ARP Americas LLC Acquires 5,850 Shares of Geo Group Inc (The) (NYSE:GEO)

ARP Americas LLC increased its position in shares of Geo Group Inc (The) (NYSE:GEO) by 130.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,350 shares of the real estate investment trust’s stock after buying an additional 5,850 shares during the period. ARP Americas LLC’s holdings in Geo Group Inc (The) were worth $306,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in GEO. JPMorgan Chase & Co. raised its position in shares of Geo Group Inc (The) by 285.8% in the first quarter. JPMorgan Chase & Co. now owns 1,584,104 shares of the real estate investment trust’s stock worth $73,455,000 after buying an additional 1,173,551 shares in the last quarter. Princeton Alpha Management LP acquired a new position in shares of Geo Group Inc (The) during the first quarter worth $339,000. BNP Paribas Arbitrage SA raised its position in shares of Geo Group Inc (The) by 56.3% in the first quarter. BNP Paribas Arbitrage SA now owns 22,230 shares of the real estate investment trust’s stock worth $1,031,000 after buying an additional 8,005 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Geo Group Inc (The) by 6.8% in the first quarter. Vanguard Group Inc. now owns 14,110,525 shares of the real estate investment trust’s stock worth $654,305,000 after buying an additional 901,286 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Geo Group Inc (The) by 56.8% in the second quarter. Louisiana State Employees Retirement System now owns 32,450 shares of the real estate investment trust’s stock worth $960,000 after buying an additional 11,750 shares in the last quarter. Institutional investors own 66.89% of the company’s stock.

Geo Group Inc (NYSE GEO) traded down 0.55% during midday trading on Friday, reaching $25.16. The company’s stock had a trading volume of 733,219 shares. Geo Group Inc has a 12-month low of $12.89 and a 12-month high of $34.32. The company’s 50-day moving average is $28.71 and its 200 day moving average is $30.32. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 17.64 and a beta of 1.54.

Geo Group Inc (The) (NYSE:GEO) last announced its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by $0.15. Geo Group Inc (The) had a net margin of 7.32% and a return on equity of 15.84%. The company had revenue of $570.10 million during the quarter, compared to analysts’ expectations of $584.69 million. During the same period last year, the firm earned $0.21 earnings per share. Geo Group Inc (The)’s revenue was up 4.0% on a year-over-year basis. Equities analysts forecast that Geo Group Inc will post $1.27 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 21st were given a $0.47 dividend. The ex-dividend date was Wednesday, July 19th. This represents a $1.88 dividend on an annualized basis and a yield of 7.47%. Geo Group Inc (The)’s dividend payout ratio (DPR) is presently 131.16%.

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A number of brokerages have weighed in on GEO. Zacks Investment Research lowered Geo Group Inc (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Canaccord Genuity set a $35.00 price objective on Geo Group Inc (The) and gave the company a “buy” rating in a research report on Monday, August 7th. BidaskClub lowered Geo Group Inc (The) from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. J P Morgan Chase & Co assumed coverage on Geo Group Inc (The) in a research report on Friday, July 14th. They set an “overweight” rating and a $35.00 price objective on the stock. Finally, ValuEngine upgraded Geo Group Inc (The) from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $31.33.

In other Geo Group Inc (The) news, Director Anne N. Foreman sold 17,340 shares of Geo Group Inc (The) stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $26.67, for a total value of $462,457.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Shayn P. March sold 22,542 shares of Geo Group Inc (The) stock in a transaction on Friday, June 9th. The shares were sold at an average price of $32.96, for a total transaction of $742,984.32. Following the completion of the transaction, the vice president now owns 36,170 shares in the company, valued at $1,192,163.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,006 shares of company stock valued at $1,586,888. 2.40% of the stock is owned by corporate insiders.

About Geo Group Inc (The)

The GEO Group, Inc is a real estate investment trust (REIT) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.

Institutional Ownership by Quarter for Geo Group Inc (The) (NYSE:GEO)

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