BlackRock Inc. Takes Position in Geo Group Inc (The) $GEO

BlackRock Inc. acquired a new position in Geo Group Inc (The) (NYSE:GEO - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,314,511 shares of the real estate investment trust's stock, valued at approximately $570,744,000. BlackRock Inc. owned approximately 14.45% of Geo Group as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GEO. Geneos Wealth Management Inc. increased its stake in Geo Group by 245.1% in 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 buying an additional 782 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Geo Group by 111.9% during the 1st quarter. Bessemer Group Inc. now owns 1,723 shares of the real estate investment trust's stock worth $29,000 after buying an additional 910 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of Geo Group during the 4th quarter worth about $30,000. Global Retirement Partners LLC acquired a new position in shares of Geo Group during the 2nd quarter worth about $34,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Geo Group by 81.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 839 shares in the last quarter. Institutional investors and hedge funds own 76.10% of the company's stock.

Wall Street Analysts Forecast Growth

GEO has been the topic of a number of recent research reports. JonesTrading lifted their target price on Geo Group from $33.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Zacks Research raised Geo Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 20th. Wall Street Zen downgraded Geo Group from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Northland Securities boosted their price target on Geo Group from $30.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, June 26th. Finally, UBS Group reiterated an "outperform" rating on shares of Geo Group in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $40.00.

Geo Group Stock Up 0.3%

Geo Group stock opened at $32.80 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.65 and a quick ratio of 1.65. The company's 50-day moving average is $30.32 and its 200-day moving average is $22.75. The firm has a market capitalization of $4.32 billion, a PE ratio of 15.47, a P/E/G ratio of 1.79 and a beta of 0.79. Geo Group Inc has a fifty-two week low of $12.51 and a fifty-two week high of $32.92.

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

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.

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