First Dallas Securities Inc. Has $1.29 Million Position in Geo Group Inc (The) $GEO

First Dallas Securities Inc. increased its holdings in shares of Geo Group Inc (The) (NYSE:GEO) by 276.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 62,935 shares of the real estate investment trust’s stock after purchasing an additional 46,200 shares during the period. First Dallas Securities Inc.’s holdings in Geo Group were worth $1,290,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 worth $2,213,000 after buying an additional 3,309 shares during the period. NewEdge Advisors LLC grew its stake in shares of 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 worth $54,000 after acquiring an additional 839 shares during the last quarter. United Services Automobile Association bought a new position in Geo Group during the first quarter worth $260,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Geo Group by 168.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 284,975 shares of the real estate investment trust’s stock valued at $8,324,000 after purchasing an additional 178,622 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Geo Group by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 64,700 shares of the real estate investment trust’s stock valued at $1,550,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.

Geo Group Price Performance

NYSE:GEO opened at $15.89 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.62 and a current ratio of 1.62. The company has a 50-day moving average of $16.68 and a 200-day moving average of $18.56. Geo Group Inc has a 52 week low of $14.27 and a 52 week high of $32.09. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 9.35 and a beta of 0.73.

Geo Group (NYSE:GEO) last posted its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. The firm had revenue of $682.34 million during the quarter, compared to analyst estimates of $665.81 million. Geo Group had a net margin of 9.41% and a return on equity of 7.42%. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. As a group, equities research analysts anticipate that Geo Group Inc will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on GEO shares. Jones Trading decreased their price target on shares of Geo Group from $50.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Geo Group in a research note on Monday, December 29th. Wall Street Zen raised Geo Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Finally, Zacks Research raised Geo Group from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Geo Group Company 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.