Counterpoint Mutual Funds LLC Invests $412,000 in Geo Group Inc (The) $GEO

Key Points

• Counterpoint Mutual Funds LLC has invested $412,000 in Geo Group Inc, acquiring 17,207 shares during the 2nd quarter, joining a trend of increasing institutional investment in the company.
• Geo Group recently announced a $300 million stock repurchase program, which allows for the reacquisition of up to 8.2% of its existing shares and indicates a perception of undervaluation by the Board of Directors.
• The company reported earnings of $0.22 per share for the recent quarter, exceeding analysts' expectations, and showed a 4.8% year-over-year revenue growth, totaling $636.17 million.

Counterpoint Mutual Funds LLC bought a new stake in shares of Geo Group Inc (The) (NYSE:GEO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,207 shares of the real estate investment trust's stock, valued at approximately $412,000.

Other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP raised its position in Geo Group by 312.7% in the 1st quarter. Wellington Management Group LLP now owns 2,608,619 shares of the real estate investment trust's stock valued at $76,198,000 after buying an additional 1,976,544 shares during the last quarter. Apis Capital Advisors LLC grew its stake in shares of Geo Group by 194.3% in the 1st quarter. Apis Capital Advisors LLC now owns 1,211,000 shares of the real estate investment trust's stock worth $35,373,000 after acquiring an additional 799,500 shares in the last quarter. CenterBook Partners LP purchased a new stake in shares of Geo Group in the first quarter valued at about $11,875,000. Continental General Insurance Co. bought a new position in shares of Geo Group during the first quarter valued at about $11,184,000. Finally, Highland Peak Capital LLC purchased a new position in Geo Group during the first quarter worth about $10,650,000. Institutional investors own 76.10% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wedbush reaffirmed an "outperform" rating and issued a $36.00 price objective on shares of Geo Group in a research report on Monday, June 23rd. Jones Trading cut their target price on Geo Group from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $37.00.

Geo Group Stock Down 0.9%

GEO opened at $21.25 on Wednesday. Geo Group Inc has a twelve month low of $12.41 and a twelve month high of $36.46. The company's 50-day moving average price is $22.42 and its two-hundred day moving average price is $25.52. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 2.40 and a beta of 0.75. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.07.

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

Geo Group announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 6th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the real estate investment trust to reacquire up to 8.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

About Geo Group

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.

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