Allianz Asset Management GmbH Lowers Position in Geo Group Inc (The) (NYSE:GEO)

Allianz Asset Management GmbH lessened its holdings in shares of Geo Group Inc (The) (NYSE:GEO - Free Report) by 2.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,453,699 shares of the real estate investment trust's stock after selling 37,510 shares during the period. Allianz Asset Management GmbH owned 1.03% of Geo Group worth $42,463,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its holdings in Geo Group by 210.9% during the first quarter. Victory Capital Management Inc. now owns 78,619 shares of the real estate investment trust's stock worth $2,296,000 after purchasing an additional 53,329 shares in the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in shares of Geo Group in the 1st quarter valued at $929,000. Edgestream Partners L.P. acquired a new stake in Geo Group during the 1st quarter worth $1,963,000. Xponance Inc. lifted its position in Geo Group by 7.6% in the first quarter. Xponance Inc. now owns 10,120 shares of the real estate investment trust's stock valued at $296,000 after acquiring an additional 712 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in Geo Group in the first quarter valued at $515,000. Hedge funds and other institutional investors own 76.10% of the company's stock.

Geo Group Stock Performance

Shares of NYSE:GEO traded up $1.54 on Friday, reaching $26.09. The company's stock had a trading volume of 5,741,849 shares, compared to its average volume of 2,894,457. Geo Group Inc has a 52-week low of $11.75 and a 52-week high of $36.46. The stock has a market capitalization of $3.69 billion, a P/E ratio of 137.34, a PEG ratio of 2.83 and a beta of 0.71. The stock's 50-day moving average is $25.56 and its two-hundred day moving average is $27.63. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.29 and a quick ratio of 1.29.

Geo Group (NYSE:GEO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $604.65 million during the quarter, compared to analyst estimates of $611.81 million. Geo Group had a net margin of 1.19% and a return on equity of 7.36%. During the same quarter last year, the firm earned $0.14 EPS. As a group, sell-side analysts forecast that Geo Group Inc will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

GEO has been the topic of a number of research analyst reports. Wall Street Zen upgraded Geo Group from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Jones Trading cut their price target on Geo Group from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Wedbush reissued an "outperform" rating and issued a $36.00 price objective on shares of Geo Group in a report on Monday, June 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Geo Group has a consensus rating of "Moderate Buy" and a consensus price target of $38.00.

Geo Group Profile

The GEO Group, Inc NYSE: GEO engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.