Catawba Capital Management Va buys $217,600 stake in The GEO Group Inc (GEO)

The GEO Group Inc (GEO) : Catawba Capital Management Va scooped up 2,240 additional shares in The GEO Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 9,465 shares of The GEO Group Inc which is valued at $217,600.The GEO Group Inc makes up approximately 0.05% of Catawba Capital Management Va’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in GEO in the latest quarter, The investment management firm added 1,788 additional shares and now holds a total of 22,264 shares of The GEO Group Inc which is valued at $511,849. The GEO Group Inc makes up approx 0.10% of Advisory Services Network’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in GEO by selling 57,150 shares or 83.11% in the most recent quarter. The Hedge Fund company now holds 11,611 shares of GEO which is valued at $273,787.Independent Portfolio Consultants reduced its stake in GEO by selling 255 shares or 5.58% in the most recent quarter. The Hedge Fund company now holds 4,315 shares of GEO which is valued at $101,748. The GEO Group Inc makes up approx 0.03% of Independent Portfolio Consultants’s portfolio. Eqis Capital Management sold out all of its stake in GEO during the most recent quarter. The investment firm sold 7,370 shares of GEO which is valued $173,785.

The GEO Group Inc closed down -0.49 points or -2.09% at $22.99 with 8,11,290 shares getting traded on Friday. Post opening the session at $23.63, the shares hit an intraday low of $22.92 and an intraday high of $23.78 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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. Shares were Reiterated by SunTrust on Sep 1, 2016 to “Buy” and Lowered the Price Target to $ 32 from a previous price target of $38 .Shares were Reiterated by Canaccord Genuity on Aug 24, 2016 to “Buy” and Lowered the Price Target to $ 28 from a previous price target of $38 .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.

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