The GEO Group Inc (GEO) : Rk Capital Management scooped up 34,800 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 Aug 12, 2016. The investment management firm now holds a total of 650,400 shares of The GEO Group Inc which is valued at $21,092,472.The GEO Group Inc makes up approximately 3.61% of Rk Capital Management’s portfolio.
Other Hedge Funds, Including , Monetary Management Group Inc reduced its stake in GEO by selling 1,600 shares or 29.09% in the most recent quarter. The Hedge Fund company now holds 3,900 shares of GEO which is valued at $126,477. The GEO Group Inc makes up approx 0.06% of Monetary Management Group Inc’s portfolio.Blackrock Japan Ltd reduced its stake in GEO by selling 24 shares or 0.61% in the most recent quarter. The Hedge Fund company now holds 3,883 shares of GEO which is valued at $125,926.California State Teachers Retirement System reduced its stake in GEO by selling 2,600 shares or 1.64% in the most recent quarter. The Hedge Fund company now holds 156,036 shares of GEO which is valued at $5,127,343. The GEO Group Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Baker Ellis Asset Management boosted its stake in GEO in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 10,230 shares of The GEO Group Inc which is valued at $354,060. The GEO Group Inc makes up approx 0.11% of Baker Ellis Asset Management’s portfolio.Sigma Planning Corp boosted its stake in GEO in the latest quarter, The investment management firm added 4,329 additional shares and now holds a total of 24,693 shares of The GEO Group Inc which is valued at $857,341. The GEO Group Inc makes up approx 0.11% of Sigma Planning Corp’s portfolio.
The GEO Group Inc closed down -0.66 points or -3.01% at $21.25 with 53,94,241 shares getting traded on Monday. Post opening the session at $22, the shares hit an intraday low of $20.18 and an intraday high of $22.59 and the price fluctuated in this range throughout the day.Shares ended Monday 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 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.