The GEO Group, Inc. (NYSE:GEO) Shares Bought by Privium Fund Management UK Ltd

Privium Fund Management UK Ltd increased its position in The GEO Group, Inc. (NYSE:GEO) by 33.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,315 shares of the real estate investment trust’s stock after acquiring an additional 4,578 shares during the period. Privium Fund Management UK Ltd’s holdings in The GEO Group were worth $280,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GEO. Benjamin F. Edwards & Company Inc. grew its position in shares of The GEO Group by 399.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,852 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 3,081 shares during the last quarter. Tidemark LLC purchased a new position in The GEO Group during the fourth quarter worth $71,000. Avantax Advisory Services Inc. purchased a new position in The GEO Group during the fourth quarter worth $114,000. Innealta Capital LLC acquired a new position in shares of The GEO Group in the second quarter worth $140,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of The GEO Group by 568.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,326 shares of the real estate investment trust’s stock valued at $160,000 after acquiring an additional 9,632 shares in the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.

The GEO Group Stock Performance

NYSE GEO opened at $13.21 on Wednesday. The business’s 50-day moving average price is $14.37 and its 200 day moving average price is $13.92. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The GEO Group, Inc. has a twelve month low of $7.01 and a twelve month high of $18.05. The company has a market capitalization of $1.84 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.53 and a beta of 0.66.

The GEO Group (NYSE:GEO) last released its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The GEO Group had a return on equity of 8.87% and a net margin of 1.92%. The company had revenue of $607.19 million during the quarter, compared to analyst estimates of $606.16 million. During the same period in the prior year, the business posted $0.24 earnings per share. On average, research analysts predict that The GEO Group, Inc. will post 0.91 earnings per share for the current year.

Insider Activity

In related news, EVP Shayn P. March sold 2,500 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $17.50, for a total value of $43,750.00. Following 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 filing with the Securities & Exchange Commission, which is available at this link. In related 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 value of $43,750.00. Following the transaction, the executive vice president now owns 65,330 shares in the company, valued at $1,143,275. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman George C. Zoley purchased 100,000 shares of The GEO Group stock in a transaction on Monday, August 12th. The shares were acquired at an average cost of $12.33 per share, for a total transaction of $1,233,000.00. Following the completion of the transaction, the chairman now owns 3,900,904 shares of the company’s stock, valued at $48,098,146.32. The disclosure for this purchase can be found here. Corporate insiders own 5.30% of the company’s stock.

Wall Street Analysts Forecast Growth

GEO has been the subject of several analyst reports. StockNews.com downgraded shares of The GEO Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Wedbush reissued an “outperform” rating and issued a $19.00 price objective on shares of The GEO Group in a research report on Wednesday, August 7th.

About The GEO Group

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.