Y Intercept Hong Kong Ltd Buys New Position in Geo Group Inc (The) $GEO

Y Intercept Hong Kong Ltd purchased a new position in shares of Geo Group Inc (The) (NYSE:GEO) in the 3rd quarter, HoldingsChannel reports. The firm purchased 62,593 shares of the real estate investment trust’s stock, valued at approximately $1,283,000.

A number of other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of Geo Group by 2.5% during the second quarter. Envestnet Asset Management Inc. now owns 18,056 shares of the real estate investment trust’s stock worth $432,000 after buying an additional 441 shares during the period. RoundAngle Advisors LLC boosted its position in Geo Group by 1.5% during the second quarter. RoundAngle Advisors LLC now owns 35,120 shares of the real estate investment trust’s stock valued at $841,000 after acquiring an additional 509 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings 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 worth $1,550,000 after acquiring an additional 600 shares during the period. Amalgamated Bank raised its position in shares of Geo Group by 1.6% in the 2nd quarter. Amalgamated Bank now owns 39,088 shares of the real estate investment trust’s stock worth $936,000 after acquiring an additional 607 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of Geo Group by 18.9% in the 3rd quarter. Covestor Ltd now owns 3,887 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 617 shares during the period. 76.10% of the stock is owned by institutional investors.

Geo Group Stock Performance

Shares of GEO stock opened at $15.99 on Friday. Geo Group Inc has a 12 month low of $14.27 and a 12 month high of $32.09. The firm has a market capitalization of $2.23 billion, a PE ratio of 9.41 and a beta of 0.72. The firm has a fifty day simple moving average of $16.66 and a two-hundred day simple moving average of $18.87. 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 (NYSE:GEO) last issued its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. Geo Group had a net margin of 9.41% and a return on equity of 7.42%. The firm had revenue of $682.34 million during the quarter, compared to analysts’ expectations of $665.81 million. During the same period last year, the company earned $0.21 earnings per share. The business’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. Analysts forecast that Geo Group Inc will post 0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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