Geo Group Inc (The) (NYSE:GEO) Position Lowered by Deutsche Bank AG

Deutsche Bank AG lowered its position in Geo Group Inc (The) (NYSE:GEO - Free Report) by 12.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 947,606 shares of the real estate investment trust's stock after selling 133,259 shares during the period. Deutsche Bank AG owned approximately 0.67% of Geo Group worth $27,680,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. NewEdge Advisors LLC acquired a new stake in shares of Geo Group in the 4th quarter worth approximately $29,000. NBC Securities Inc. purchased a new stake in Geo Group in the 1st quarter valued at approximately $58,000. Morse Asset Management Inc lifted its stake in Geo Group by 29.0% in the 4th quarter. Morse Asset Management Inc now owns 6,760 shares of the real estate investment trust's stock valued at $189,000 after buying an additional 1,520 shares in the last quarter. Mariner LLC purchased a new stake in Geo Group in the 4th quarter valued at approximately $208,000. Finally, Highland Capital Management LLC purchased a new stake in Geo Group in the 1st quarter valued at approximately $210,000. Institutional investors and hedge funds own 76.10% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GEO shares. Wall Street Zen raised Geo Group from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Jones Trading reduced 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. Finally, Wedbush reaffirmed an "outperform" rating and issued a $36.00 target price on shares of Geo Group in a research note 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $37.00.

Geo Group Trading Up 0.9%

Shares of Geo Group stock traded up $0.19 during trading hours on Friday, reaching $20.95. 2,601,055 shares of the company's stock were exchanged, compared to its average volume of 3,107,934. Geo Group Inc has a 52-week low of $11.75 and a 52-week high of $36.46. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 32.23, a price-to-earnings-growth ratio of 2.24 and a beta of 0.75. The company has a fifty day moving average of $24.55 and a 200-day moving average of $26.73. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.07.

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

Geo Group announced that its board has approved a share repurchase program on Wednesday, August 6th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the real estate investment trust to purchase up to 8.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership 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.