Jupiter Topco LLC Takes $1.53 Million Position in Geo Group Inc (The) $GEO

Key Points

• Jupiter Topco initiated a $1.53 million position in GEO Group during the second quarter, while institutional investors collectively own 76.1% of the company’s shares.
• GEO Group reported quarterly EPS of $0.37, exceeding the $0.29 consensus estimate, with revenue of $732.1 million—up 15.1% year over year.
• Shares opened at $31.80, near their 52-week high, and analysts maintain a consensus “Buy” rating with an average price target of $40.00; however, two insiders recently sold shares.

Jupiter Topco LLC bought a new stake in Geo Group Inc (The) (NYSE:GEO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 51,650 shares of the real estate investment trust's stock, valued at approximately $1,527,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GEO. Cooper Creek Partners Management LLC increased its position in shares of Geo Group by 14.2% during the first quarter. Cooper Creek Partners Management LLC now owns 5,314,006 shares of the real estate investment trust's stock valued at $89,328,000 after acquiring an additional 661,281 shares in the last quarter. Vanguard Group Inc. boosted its stake in Geo Group by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 14,894,927 shares of the real estate investment trust's stock valued at $240,106,000 after purchasing an additional 98,742 shares during the last quarter. Militia Capital Management LLC purchased a new stake in Geo Group during the 1st quarter valued at $3,634,000. Hsbc Holdings PLC bought a new stake in shares of Geo Group in the 2nd quarter worth $118,673,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Geo Group in the second quarter worth $47,605,000. Hedge funds and other institutional investors own 76.10% of the company's stock.

Geo Group Trading Up 3.0%

NYSE:GEO opened at $31.80 on Friday. Geo Group Inc has a one year low of $12.51 and a one year high of $33.15. The business has a fifty day moving average price of $30.82 and a 200-day moving average price of $23.84. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 1.69 and a beta of 0.78. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.65 and a quick ratio of 1.65.

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

Insider Buying and Selling

In other news, VP Matthew Albence sold 10,000 shares of the firm's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $31.69, for a total transaction of $316,900.00. Following the sale, the vice president directly owned 99,399 shares in the company, valued at $3,149,954.31. This trade represents a 9.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ronald A. Brack sold 7,000 shares of the firm's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $32.00, for a total transaction of $224,000.00. Following the sale, the insider owned 71,614 shares in the company, valued at $2,291,648. The trade was a 8.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.98% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GEO has been the subject of several research analyst reports. Noble Financial reiterated an "outperform" rating on shares of Geo Group in a report on Monday, August 10th. Zacks Research upgraded shares of Geo Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. Weiss Ratings raised shares of Geo Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, June 9th. Wall Street Zen downgraded shares of Geo Group from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. Finally, Northland Securities raised their target price on shares of Geo Group from $30.00 to $40.00 and gave the stock 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 given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $40.00.

About Geo Group

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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