Oppenheimer & Co. Inc. Makes New Investment in The GEO Group, Inc. (NYSE:GEO)

Posted by on May 17th, 2023

Oppenheimer & Co. Inc. purchased a new position in shares of The GEO Group, Inc. (NYSE:GEO – Get Rating) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,465 shares of the real estate investment trust’s stock, valued at approximately $115,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. acquired a new position in shares of The GEO Group in the 4th quarter valued at $17,275,000. Renaissance Technologies LLC boosted its holdings in shares of The GEO Group by 94.1% in the 3rd quarter. Renaissance Technologies LLC now owns 2,030,991 shares of the real estate investment trust’s stock valued at $15,639,000 after buying an additional 984,461 shares in the last quarter. Two Sigma Investments LP boosted its holdings in shares of The GEO Group by 87.8% in the 3rd quarter. Two Sigma Investments LP now owns 2,039,890 shares of the real estate investment trust’s stock valued at $15,707,000 after buying an additional 953,567 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in shares of The GEO Group by 42.1% in the 3rd quarter. Two Sigma Advisers LP now owns 2,221,649 shares of the real estate investment trust’s stock valued at $17,107,000 after buying an additional 658,500 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its holdings in shares of The GEO Group by 155.8% in the 4th quarter. Hodges Capital Management Inc. now owns 1,003,199 shares of the real estate investment trust’s stock valued at $10,985,000 after buying an additional 611,011 shares in the last quarter. Institutional investors and hedge funds own 76.58% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of The GEO Group in a research report on Thursday, March 16th. They issued a “hold” rating for the company.

The GEO Group Stock Up 0.1 %

GEO stock opened at $8.39 on Wednesday. The company has a fifty day moving average price of $7.93 and a 200 day moving average price of $9.57. The GEO Group, Inc. has a 12 month low of $5.97 and a 12 month high of $12.44. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 0.92 and a beta of 0.72. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.27 and a quick ratio of 1.27.

The GEO Group (NYSE:GEO – Get Rating) last released its quarterly earnings results on Tuesday, February 14th. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.21). The GEO Group had a net margin of 6.64% and a return on equity of 14.23%. The business had revenue of $620.70 million during the quarter, compared to analysts’ expectations of $604.40 million. During the same quarter last year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. Sell-side analysts expect that The GEO Group, Inc. will post 0.94 earnings per share for the current year.

The GEO Group Profile

(Get Rating)

The GEO Group, Inc engages in the design, financing, development, and support services for secure facilities, processing centers, and community re-entry facilities. It operates through the following segments: U.S. Secure, Electronic Monitoring and Supervision, Reentry, and International Services. The U.S.

Read More

Want to see what other hedge funds are holding GEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The GEO Group, Inc. (NYSE:GEO – Get Rating).

Institutional Ownership by Quarter for The GEO Group (NYSE:GEO)

Receive News & Ratings for The GEO Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The GEO Group and related companies with MarketBeat.com's FREE daily email newsletter.