Geo Group Inc (The) $GEO Shares Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC raised its stake in Geo Group Inc (The) (NYSE:GEO) by 133.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,923 shares of the real estate investment trust’s stock after acquiring an additional 32,572 shares during the quarter. Tectonic Advisors LLC’s holdings in Geo Group were worth $1,166,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Geo Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 75,766 shares of the real estate investment trust’s stock valued at $2,213,000 after purchasing an additional 3,309 shares during the period. NewEdge Advisors LLC increased its holdings in Geo Group by 81.9% in the first quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 839 shares in the last quarter. Sciencast Management LP acquired a new position in shares of Geo Group in the first quarter worth about $489,000. Caxton Associates LLP acquired a new position in shares of Geo Group in the first quarter worth about $1,354,000. Finally, United Services Automobile Association purchased a new stake in shares of Geo Group during the 1st quarter worth about $260,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Geo Group Trading Down 1.3%

Shares of Geo Group stock opened at $15.92 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.02. Geo Group Inc has a twelve month low of $14.27 and a twelve month high of $36.46. The firm has a market capitalization of $2.22 billion, a PE ratio of 9.36 and a beta of 0.70. The firm’s 50-day moving average price is $16.09 and its 200 day moving average price is $19.98.

Geo Group (NYSE:GEO) last announced its earnings results on Wednesday, September 28th. The real estate investment trust reported $0.41 EPS for the quarter. The business had revenue of $565.42 million during the quarter. Geo Group had a return on equity of 7.42% and a net margin of 9.41%.Geo Group has set its FY22 guidance at $2.40-2.46 EPS. On average, sell-side analysts predict that Geo Group Inc will post 0.83 EPS for the current fiscal year.

Analyst Ratings Changes

GEO has been the subject of several recent analyst reports. Wall Street Zen upgraded Geo Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Geo Group in a report on Monday. Zacks Research downgraded Geo Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Finally, Jones Trading decreased their target price on Geo Group from $50.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Geo Group has an average rating of “Hold” and an average price target of $35.00.

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.