Victory Capital Management Inc. Increases Stock Holdings in Geo Group Inc (The) (NYSE:GEO)

Key Points

• Victory Capital Management Inc. increased its stake in Geo Group by 210.9%, now holding 78,619 shares valued at approximately $2.3 million.
• Geo Group reported $0.14 earnings per share, missing analysts' expectations by $0.04, with revenue at $604.65 million compared to estimates of $611.81 million.
• Brokerages have mixed ratings, with Wedbush maintaining an "outperform" rating and a price target of $36.00, while Jones Trading lowered their target from $55.00 to $50.00.

Victory Capital Management Inc. lifted its holdings in Geo Group Inc (The) (NYSE:GEO - Free Report) by 210.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 78,619 shares of the real estate investment trust's stock after purchasing an additional 53,329 shares during the period. Victory Capital Management Inc. owned about 0.06% of Geo Group worth $2,296,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GEO. Geode Capital Management LLC raised its stake in Geo Group by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 3,051,384 shares of the real estate investment trust's stock worth $85,398,000 after acquiring an additional 35,281 shares during the period. Point72 Asset Management L.P. raised its stake in Geo Group by 202.6% during the 4th quarter. Point72 Asset Management L.P. now owns 2,124,783 shares of the real estate investment trust's stock worth $59,451,000 after acquiring an additional 1,422,676 shares during the period. Discovery Capital Management LLC CT raised its stake in Geo Group by 375.2% during the 4th quarter. Discovery Capital Management LLC CT now owns 1,839,500 shares of the real estate investment trust's stock worth $51,469,000 after acquiring an additional 1,452,400 shares during the period. Northern Trust Corp raised its stake in Geo Group by 12.6% during 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 acquiring an additional 170,248 shares during the period. Finally, Newbrook Capital Advisors LP bought a new stake in Geo Group during the 4th quarter worth approximately $35,738,000. Institutional investors own 76.10% of the company's stock.

Geo Group Stock Down 1.2%

Shares of GEO stock traded down $0.31 during mid-day trading on Friday, hitting $25.62. 645,192 shares of the stock traded hands, compared to its average volume of 2,982,375. Geo Group Inc has a 52-week low of $11.75 and a 52-week high of $36.46. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market cap of $3.62 billion, a P/E ratio of 134.78, a P/E/G ratio of 2.76 and a beta of 0.71. The stock's fifty day moving average is $25.46 and its two-hundred day moving average is $27.51.

Geo Group (NYSE:GEO - Get Free Report) last posted its quarterly earnings data 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). Geo Group had a net margin of 1.19% and a return on equity of 7.36%. The company had revenue of $604.65 million for the quarter, compared to analyst estimates of $611.81 million. During the same quarter last year, the company earned $0.14 EPS. Equities analysts predict that Geo Group Inc will post 0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Jones Trading decreased their target price on shares of Geo Group from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Wall Street Zen upgraded shares of Geo Group from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Wedbush reiterated an "outperform" rating and set a $36.00 price objective on shares of Geo Group in a research report on Monday, June 23rd. One 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, Geo Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.00.

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.