Hodges Capital Management Inc. Grows Holdings in Geo Group Inc (The) $GEO

Hodges Capital Management Inc. raised its holdings in shares of Geo Group Inc (The) (NYSE:GEO) by 103.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,128,999 shares of the real estate investment trust’s stock after purchasing an additional 574,759 shares during the quarter. Geo Group accounts for approximately 1.6% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 12th largest holding. Hodges Capital Management Inc.’s holdings in Geo Group were worth $18,978,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Lee Danner & Bass Inc. increased its stake in Geo Group by 158.2% in the 1st quarter. Lee Danner & Bass Inc. now owns 685,500 shares of the real estate investment trust’s stock worth $11,523,000 after buying an additional 420,000 shares during the period. First Dallas Securities Inc. grew its stake in Geo Group by 8.1% in the 1st quarter. First Dallas Securities Inc. now owns 68,620 shares of the real estate investment trust’s stock worth $1,154,000 after acquiring an additional 5,150 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in Geo Group by 15.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 23,454 shares of the real estate investment trust’s stock worth $394,000 after acquiring an additional 3,139 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Geo Group during the first quarter worth approximately $1,019,000. Finally, Sterneck Capital Management LLC increased its position in shares of Geo Group by 12.6% during the first quarter. Sterneck Capital Management LLC now owns 21,656 shares of the real estate investment trust’s stock worth $364,000 after acquiring an additional 2,419 shares during the period. 76.10% of the stock is owned by hedge funds and other institutional investors.

Geo Group Trading Down 0.5%

NYSE GEO opened at $30.09 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 15.27 and a beta of 0.79. The company’s 50-day simple moving average is $24.81 and its two-hundred day simple moving average is $19.31. Geo Group Inc has a one year low of $12.51 and a one year high of $30.68.

Geo Group (NYSE:GEO) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.10. Geo Group had a net margin of 10.00% and a return on equity of 9.43%. The firm had revenue of $705.21 million during the quarter, compared to analysts’ expectations of $688.89 million. During the same quarter in the prior year, the company earned $0.14 EPS. The company’s revenue was up 16.6% compared to the same quarter last year. Geo Group has set its FY 2026 guidance at 1.150-1.250 EPS and its Q2 2026 guidance at 0.250-0.290 EPS. Equities analysts forecast that Geo Group Inc will post 1.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GEO. Wall Street Zen upgraded Geo Group from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Northland Securities raised their price objective on Geo Group from $30.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. Weiss Ratings raised Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. Finally, JonesTrading lowered their target price on Geo Group from $37.00 to $33.00 and set a “buy” rating for the company in a report on Friday, March 20th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Geo Group presently has an average rating of “Moderate Buy” and a consensus price target of $36.50.

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.