The GEO Group Inc (GEO) : Alpine Woods Capital Investors reduced its stake in The GEO Group Inc by 2.69% during the most recent quarter end. The investment management company now holds a total of 521,800 shares of The GEO Group Inc which is valued at $16,921,974 after selling 14,400 shares in The GEO Group Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.The GEO Group Inc makes up approximately 0.97% of Alpine Woods Capital Investors’s portfolio.
Other Hedge Funds, Including , Tower Research Capital (trc) boosted its stake in GEO in the latest quarter, The investment management firm added 2,069 additional shares and now holds a total of 2,169 shares of The GEO Group Inc which is valued at $70,341. The GEO Group Inc makes up approx 0.01% of Tower Research Capital (trc)’s portfolio. Princeton Alpha Management Lp added GEO to its portfolio by purchasing 24,792 company shares during the most recent quarter which is valued at $801,525. The GEO Group Inc makes up approx 0.14% of Princeton Alpha Management Lp’s portfolio.Boston Partners reduced its stake in GEO by selling 89,050 shares or 11.27% in the most recent quarter. The Hedge Fund company now holds 701,176 shares of GEO which is valued at $22,669,020. The GEO Group Inc makes up approx 0.03% of Boston Partners’s portfolio.Msi Financial Services Inc boosted its stake in GEO in the latest quarter, The investment management firm added 1,294 additional shares and now holds a total of 5,741 shares of The GEO Group Inc which is valued at $197,146. The GEO Group Inc makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Eagle Asset Management Inc reduced its stake in GEO by selling 78,947 shares or 4.45% in the most recent quarter. The Hedge Fund company now holds 1,695,329 shares of GEO which is valued at $58,743,150. The GEO Group Inc makes up approx 0.39% of Eagle Asset Management Inc’s portfolio.
The GEO Group Inc opened for trading at $22 and hit $23.98 on the upside on Friday, eventually ending the session at $23.68, with a gain of 21.37% or 4.17 points. The heightened volatility saw the trading volume jump to 1,74,72,555 shares. Company has a market cap of $1,776 M.
On the company’s financial health, The GEO Group Inc reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.71. The company had revenue of $548.35 million for the quarter, compared to analysts expectations of $546.98 million. The company’s revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.
Many Wall Street Analysts have commented on The GEO Group Inc. Company shares were Reiterated by Canaccord Genuity on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $37 .
The GEO Group Inc. is a real estate investment trust (REIT) which specializes in the ownership leasing and management of correctional detention and re-entry facilities and the provision of community-based services and youth services in the United States Australia South Africa and the United Kingdom. The Company operates in four segments: U.S. Corrections & Detention segment which encompasses its United States-based privatized corrections and detention business; GEO Care segment encompasses its United States-based privatized corrections and detention business youth services business and electronic monitoring and supervision service; International Services segment which consists of its privatized corrections and detention operations in South Africa Australia and the United Kingdom and Facility Construction & Design segment which contracts with various states local and federal agencies as well as international agencies for the design and construction of facilities.