Capital Fund Management S.A. Reduces Stock Position in Geo Group Inc (The) $GEO

Key Points

• Capital Fund Management S.A. has reduced its holdings in Geo Group Inc by 74.4%, now owning 19,847 shares, worth approximately $580,000.
• In contrast, Janus Henderson Group PLC increased its stake by 87.4%, acquiring a total of 100,370 shares valued at around $2.8 million.
• Geo Group recently declared a $300 million stock repurchase plan, indicating the board believes the company's shares are undervalued.

Capital Fund Management S.A. reduced its position in shares of Geo Group Inc (The) (NYSE:GEO - Free Report) by 74.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,847 shares of the real estate investment trust's stock after selling 57,827 shares during the quarter. Capital Fund Management S.A.'s holdings in Geo Group were worth $580,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its holdings in Geo Group by 87.4% during the 4th quarter. Janus Henderson Group PLC now owns 100,370 shares of the real estate investment trust's stock worth $2,809,000 after purchasing an additional 46,820 shares in the last quarter. SG Americas Securities LLC bought a new stake in Geo Group during the 1st quarter worth approximately $965,000. GAMMA Investing LLC increased its holdings in Geo Group by 3,023.7% during the 1st quarter. GAMMA Investing LLC now owns 254,740 shares of the real estate investment trust's stock worth $7,441,000 after purchasing an additional 246,585 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Geo Group during the 1st quarter worth approximately $296,000. Finally, Two Sigma Advisers LP increased its holdings in Geo Group by 188.3% during the 4th quarter. Two Sigma Advisers LP now owns 420,749 shares of the real estate investment trust's stock worth $11,773,000 after purchasing an additional 274,784 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

Geo Group Stock Performance

Geo Group stock traded up $0.16 during trading on Friday, hitting $20.76. The stock had a trading volume of 2,518,161 shares, compared to its average volume of 3,763,752. Geo Group Inc has a 1 year low of $11.75 and a 1 year high of $36.46. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.07. The stock's 50 day moving average is $23.61 and its two-hundred day moving average is $26.10. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 2.25 and a beta of 0.75.

Geo Group (NYSE:GEO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. Geo Group had a return on equity of 7.26% and a net margin of 3.69%.The business had revenue of $636.17 million for the quarter, compared to the consensus estimate of $621.55 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. Geo Group's revenue for the quarter was up 4.8% on a year-over-year basis. As a group, analysts predict that Geo Group Inc will post 0.83 EPS for the current year.

Geo Group declared that its board has approved a stock repurchase plan on Wednesday, August 6th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to buy up to 8.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

GEO has been the subject of a number of recent research reports. Wedbush reissued an "outperform" rating and set a $36.00 price objective on shares of Geo Group in a report on Monday, June 23rd. Jones Trading decreased their price objective on Geo Group from $50.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, August 7th. Finally, Wall Street Zen raised Geo Group from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $37.00.

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.