130,752 Shares in Geo Group Inc (The) $GEO Bought by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 130,752 GEO shares in the second quarter, valued at approximately $3.86 million, giving it a 0.10% stake. Institutional investors collectively own 76.10% of the company.
• GEO insiders sold shares in August: Ronald A. Brack sold 7,000 shares and VP Matthew Albence sold 10,000 shares. Insiders retain approximately 4.98% ownership.
• Analysts maintain a broadly positive outlook, with an average “Buy” rating and a consensus price target of $40.00. GEO also exceeded quarterly earnings and revenue expectations, reporting $0.37 EPS and $732.07 million in revenue.

Deutsche Bank AG acquired a new stake in shares of Geo Group Inc (The) (NYSE:GEO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 130,752 shares of the real estate investment trust's stock, valued at approximately $3,864,000. Deutsche Bank AG owned 0.10% of Geo Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in Geo Group in the 2nd quarter worth about $34,000. Bank of New York Mellon Corp bought a new stake in shares of Geo Group during the 2nd quarter valued at about $23,825,000. State of Wyoming bought a new stake in shares of Geo Group during the 2nd quarter valued at about $314,000. Handelsbanken Fonder AB grew its holdings in shares of Geo Group by 3.0% during the second quarter. Handelsbanken Fonder AB now owns 34,600 shares of the real estate investment trust's stock worth $1,022,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC purchased a new position in shares of Geo Group during the second quarter worth about $229,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Geo Group

In related news, insider Ronald A. Brack sold 7,000 shares of the company's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $32.00, for a total transaction of $224,000.00. Following the completion of the sale, the insider directly owned 71,614 shares in the company, valued at $2,291,648. This represents a 8.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Matthew Albence sold 10,000 shares of the company's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $31.69, for a total transaction of $316,900.00. Following the sale, the vice president owned 99,399 shares of the company's stock, valued at $3,149,954.31. This represents a 9.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.98% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Northland Securities raised their target price on shares of Geo Group from $30.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday, June 26th. UBS Group reissued an "outperform" rating on shares of Geo Group in a research note on Monday, August 10th. Weiss Ratings raised shares of Geo Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, June 9th. Wall Street Zen lowered shares of Geo Group from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Finally, Zacks Research upgraded shares of Geo Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $40.00.

Geo Group Trading Up 0.1%

Shares of GEO stock opened at $32.20 on Wednesday. The business has a 50-day moving average of $30.47 and a 200 day moving average of $22.98. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.65 and a quick ratio of 1.65. Geo Group Inc has a 1-year low of $12.51 and a 1-year high of $33.15. The stock has a market capitalization of $4.24 billion, a PE ratio of 15.19, a P/E/G ratio of 1.76 and a beta of 0.79.

Geo Group (NYSE:GEO - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.08. Geo Group had a return on equity of 10.42% and a net margin of 10.31%.The business had revenue of $732.07 million for the quarter, compared to analysts' expectations of $721.43 million. During the same period in the previous year, the firm earned $0.22 EPS. The business's quarterly revenue was up 15.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Geo Group Inc will post 1.31 earnings per share for the current 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.

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