CenterBook Partners LP Acquires 67,298 Shares of Geo Group Inc (The) $GEO

CenterBook Partners LP grew its holdings in shares of Geo Group Inc (The) (NYSE:GEO) by 181.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 104,432 shares of the real estate investment trust’s stock after buying an additional 67,298 shares during the period. CenterBook Partners LP’s holdings in Geo Group were worth $3,182,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Geo Group in the second quarter worth approximately $570,744,000. Pentwater Capital Management LP purchased a new position in Geo Group during the 2nd quarter valued at $312,698,000. Assenagon Asset Management S.A. boosted its holdings in Geo Group by 141.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,895,780 shares of the real estate investment trust’s stock valued at $118,704,000 after acquiring an additional 2,284,770 shares during the period. Hsbc Holdings PLC purchased a new position in Geo Group during the 2nd quarter valued at $118,673,000. Finally, Cooper Creek Partners Management LLC grew its position in Geo Group by 14.2% in the 1st quarter. Cooper Creek Partners Management LLC now owns 5,314,006 shares of the real estate investment trust’s stock valued at $89,328,000 after acquiring an additional 661,281 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.

Trending Headlines about Geo Group

Here are the key news stories impacting Geo Group this week:

• Positive Sentiment: GEO reported Q3 adjusted EPS of $0.39, ahead of the $0.35 consensus and up from $0.25 a year earlier. Revenue grew 11.5% year over year to $761.1 million. Article: GEO Group Surpasses Q3 Earnings Estimates
• Positive Sentiment: Management forecast Q4 revenue of $777 million–$827 million and adjusted EBITDA of $149 million–$154 million, citing increased ICE activations—supporting expectations that government demand can drive further growth. Article: GEO Forecasts Q4 Revenue and EBITDA
• Positive Sentiment: JonesTrading raised its price target to $42.75 from $40 and maintained a Buy rating, signaling increased analyst optimism. JonesTrading Recommendations
• Negative Sentiment: Q3 revenue of $761.1 million missed the approximately $770.9 million analyst estimate. This shortfall may offset some of the positive impact of the EPS beat. Article: GEO Group Misses Q3 Revenue Estimates
• Negative Sentiment: GEO’s reliance on ICE and government contracts leaves it exposed to potential policy shifts; a pre-election report highlighted political uncertainty as a risk for private-prison operators. Article: Political Risks for GEO Group and CoreCivic

Insiders Place Their Bets

In other news, VP Matthew Albence sold 11,797 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $31.45, for a total transaction of $371,015.65. Following the transaction, the vice president owned 87,602 shares in the company, valued at approximately $2,755,082.90. This trade represents a 11.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ronald A. Brack sold 7,000 shares of Geo Group stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $32.00, for a total value of $224,000.00. Following the completion of the sale, the insider owned 71,614 shares of the company’s stock, valued at $2,291,648. The trade was a 8.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,797 shares of company stock worth $911,916 in the last three months. Corporate insiders own 4.98% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on GEO. Weiss Ratings reiterated a “hold (c+)” rating on shares of Geo Group in a research note on Friday, September 4th. Wall Street Zen lowered shares of Geo Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. UBS Group reissued a “buy” rating on shares of Geo Group in a research note on Tuesday, October 6th. JonesTrading upped their price target on shares of Geo Group from $40.00 to $42.75 and gave the stock a “buy” rating in a report on Thursday. Finally, Noble Financial reaffirmed an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $41.38.

Geo Group Stock Up 10.6%

Shares of NYSE GEO opened at $27.85 on Friday. Geo Group Inc has a 52-week low of $12.51 and a 52-week high of $33.17. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 1.49 and a beta of 0.78. The stock has a 50 day moving average price of $30.03 and a 200 day moving average price of $24.49. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.65 and a current ratio of 1.71.

Geo Group (NYSE:GEO) last released its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. The company had revenue of $761.06 million for the quarter, compared to the consensus estimate of $770.87 million. Geo Group had a return on equity of 11.44% and a net margin of 5.74%. Geo Group’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. Sell-side analysts expect that Geo Group Inc will post 1.42 earnings per share for the current year.

Geo Group Company Profile

The GEO Group, Inc (NYSE: GEO) is a provider of correctional, detention and community-based services. The company develops and operates secure facilities for government agencies, offering services that can include facility management, housing, transportation, food services, medical care, education and rehabilitation programs.

GEO also provides reentry and community-based services designed to support individuals transitioning from incarceration. Through its electronic monitoring and supervision offerings, the company assists government and law-enforcement agencies with alternatives to secure detention, including GPS monitoring, case management and other post-release support services.

Founded in 1984 as Wackenhut Corrections Corporation, the company adopted the name The GEO Group in 2003.