43,768 Shares in Geo Group Inc (The) $GEO Purchased by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. acquired 43,768 shares of Geo Group Inc, valued at approximately $1.28 million, during the first quarter according to its SEC filing.
• The Board of Directors of Geo Group approved a $300 million share buyback plan, indicating confidence in the company's stock valuation.
• Geo Group reported earnings of $0.22 per share for the recent quarter, surpassing analysts' expectations, and had revenue of $636.17 million.

Nomura Holdings Inc. purchased a new stake in shares of Geo Group Inc (The) (NYSE:GEO - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 43,768 shares of the real estate investment trust's stock, valued at approximately $1,278,000.

A number of other hedge funds have also modified their holdings of GEO. Mariner LLC bought a new position in shares of Geo Group during the 4th quarter worth approximately $208,000. Northern Trust Corp boosted its position in shares of Geo Group by 12.6% in the 4th quarter. Northern Trust Corp now owns 1,522,360 shares of the real estate investment trust's stock worth $42,596,000 after buying an additional 170,248 shares in the last quarter. Algert Global LLC acquired a new position in shares of Geo Group during the 4th quarter valued at about $1,431,000. Cetera Investment Advisers boosted its stake in shares of Geo Group by 506.1% during the 4th quarter. Cetera Investment Advisers now owns 85,663 shares of the real estate investment trust's stock valued at $2,397,000 after buying an additional 71,529 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Geo Group by 49.6% in the fourth quarter. Deutsche Bank AG now owns 1,080,865 shares of the real estate investment trust's stock worth $30,243,000 after buying an additional 358,574 shares during the period. 76.10% of the stock is currently owned by institutional investors.

Geo Group Price Performance

Shares of NYSE:GEO traded down $0.08 on Monday, hitting $20.55. The company's stock had a trading volume of 1,115,537 shares, compared to its average volume of 3,068,092. The company has a market capitalization of $2.91 billion, a PE ratio of 31.56, a PEG ratio of 2.24 and a beta of 0.75. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.90 and a quick ratio of 0.90. Geo Group Inc has a 1 year low of $11.75 and a 1 year high of $36.46. The company has a 50-day simple moving average of $23.36 and a 200 day simple moving average of $25.87.

Geo Group (NYSE:GEO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.06. Geo Group had a return on equity of 7.26% and a net margin of 3.69%.The business had revenue of $636.17 million for the quarter, compared to analysts' expectations of $621.55 million. During the same period in the previous year, the firm earned $0.23 EPS. The business's quarterly revenue was up 4.8% on a year-over-year basis. Sell-side analysts forecast that Geo Group Inc will post 0.83 EPS for the current fiscal year.

Geo Group announced that its board has initiated a stock buyback program on Wednesday, August 6th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the real estate investment trust to purchase up to 8.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

GEO has been the topic of a number of recent analyst reports. Wedbush reissued an "outperform" rating and issued a $36.00 price objective on shares of Geo Group in a research note on Monday, June 23rd. Jones Trading reduced their target price on Geo Group from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $37.00.

Geo Group 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.