Federated Hermes Inc. Purchases 271,802 Shares of Geo Group Inc (The) $GEO

Federated Hermes Inc. grew its position in Geo Group Inc (The) (NYSE:GEO) by 1,273.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 293,151 shares of the real estate investment trust’s stock after purchasing an additional 271,802 shares during the period. Federated Hermes Inc.’s holdings in Geo Group were worth $6,007,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GEO. Geneos Wealth Management Inc. grew its holdings in Geo Group by 245.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,101 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 782 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Geo Group by 81.9% during 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 during the period. Covestor Ltd boosted its position in shares of Geo Group by 18.9% during the third quarter. Covestor Ltd now owns 3,887 shares of the real estate investment trust’s stock valued at $80,000 after buying an additional 617 shares during the period. Militia Capital Partners LP grew its stake in shares of Geo Group by 122.6% during the second quarter. Militia Capital Partners LP now owns 6,900 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 3,800 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Geo Group during the 2nd quarter worth approximately $202,000. 76.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Geo Group Stock Down 1.0%

NYSE:GEO opened at $15.83 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.62 and a quick ratio of 1.62. Geo Group Inc has a 1-year low of $14.27 and a 1-year high of $32.09. The company has a 50-day moving average of $16.67 and a 200 day moving average of $18.76. The firm has a market cap of $2.20 billion, a PE ratio of 9.31 and a beta of 0.72.

Geo Group (NYSE:GEO) last posted its earnings results on Thursday, November 6th. The real estate investment trust reported $0.25 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 business had revenue of $682.34 million for the quarter, compared to the consensus estimate of $665.81 million. During the same quarter last year, the firm posted $0.21 EPS. The company’s revenue for the quarter 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. As a group, research analysts anticipate that Geo Group Inc will post 0.83 EPS for the current fiscal year.

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.