Gordian Capital Singapore Pte Ltd Has $384,000 Stake in Geo Group Inc (The) $GEO

Key Points

• Gordian Capital Singapore Pte Ltd significantly reduced its stake in Geo Group Inc by 70.8%, selling 31,700 shares and retaining 13,100 shares worth $384,000.
• Geo Group's board has initiated a $300 million stock buyback program aimed at repurchasing up to 8.2% of its shares, signaling confidence in the company's valuation.
• The recent earnings report revealed a quarterly EPS of $0.22, surpassing estimates, alongside a 4.8% year-over-year revenue increase with a total of $636.17 million.

Gordian Capital Singapore Pte Ltd lessened its holdings in shares of Geo Group Inc (The) (NYSE:GEO - Free Report) by 70.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,100 shares of the real estate investment trust's stock after selling 31,700 shares during the period. Gordian Capital Singapore Pte Ltd's holdings in Geo Group were worth $384,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Janus Henderson Group PLC grew its stake in Geo Group by 87.4% in 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 buying an additional 46,820 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Geo Group during the first quarter valued at about $965,000. GAMMA Investing LLC lifted its position in shares of 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 valued at $7,441,000 after buying an additional 246,585 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Geo Group in the 1st quarter worth $296,000. Finally, Two Sigma Advisers LP grew its position in Geo Group by 188.3% in the 4th quarter. Two Sigma Advisers LP now owns 420,749 shares of the real estate investment trust's stock valued at $11,773,000 after acquiring an additional 274,784 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Geo Group Stock Up 1.1%

NYSE GEO traded up $0.24 during trading hours on Tuesday, reaching $20.98. 3,207,784 shares of the company's stock traded hands, compared to its average volume of 3,089,506. The firm has a 50-day simple moving average of $23.56 and a 200 day simple moving average of $26.04. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $2.97 billion, a PE ratio of 32.27, a PEG ratio of 2.25 and a beta of 0.75. Geo Group Inc has a 52-week low of $11.75 and a 52-week high of $36.46.

Geo Group (NYSE:GEO - Get Free Report) last posted its 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 net margin of 3.69% and a return on equity of 7.26%. The firm had revenue of $636.17 million for the quarter, compared to the consensus estimate of $621.55 million. During the same period in the previous year, the firm posted $0.23 EPS. The business's quarterly revenue 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 fiscal year.

Geo Group announced that its board has initiated a stock repurchase program on Wednesday, August 6th that allows the company to buyback $300.00 million in outstanding 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 programs are generally a sign that the company's leadership believes its shares are 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.