67,298 Geo Group Inc (The) $GEO Shares Bought by CenterBook Partners LP

Key Points

• CenterBook Partners increased its GEO stake by 181.2% in the third quarter, buying 67,298 shares to hold 104,432 shares valued at about $3.18 million.
• GEO’s Q3 adjusted EPS of $0.39 beat the $0.35 consensus and revenue rose 11.5% year over year to $761.1 million, but revenue fell short of analyst expectations.
• Management forecast Q4 revenue of $777 million–$827 million, citing increased ICE activations; the company’s reliance on government contracts leaves it exposed to policy changes.

CenterBook Partners LP increased its position in Geo Group Inc (The) (NYSE:GEO - Free Report) by 181.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 104,432 shares of the real estate investment trust's stock after buying an additional 67,298 shares during the period. CenterBook Partners LP owned about 0.08% of Geo Group worth $3,182,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Pentwater Capital Management LP bought a new stake in shares of Geo Group in the second quarter worth about $312,698,000. Legal & General Group Plc purchased a new stake in shares of Geo Group in the second quarter worth about $9,165,000. Cooper Creek Partners Management LLC lifted its position in shares of Geo Group by 14.2% in the first quarter. Cooper Creek Partners Management LLC now owns 5,314,006 shares of the real estate investment trust's stock worth $89,328,000 after buying an additional 661,281 shares in the last quarter. Militia Capital Management LLC bought a new position in Geo Group during the first quarter valued at approximately $3,634,000. Finally, Hsbc Holdings PLC bought a new position in Geo Group during the second quarter valued at approximately $118,673,000. Hedge funds and other institutional investors own 76.10% of the company's stock.

Geo Group News Roundup

Here are the key news stories impacting Geo Group this week:

• Positive Sentiment: GEO reported Q3 adjusted EPS of $0.39, ahead of the $0.35 consensus and up from $0.25 a year earlier. Revenue grew 11.5% year over year to $761.1 million. Article: GEO Group Surpasses Q3 Earnings Estimates
• Positive Sentiment: Management forecast Q4 revenue of $777 million–$827 million and adjusted EBITDA of $149 million–$154 million, citing increased ICE activations—supporting expectations that government demand can drive further growth. Article: GEO Forecasts Q4 Revenue and EBITDA
• Positive Sentiment: JonesTrading raised its price target to $42.75 from $40 and maintained a Buy rating, signaling increased analyst optimism. JonesTrading Recommendations
• Negative Sentiment: Q3 revenue of $761.1 million missed the approximately $770.9 million analyst estimate. This shortfall may offset some of the positive impact of the EPS beat. Article: GEO Group Misses Q3 Revenue Estimates
• Negative Sentiment: GEO’s reliance on ICE and government contracts leaves it exposed to potential policy shifts; a pre-election report highlighted political uncertainty as a risk for private-prison operators. Article: Political Risks for GEO Group and CoreCivic

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JonesTrading raised their price target on Geo Group from $40.00 to $42.75 and gave the company a "buy" rating in a report on Thursday. Zacks Research raised Geo Group from a "hold" rating to a "strong-buy" rating in a report on Monday, July 20th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Geo Group in a report on Friday, September 4th. UBS Group reiterated a "buy" rating on shares of Geo Group in a research report on Tuesday, October 6th. Finally, Wall Street Zen lowered shares of Geo Group from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Geo Group has a consensus rating of "Buy" and an average price target of $41.38.

Geo Group Stock Up 10.6%

Shares of NYSE GEO opened at $27.85 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.65 and a debt-to-equity ratio of 0.97. Geo Group Inc has a 12-month low of $12.51 and a 12-month high of $33.17. The firm's 50-day moving average price is $30.03 and its 200-day moving average price is $24.49. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 1.49 and a beta of 0.78.

Geo Group (NYSE:GEO - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Geo Group had a return on equity of 11.44% and a net margin of 5.74%. The company had revenue of $761.06 million during the quarter, compared to analyst estimates of $770.87 million. During the same quarter last year, the business posted $0.25 earnings per share. The firm's revenue was up 11.5% on a year-over-year basis. On average, equities research analysts anticipate that Geo Group Inc will post 1.42 EPS for the current fiscal year.

Insider Activity at Geo Group

In related news, insider Ronald A. Brack sold 7,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $32.00, for a total transaction of $224,000.00. Following the sale, the insider owned 71,614 shares in the company, valued at approximately $2,291,648. This represents a 8.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Matthew Albence sold 11,797 shares of the firm's stock in a transaction on Friday, September 11th. The stock was sold at an average price of $31.45, for a total value of $371,015.65. Following the completion of the sale, the vice president owned 87,602 shares of the company's stock, valued at approximately $2,755,082.90. This represents a 11.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 28,797 shares of company stock valued at $911,916 over the last ninety days. Corporate insiders own 4.98% of the company's stock.

About Geo Group

The GEO Group, Inc NYSE: GEO is a provider of correctional, detention and community-based services. The company develops and operates secure facilities for government agencies, offering services that can include facility management, housing, transportation, food services, medical care, education and rehabilitation programs.

GEO also provides reentry and community-based services designed to support individuals transitioning from incarceration. Through its electronic monitoring and supervision offerings, the company assists government and law-enforcement agencies with alternatives to secure detention, including GPS monitoring, case management and other post-release support services.

Founded in 1984 as Wackenhut Corrections Corporation, the company adopted the name The GEO Group in 2003.

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