Bank of New York Mellon Corp Purchases 49,134 Shares of The GEO Group, Inc. (NYSE:GEO)

Bank of New York Mellon Corp grew its position in shares of The GEO Group, Inc. (NYSE:GEO) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,114,771 shares of the real estate investment trust’s stock after purchasing an additional 49,134 shares during the period. Bank of New York Mellon Corp’s holdings in The GEO Group were worth $16,008,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of The GEO Group by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,012,341 shares of the real estate investment trust’s stock valued at $32,624,000 after buying an additional 63,101 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of The GEO Group by 1,116.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,846,814 shares of the real estate investment trust’s stock worth $52,491,000 after acquiring an additional 4,448,385 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of The GEO Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 13,575,361 shares of the real estate investment trust’s stock valued at $147,021,000 after purchasing an additional 58,184 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of The GEO Group during the 4th quarter valued at $3,161,000. Finally, Center Lake Capital Management LLC purchased a new position in The GEO Group in the 4th quarter worth $1,083,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The GEO Group

In other The GEO Group news, Chairman George C. Zoley acquired 100,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average cost of $12.33 per share, for a total transaction of $1,233,000.00. Following the transaction, the chairman now owns 3,900,904 shares in the company, valued at $48,098,146.32. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Chairman George C. Zoley acquired 100,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was acquired at an average cost of $12.33 per share, for a total transaction of $1,233,000.00. Following the acquisition, the chairman now owns 3,900,904 shares of the company’s stock, valued at $48,098,146.32. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Shayn P. March sold 2,500 shares of the firm’s stock in a transaction dated 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 directly owns 65,330 shares of the company’s stock, valued at $1,143,275. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on GEO. Wedbush restated an “outperform” rating and set a $19.00 price target on shares of The GEO Group in a research report on Wednesday, August 7th. StockNews.com cut The GEO Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

The GEO Group Trading Down 0.8 %

NYSE:GEO opened at $13.13 on Friday. The firm has a market capitalization of $1.83 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.44 and a beta of 0.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.36. The company has a fifty day moving average of $14.34 and a 200 day moving average of $13.93. The GEO Group, Inc. has a 52 week low of $7.01 and a 52 week high of $18.05.

The GEO Group (NYSE:GEO) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $607.19 million for 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 last year, the company 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.

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.