AQR Capital Management LLC Buys 3,295 Shares of The GEO Group, Inc. (NYSE:GEO)

AQR Capital Management LLC raised its stake in shares of The GEO Group, Inc. (NYSE:GEO) by 16.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,177 shares of the real estate investment trust’s stock after purchasing an additional 3,295 shares during the quarter. AQR Capital Management LLC’s holdings in The GEO Group were worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Caxton Associates LP bought a new stake in The GEO Group during the second quarter valued at approximately $414,000. Marshall Wace LLP bought a new stake in shares of The GEO Group in the 2nd quarter worth approximately $234,000. Nkcfo LLC bought a new stake in shares of The GEO Group in the 2nd quarter worth approximately $359,000. Thrivent Financial for Lutherans lifted its holdings in shares of The GEO Group by 4.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 110,649 shares of the real estate investment trust’s stock worth $1,589,000 after acquiring an additional 4,759 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of The GEO Group by 62.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 2,393 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors.

The GEO Group Stock Up 1.3 %

Shares of The GEO Group stock opened at $15.18 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The company’s fifty day simple moving average is $13.25 and its two-hundred day simple moving average is $14.02. The company has a market cap of $2.12 billion, a P/E ratio of 58.39, a PEG ratio of 1.63 and a beta of 0.65. The GEO Group, Inc. has a 12-month low of $8.19 and a 12-month high of $18.05.

The GEO Group (NYSE:GEO) last released 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 business had revenue of $607.19 million during the quarter, compared to analysts’ expectations of $606.16 million. The GEO Group had a return on equity of 8.87% and a net margin of 1.92%. During the same period in the prior year, the company earned $0.24 earnings per share. Research analysts anticipate that The GEO Group, Inc. will post 0.91 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wedbush restated an “outperform” rating and issued a $17.00 price objective on shares of The GEO Group in a report on Thursday, September 19th. StockNews.com lowered shares of The GEO Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

Insider Transactions at The GEO Group

In other news, Chairman George C. Zoley acquired 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average cost of $12.33 per share, with a total value of $1,233,000.00. Following the transaction, the chairman now owns 3,900,904 shares of the company’s stock, valued at $48,098,146.32. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.00% of the company’s stock.

The 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.