Texas Permanent School Fund Corp Decreases Stock Holdings in The GEO Group, Inc. (NYSE:GEO)

Texas Permanent School Fund Corp reduced its holdings in shares of The GEO Group, Inc. (NYSE:GEO) by 10.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,806 shares of the real estate investment trust’s stock after selling 11,020 shares during the quarter. Texas Permanent School Fund Corp owned 0.07% of The GEO Group worth $1,376,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GEO. Great Lakes Advisors LLC boosted its stake in shares of The GEO Group by 1,803.4% in the second quarter. Great Lakes Advisors LLC now owns 312,508 shares of the real estate investment trust’s stock valued at $4,488,000 after purchasing an additional 296,090 shares during the period. Arizona State Retirement System raised its holdings in shares of The GEO Group by 2.5% during the second quarter. Arizona State Retirement System now owns 35,525 shares of the real estate investment trust’s stock worth $510,000 after purchasing an additional 862 shares during the period. Victory Capital Management Inc. raised its holdings in shares of The GEO Group by 112.2% during the second quarter. Victory Capital Management Inc. now owns 174,414 shares of the real estate investment trust’s stock worth $2,505,000 after purchasing an additional 92,210 shares during the period. Privium Fund Management UK Ltd raised its holdings in shares of The GEO Group by 33.3% during the second quarter. Privium Fund Management UK Ltd now owns 18,315 shares of the real estate investment trust’s stock worth $280,000 after purchasing an additional 4,578 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of The GEO Group by 5.1% during the second quarter. Rhumbline Advisers now owns 403,223 shares of the real estate investment trust’s stock worth $5,790,000 after purchasing an additional 19,523 shares during the period. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

The GEO Group Price Performance

NYSE GEO opened at $12.49 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.26 and a quick ratio of 1.26. The GEO Group, Inc. has a 52-week low of $7.38 and a 52-week high of $18.05. The company has a 50 day simple moving average of $14.00 and a 200-day simple moving average of $13.98. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 1.45 and a beta of 0.66.

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

Analyst Ratings Changes

GEO has been the topic of a number of research reports. Wedbush reissued an “outperform” rating and set a $17.00 target price on shares of The GEO Group in a report on Thursday. StockNews.com lowered shares of The GEO Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

Insider Transactions at The GEO Group

In related news, EVP Shayn P. March sold 2,500 shares of the business’s 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 sale, the executive vice president now owns 65,330 shares of the company’s stock, valued at approximately $1,143,275. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Shayn P. March sold 2,500 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $17.50, for a total transaction of $43,750.00. Following the completion of the sale, the executive vice president now owns 65,330 shares in the company, valued at $1,143,275. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman George C. Zoley bought 100,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of $12.33 per share, with a total value of $1,233,000.00. Following 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. 5.30% of the stock is owned by insiders.

The GEO Group Profile

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.