SG Americas Securities LLC Purchases 31,363 Shares of Geo Group Inc (The) $GEO

SG Americas Securities LLC increased its holdings in Geo Group Inc (The) (NYSE:GEO) by 529.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,285 shares of the real estate investment trust’s stock after buying an additional 31,363 shares during the period. SG Americas Securities LLC’s holdings in Geo Group were worth $764,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in GEO. Continental General Insurance Co. increased its stake in Geo Group by 919.8% in the 2nd quarter. Continental General Insurance Co. now owns 3,904,474 shares of the real estate investment trust’s stock worth $93,512,000 after acquiring an additional 3,521,589 shares during the last quarter. Perpetual Ltd purchased a new position in shares of Geo Group during the third quarter worth about $17,268,000. Balyasny Asset Management L.P. grew its holdings in shares of Geo Group by 3,774.9% during the second quarter. Balyasny Asset Management L.P. now owns 781,573 shares of the real estate investment trust’s stock worth $18,719,000 after purchasing an additional 761,403 shares in the last quarter. Rubric Capital Management LP increased its position in shares of Geo Group by 84.6% in the second quarter. Rubric Capital Management LP now owns 1,247,393 shares of the real estate investment trust’s stock worth $29,875,000 after purchasing an additional 571,502 shares during the last quarter. Finally, Boothbay Fund Management LLC raised its stake in Geo Group by 158.6% in the second quarter. Boothbay Fund Management LLC now owns 592,699 shares of the real estate investment trust’s stock valued at $14,195,000 after purchasing an additional 363,467 shares in the last quarter. Institutional investors own 76.10% of the company’s stock.

Geo Group Price Performance

GEO stock opened at $17.76 on Wednesday. The firm has a market cap of $2.47 billion, a P/E ratio of 10.44 and a beta of 0.72. The firm’s fifty day moving average is $16.31 and its 200 day moving average is $19.33. Geo Group Inc has a 52 week low of $14.27 and a 52 week high of $36.46. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.62 and a current ratio of 1.62.

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, beating the consensus estimate of $0.22 by $0.03. Geo Group had a net margin of 9.41% and a return on equity of 7.42%. The business had revenue of $682.34 million during the quarter, compared to analyst estimates of $665.81 million. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis. Geo Group has set its FY 2025 guidance at 1.810-1.850 EPS and its Q4 2025 guidance at 0.230-0.270 EPS. Research analysts predict that Geo Group Inc will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

GEO has been the subject of several research analyst reports. Jones Trading dropped their target price on shares of Geo Group from $50.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Wall Street Zen raised shares of Geo Group from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Geo Group in a research note on Monday, December 29th. Finally, Zacks Research upgraded Geo Group from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average 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.