Deutsche Bank AG Cuts Stake in Geo Group Inc (The) (NYSE:GEO)

Deutsche Bank AG decreased its position in shares of Geo Group Inc (The) (NYSE:GEO - Free Report) by 12.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Highland Peak Capital LLC bought a new stake in Geo Group in the first quarter worth about $10,650,000. Baader Bank Aktiengesellschaft bought a new stake in shares of Geo Group during the first quarter valued at approximately $604,000. Federated Hermes Inc. bought a new stake in shares of Geo Group during the first quarter valued at approximately $647,000. AGP Franklin LLC bought a new stake in shares of Geo Group during the first quarter valued at approximately $211,000. Finally, Neo Ivy Capital Management bought a new stake in shares of Geo Group during the first quarter valued at approximately $555,000. Hedge funds and other institutional investors own 76.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GEO shares. Wall Street Zen raised shares of Geo Group from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Jones Trading decreased their price target on shares of Geo Group from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, August 7th. Finally, Wedbush reissued an "outperform" rating and set a $36.00 price objective on shares of Geo Group in a report on Monday, June 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $37.00.

Geo Group Stock Up 0.9%

GEO stock traded up $0.19 during trading on Friday, hitting $20.95. 2,601,055 shares of the company's stock traded hands, compared to its average volume of 3,911,645. The firm has a market capitalization of $2.97 billion, a P/E ratio of 32.23, a PEG ratio of 2.28 and a beta of 0.75. The business has a fifty day simple moving average of $24.43 and a two-hundred day simple moving average of $26.64. 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 Inc has a 1 year low of $11.75 and a 1 year high of $36.46.

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

Geo Group declared that its board has initiated a share repurchase plan on Wednesday, August 6th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the real estate investment trust to repurchase up to 8.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

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.