Teacher Retirement System of Texas Raises Stock Holdings in Geo Group Inc (The) (NYSE:GEO)

Teacher Retirement System of Texas boosted its holdings in Geo Group Inc (The) (NYSE:GEO - Free Report) by 114.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,989 shares of the real estate investment trust's stock after purchasing an additional 129,438 shares during the quarter. Teacher Retirement System of Texas owned about 0.17% of Geo Group worth $7,098,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GEO. NewEdge Advisors LLC acquired a new stake in shares of Geo Group during the fourth quarter worth approximately $29,000. SRS Capital Advisors Inc. increased its holdings in shares of 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 purchasing an additional 720 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of 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 in the last quarter. NBC Securities Inc. bought a new stake in shares of Geo Group in the 1st quarter valued at approximately $58,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Geo Group by 182.6% in the 4th quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust's stock valued at $88,000 after buying an additional 2,034 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company's stock.

Wall Street Analysts Forecast Growth

GEO has been the subject of a number of recent analyst reports. Wall Street Zen raised Geo Group from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. UBS Group set a $35.00 price objective on Geo Group in a research note on Monday, March 24th. Wedbush restated an "outperform" rating and issued a $36.00 target price on shares of Geo Group in a research note on Monday, June 23rd. Jones Trading lowered their target price on Geo Group from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Noble Financial reiterated an "outperform" rating on shares of Geo Group in a report on Monday, March 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $38.00.

Geo Group Trading Up 2.4%

GEO traded up $0.63 on Wednesday, hitting $26.47. 1,506,875 shares of the company were exchanged, compared to its average volume of 2,934,697. Geo Group Inc has a 12 month low of $11.75 and a 12 month high of $36.46. 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 has a fifty day simple moving average of $26.38 and a two-hundred day simple moving average of $27.93. The stock has a market capitalization of $3.74 billion, a PE ratio of 138.80, a price-to-earnings-growth ratio of 2.87 and a beta of 0.71.

Geo Group (NYSE:GEO - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $604.65 million for the quarter, compared to the consensus estimate of $611.81 million. Geo Group had a net margin of 1.19% and a return on equity of 7.36%. During the same period in the prior year, the firm posted $0.14 EPS. Sell-side analysts expect 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.