Dimensional Fund Advisors LP Has $633,000 Position in Geo Group Inc (The) $GEO

Key Points

• Dimensional Fund Advisors cut its GEO position by 52.6% in the first quarter, selling 41,764 shares and retaining 37,652 shares valued at approximately $633,000. Institutional investors collectively own 76.1% of the company.
• Analyst sentiment remains favorable, with a consensus “Buy” rating and a $40 price target; recent firms raised their targets to $40 and maintained Buy or Outperform recommendations.
• GEO reported quarterly earnings of $0.37 per share, exceeding estimates by $0.08, while revenue rose 15.1% year over year to $732.1 million. Shares opened at $31.07, near the company’s 52-week high of $32.62.

Dimensional Fund Advisors LP decreased its holdings in Geo Group Inc (The) (NYSE:GEO - Free Report) by 52.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,652 shares of the real estate investment trust's stock after selling 41,764 shares during the period. Dimensional Fund Advisors LP's holdings in Geo Group were worth $633,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Geo Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 75,766 shares of the real estate investment trust's stock worth $2,213,000 after buying an additional 3,309 shares in the last quarter. NewEdge Advisors LLC increased its stake in Geo Group by 81.9% during the 1st quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust's stock worth $54,000 after acquiring an additional 839 shares during the period. United Services Automobile Association acquired a new position in Geo Group in the 1st quarter valued at $260,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Geo Group by 168.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 284,975 shares of the real estate investment trust's stock valued at $8,324,000 after acquiring an additional 178,622 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Geo Group by 4.2% during the 2nd quarter. Invesco Ltd. now owns 1,308,817 shares of the real estate investment trust's stock valued at $31,346,000 after acquiring an additional 52,623 shares during the period. Institutional investors own 76.10% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GEO shares. JonesTrading increased their target price on Geo Group from $33.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Wall Street Zen cut shares of Geo Group from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Weiss Ratings upgraded shares of Geo Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, June 9th. Noble Financial reissued an "outperform" rating on shares of Geo Group in a report on Monday, August 10th. Finally, Northland Securities raised their target price on shares of Geo Group from $30.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $40.00.

Geo Group Stock Up 2.3%

Shares of NYSE:GEO opened at $31.07 on Friday. Geo Group Inc has a 52-week low of $12.51 and a 52-week high of $32.62. The company has a market capitalization of $4.09 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 1.71 and a beta of 0.79. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.65 and a current ratio of 1.65. The company has a fifty day moving average of $29.96 and a 200-day moving average of $22.17.

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

Geo Group 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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