Vontobel Holding Ltd. Takes $393,000 Position in The GEO Group, Inc. (NYSE:GEO)

Vontobel Holding Ltd. acquired a new stake in The GEO Group, Inc. (NYSE:GEO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,592 shares of the real estate investment trust’s stock, valued at approximately $393,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GEO. Arizona State Retirement System grew its position in The GEO Group by 2.5% during the second quarter. Arizona State Retirement System now owns 35,525 shares of the real estate investment trust’s stock valued at $510,000 after acquiring an additional 862 shares during the period. Creative Planning grew its position in The GEO Group by 9.0% during the third quarter. Creative Planning now owns 11,096 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 919 shares during the period. SummerHaven Investment Management LLC grew its position in The GEO Group by 1.1% during the second quarter. SummerHaven Investment Management LLC now owns 100,735 shares of the real estate investment trust’s stock valued at $1,447,000 after acquiring an additional 1,098 shares during the period. Commonwealth Equity Services LLC grew its position in The GEO Group by 3.1% during the first quarter. Commonwealth Equity Services LLC now owns 39,703 shares of the real estate investment trust’s stock valued at $561,000 after acquiring an additional 1,197 shares during the period. Finally, Texas Permanent School Fund Corp grew its position in The GEO Group by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 106,826 shares of the real estate investment trust’s stock valued at $1,508,000 after acquiring an additional 1,402 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Insider Buying and Selling

In other The GEO Group news, Chairman George C. Zoley purchased 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired 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 owns 3,900,904 shares in the company, valued at $48,098,146.32. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

The GEO Group Price Performance

Shares of NYSE GEO opened at $15.55 on Wednesday. The GEO Group, Inc. has a 1-year low of $8.33 and a 1-year high of $18.05. The business has a 50-day moving average of $13.41 and a 200-day moving average of $14.04. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.68 and a beta of 0.65.

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 the consensus estimate 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 company had revenue of $607.19 million during the quarter, compared to analysts’ expectations of $606.16 million. During the same period in the previous year, the company earned $0.24 EPS. On average, equities analysts anticipate that The GEO Group, Inc. will post 0.91 EPS for the current fiscal year.

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.