Gordian Capital Singapore Pte Ltd Takes $2.10 Million Position in The GEO Group, Inc. (NYSE:GEO)

Gordian Capital Singapore Pte Ltd acquired a new stake in shares of The GEO Group, Inc. (NYSE:GEO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 146,500 shares of the real estate investment trust’s stock, valued at approximately $2,104,000. The GEO Group makes up about 1.1% of Gordian Capital Singapore Pte Ltd’s investment portfolio, making the stock its 14th largest position. Gordian Capital Singapore Pte Ltd owned about 0.10% of The GEO Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GEO. PNC Financial Services Group Inc. boosted its holdings in shares of The GEO Group by 234.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 23,735 shares of the real estate investment trust’s stock worth $257,000 after buying an additional 16,633 shares during the period. Allianz Asset Management GmbH raised its stake in The GEO Group by 114.0% during the 4th quarter. Allianz Asset Management GmbH now owns 280,136 shares of the real estate investment trust’s stock valued at $3,034,000 after purchasing an additional 149,238 shares during the last quarter. Center Lake Capital Management LLC acquired a new position in The GEO Group during the 4th quarter valued at $1,083,000. Virtu Financial LLC acquired a new position in The GEO Group during the 4th quarter valued at $423,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of The GEO Group by 1,116.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,846,814 shares of the real estate investment trust’s stock valued at $52,491,000 after buying an additional 4,448,385 shares in the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The GEO Group

In other news, EVP Shayn P. March sold 2,500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 65,330 shares of the company’s stock, valued at approximately $1,143,275. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other The GEO Group news, EVP Shayn P. March sold 2,500 shares of the 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 in the company, valued at $1,143,275. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman George C. Zoley acquired 100,000 shares of the stock in a transaction dated 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 in the company, valued at $48,098,146.32. The disclosure for this purchase can be found here. 5.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GEO has been the subject of a number of recent analyst reports. Wedbush reiterated an “outperform” rating and set a $17.00 target price on shares of The GEO Group in a research report on Thursday, September 19th. StockNews.com cut shares of The GEO Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

The GEO Group Stock Down 0.2 %

Shares of NYSE:GEO opened at $12.83 on Wednesday. The firm has a market cap of $1.79 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.40 and a beta of 0.66. 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 12 month low of $7.92 and a 12 month high of $18.05. The company’s 50-day moving average price is $13.28 and its two-hundred day moving average price is $14.03.

The GEO Group (NYSE:GEO) last issued its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $607.19 million during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $0.24 EPS. As a group, research analysts forecast that The GEO Group, Inc. will post 0.91 EPS for the current fiscal year.

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.