Arizona State Retirement System Acquires 862 Shares of The GEO Group, Inc. (NYSE:GEO)

Arizona State Retirement System grew its holdings in shares of The GEO Group, Inc. (NYSE:GEO) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,525 shares of the real estate investment trust’s stock after buying an additional 862 shares during the period. Arizona State Retirement System’s holdings in The GEO Group were worth $510,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Victory Capital Management Inc. boosted its holdings in shares of The GEO Group by 112.2% during the 2nd quarter. Victory Capital Management Inc. now owns 174,414 shares of the real estate investment trust’s stock valued at $2,505,000 after buying an additional 92,210 shares in the last quarter. Privium Fund Management UK Ltd boosted its stake in The GEO Group by 33.3% in the 2nd quarter. Privium Fund Management UK Ltd now owns 18,315 shares of the real estate investment trust’s stock worth $280,000 after purchasing an additional 4,578 shares in the last quarter. Rhumbline Advisers boosted its stake in The GEO Group by 5.1% in the 2nd quarter. Rhumbline Advisers now owns 403,223 shares of the real estate investment trust’s stock worth $5,790,000 after purchasing an additional 19,523 shares in the last quarter. Rothschild Investment LLC bought a new position in The GEO Group in the 2nd quarter worth about $216,000. Finally, Maryland State Retirement & Pension System boosted its stake in The GEO Group by 4.8% in the 2nd quarter. Maryland State Retirement & Pension System now owns 46,473 shares of the real estate investment trust’s stock worth $667,000 after purchasing an additional 2,119 shares in the last quarter. Institutional investors own 76.10% of the company’s stock.

Insider Activity

In other news, EVP Shayn P. March sold 2,500 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $17.50, for a total transaction of $43,750.00. Following the completion of the sale, the executive vice president now owns 65,330 shares of the company’s stock, valued at approximately $1,143,275. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other The GEO Group news, Chairman George C. Zoley purchased 100,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of $12.22 per share, for a total transaction of $1,222,000.00. Following the purchase, the chairman now directly owns 3,800,904 shares of the company’s stock, valued at approximately $46,447,046.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Shayn P. March sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $17.50, for a total value of $43,750.00. Following the completion of the transaction, the executive vice president now owns 65,330 shares of the company’s stock, valued at $1,143,275. The disclosure for this sale can be found here. Insiders own 5.30% of the company’s stock.

The GEO Group Price Performance

Shares of NYSE:GEO opened at $13.13 on Tuesday. The GEO Group, Inc. has a fifty-two week low of $7.33 and a fifty-two week high of $18.05. The business has a 50-day simple moving average of $14.10 and a two-hundred day simple moving average of $13.98. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 1.39 and a beta of 0.66.

The GEO Group (NYSE:GEO) last issued its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The GEO Group had a return on equity of 8.87% and a net margin of 1.92%. The business had revenue of $607.19 million during the quarter, compared to analysts’ expectations of $606.16 million. During the same period last year, the firm posted $0.24 EPS. On average, analysts expect that The GEO Group, Inc. will post 0.91 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on GEO. Wedbush reiterated an “outperform” rating and issued a $19.00 price target on shares of The GEO Group in a research note on Wednesday, August 7th. StockNews.com cut shares of The GEO Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th.

The 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.