Nkcfo LLC Takes $359,000 Position in The GEO Group, Inc. (NYSE:GEO)

Nkcfo LLC acquired a new stake in The GEO Group, Inc. (NYSE:GEO) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 25,000 shares of the real estate investment trust’s stock, valued at approximately $359,000.

Several other hedge funds have also added to or reduced their stakes in GEO. Arizona State Retirement System lifted its stake in shares of The GEO Group by 2.5% in the second quarter. Arizona State Retirement System now owns 35,525 shares of the real estate investment trust’s stock worth $510,000 after acquiring an additional 862 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of The GEO Group by 1.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 100,735 shares of the real estate investment trust’s stock worth $1,447,000 after purchasing an additional 1,098 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of The GEO Group by 3.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 39,703 shares of the real estate investment trust’s stock valued at $561,000 after purchasing an additional 1,197 shares during the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of The GEO Group by 1.3% in the 1st 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 purchasing an additional 1,402 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in shares of The GEO Group by 7.4% during the first quarter. ProShare Advisors LLC now owns 24,326 shares of the real estate investment trust’s stock worth $343,000 after buying an additional 1,669 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

The GEO Group Stock Performance

NYSE:GEO opened at $12.37 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.36. The GEO Group, Inc. has a twelve month low of $7.38 and a twelve month high of $18.05. The company has a fifty day moving average of $13.87 and a 200-day moving average of $13.97. The firm has a market capitalization of $1.69 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.45 and a beta of 0.66.

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 for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $607.19 million for the quarter, compared to analyst estimates of $606.16 million. The GEO Group had a net margin of 1.92% and a return on equity of 8.87%. During the same quarter in the prior year, the company posted $0.24 EPS. As a group, sell-side analysts anticipate that The GEO Group, Inc. will post 0.91 EPS for the current year.

Analyst Ratings Changes

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

Insiders Place Their Bets

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

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.