Vontobel Holding Ltd. Acquires Shares of 30,592 The GEO Group, Inc. (NYSE:GEO)

Vontobel Holding Ltd. acquired a new stake in shares of The GEO Group, Inc. (NYSE:GEO) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 30,592 shares of the real estate investment trust’s stock, valued at approximately $393,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System raised its stake in 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 valued at $510,000 after buying an additional 862 shares in the last quarter. Creative Planning grew its holdings in shares of The GEO Group by 9.0% during the third quarter. Creative Planning now owns 11,096 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 919 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of The GEO Group by 1.1% during the second quarter. SummerHaven Investment Management LLC now owns 100,735 shares of the real estate investment trust’s stock valued at $1,447,000 after purchasing an additional 1,098 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of The GEO Group by 3.1% during the first quarter. Commonwealth Equity Services LLC now owns 39,703 shares of the real estate investment trust’s stock valued at $561,000 after purchasing an additional 1,197 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its holdings in shares of The GEO Group by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 106,826 shares of the real estate investment trust’s stock valued at $1,508,000 after purchasing an additional 1,402 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

The GEO Group Stock Up 2.6 %

NYSE:GEO opened at $15.55 on Wednesday. The firm has a market capitalization of $2.12 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 1.68 and a beta of 0.65. The stock has a 50 day moving average of $13.41 and a 200-day moving average of $14.04. The GEO Group, Inc. has a 52 week low of $8.33 and a 52 week high of $18.05. 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 (NYSE:GEO) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $607.19 million during the quarter, compared to the consensus estimate of $606.16 million. During the same period last year, the company earned $0.24 earnings per share. Analysts predict that The GEO Group, Inc. will post 0.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GEO shares. Wedbush reaffirmed an “outperform” rating and set a $17.00 target price on shares of The GEO Group in a report on Thursday, September 19th. StockNews.com lowered The GEO Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

Insider Buying and Selling

In other The GEO Group news, Chairman George C. Zoley acquired 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average cost of $12.33 per share, with a total value of $1,233,000.00. Following the acquisition, the chairman now directly owns 3,900,904 shares of the company’s stock, valued at $48,098,146.32. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.30% of the company’s stock.

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.