nVerses Capital LLC Acquires New Holdings in The GEO Group, Inc. (NYSE:GEO)

nVerses Capital LLC acquired a new stake in shares of The GEO Group, Inc. (NYSE:GEO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,400 shares of the real estate investment trust’s stock, valued at approximately $121,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of The GEO Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 13,575,361 shares of the real estate investment trust’s stock valued at $147,021,000 after purchasing an additional 58,184 shares during the period. PNC Financial Services Group Inc. raised its position in shares of The GEO Group by 234.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 23,735 shares of the real estate investment trust’s stock valued at $257,000 after purchasing an additional 16,633 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of The GEO Group by 568.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,326 shares of the real estate investment trust’s stock valued at $160,000 after purchasing an additional 9,632 shares during the period. Saxon Interests Inc. bought a new position in shares of The GEO Group in the first quarter valued at approximately $219,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of The GEO Group by 399.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,852 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 3,081 shares during the period. Institutional investors own 76.10% of the company’s stock.

Insider Transactions at The GEO Group

In other The GEO Group news, Chairman George C. Zoley purchased 100,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were purchased at an average price of $12.33 per share, for a total transaction of $1,233,000.00. Following the completion of the purchase, the chairman now directly owns 3,900,904 shares of the company’s stock, valued at approximately $48,098,146.32. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.30% of the stock is currently owned by corporate insiders.

The GEO Group Trading Up 0.3 %

Shares of The GEO Group stock opened at $15.20 on Monday. The company’s fifty day simple moving average is $13.36 and its 200-day simple moving average is $14.03. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 58.46, a PEG ratio of 1.68 and a beta of 0.65. 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 GEO Group, Inc. has a 1 year low of $8.19 and a 1 year high of $18.05.

The GEO Group (NYSE:GEO) last announced its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $607.19 million during the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $0.24 EPS. As a group, sell-side analysts expect that The GEO Group, Inc. will post 0.91 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.