Teacher Retirement System of Texas Has $7.10 Million Stock Holdings in Geo Group Inc (The) (NYSE:GEO)

Teacher Retirement System of Texas increased its position in shares of Geo Group Inc (The) (NYSE:GEO - Free Report) by 114.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 242,989 shares of the real estate investment trust's stock after acquiring an additional 129,438 shares during the quarter. Teacher Retirement System of Texas owned 0.17% of Geo Group worth $7,098,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. NewEdge Advisors LLC acquired a new stake in shares of Geo Group during the fourth quarter valued at approximately $29,000. SRS Capital Advisors Inc. increased its stake in Geo Group by 160.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 720 shares during the period. Smartleaf Asset Management LLC increased its stake in Geo Group by 149.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 915 shares during the period. NBC Securities Inc. acquired a new position in Geo Group in the 1st quarter valued at approximately $58,000. Finally, Jones Financial Companies Lllp grew its position in Geo Group by 182.6% in the fourth quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust's stock worth $88,000 after acquiring an additional 2,034 shares in the last quarter. Institutional investors and hedge funds own 76.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Jones Trading cut their target price on shares of Geo Group from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Wedbush reiterated an "outperform" rating and set a $36.00 target price on shares of Geo Group in a research note on Monday, June 23rd. UBS Group set a $35.00 target price on shares of Geo Group in a research note on Monday, March 24th. Wall Street Zen upgraded shares of Geo Group from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Noble Financial reiterated an "outperform" rating on shares of Geo Group in a research note on Monday, March 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $38.00.

Geo Group Price Performance

Shares of GEO stock traded up $1.39 during mid-day trading on Friday, reaching $26.02. The company's stock had a trading volume of 1,786,290 shares, compared to its average volume of 2,919,916. Geo Group Inc has a 1-year low of $11.75 and a 1-year high of $36.46. The company has a market cap of $3.68 billion, a P/E ratio of 136.95, a PEG ratio of 2.74 and a beta of 0.71. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.29 and a current ratio of 1.29. The firm's 50-day moving average is $26.57 and its two-hundred day moving average is $27.95.

Geo Group (NYSE:GEO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.04). Geo Group had a net margin of 1.19% and a return on equity of 7.36%. The business had revenue of $604.65 million during the quarter, compared to analyst estimates of $611.81 million. During the same quarter in the prior year, the company posted $0.14 EPS. On average, research analysts predict that Geo Group Inc will post 0.83 earnings per share for the current year.

Geo Group Company 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.