The GEO Group Inc (GEO) : Roanoke Asset Management Corp Ny reduced its stake in The GEO Group Inc by 0.18% during the most recent quarter end. The investment management company now holds a total of 138,568 shares of The GEO Group Inc which is valued at $4,553,344 after selling 253 shares in The GEO Group Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.The GEO Group Inc makes up approximately 2.00% of Roanoke Asset Management Corp Ny’s portfolio.
Other Hedge Funds, Including , Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in GEO in the latest quarter, The investment management firm added 550 additional shares and now holds a total of 11,896 shares of The GEO Group Inc which is valued at $390,903. The GEO Group Inc makes up approx 0.01% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio. Clarivest Asset Management sold out all of its stake in GEO during the most recent quarter. The investment firm sold 32,800 shares of GEO which is valued $1,135,208.Huntington National Bank reduced its stake in GEO by selling 85 shares or 18.09% in the most recent quarter. The Hedge Fund company now holds 385 shares of GEO which is valued at $13,221.Daiwa Securities Group boosted its stake in GEO in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 2,700 shares of The GEO Group Inc which is valued at $92,718.Miller Howard Investments Inc Ny reduced its stake in GEO by selling 534 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 202,650 shares of GEO which is valued at $7,036,008. The GEO Group Inc makes up approx 0.12% of Miller Howard Investments Inc Ny’s portfolio.
The GEO Group Inc opened for trading at $32.48 and hit $32.63 on the upside on Monday, eventually ending the session at $32.52, with a gain of 0.59% or 0.19 points. The heightened volatility saw the trading volume jump to 3,62,774 shares. Company has a market cap of $2,439 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.