 1.52. The firm has a 50-day moving average of $26.47 and a 200 day moving average of $29.37.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Monday, October 23rd will be issued a $0.47 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.88 annualized dividend and a yield of 7.17%. Geo Group Inc (The)’s payout ratio is 131.16%.

In other news, Director Norman A. Carlson sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $25.77, for a total value of $257,700.00. Following the transaction, the director now directly owns 39,779 shares in the company, valued at approximately $1,025,104.83. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anne N. Foreman sold 17,340 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was 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. Corporate insiders own 2.40% of the company’s stock.

Several analysts have issued reports on GEO shares. ValuEngine downgraded shares of Geo Group Inc (The) from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 22nd. Canaccord Genuity set a $35.00 price objective on shares of Geo Group Inc (The) and gave the stock a “buy” rating in a research note on Monday, August 7th. Zacks Investment Research downgraded shares of Geo Group Inc (The) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. J P Morgan Chase & Co started coverage on shares of Geo Group Inc (The) in a research note on Friday, July 14th. They issued an “overweight” rating and a $35.00 price objective for the company. Finally, BidaskClub downgraded shares of Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Geo Group Inc (The) presently has a consensus rating of “Hold” and a consensus target price of $33.83.

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About Geo Group Inc (The)

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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