12,250 Shares in The GEO Group, Inc. (NYSE:GEO) Acquired by Clear Harbor Asset Management LLC

by · The Markets Daily

Clear Harbor Asset Management LLC acquired a new stake in shares of The GEO Group, Inc. (NYSE:GEO – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,250 shares of the real estate investment trust’s stock, valued at approximately $157,000.

A number of other institutional investors have also recently added to or reduced their stakes in GEO. Sound Income Strategies LLC grew its position in shares of The GEO Group by 472.1% during the third quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 2,625 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of The GEO Group by 38.5% in the third quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 1,910 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in shares of The GEO Group by 62.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 2,393 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of The GEO Group during the third quarter worth approximately $121,000. Finally, Innealta Capital LLC bought a new position in The GEO Group in the 2nd quarter worth approximately $140,000. 76.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The GEO Group

In other news, Chairman George C. Zoley purchased 100,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of $12.33 per share, for a total transaction of $1,233,000.00. Following the completion of the acquisition, the chairman now directly owns 3,900,904 shares of the company’s stock, valued at $48,098,146.32. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GEO. StockNews.com lowered The GEO Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Wedbush reiterated an “outperform” rating and issued a $17.00 price objective on shares of The GEO Group in a report on Thursday, September 19th.

Read Our Latest Analysis on The GEO Group

The GEO Group Trading Down 0.4 %

Shares of NYSE:GEO opened at $15.19 on Monday. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 58.43, a PEG ratio of 1.68 and a beta of 0.65. The GEO Group, Inc. has a 1-year low of $8.33 and a 1-year high of $18.05. The company has a 50 day moving average price of $13.61 and a 200 day moving average price of $14.03. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.26.

The GEO Group (NYSE:GEO – Get Free Report) last issued its earnings results 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 company had revenue of $607.19 million during the quarter, compared to analyst estimates of $606.16 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. On average, research analysts anticipate that The GEO Group, Inc. will post 0.91 EPS for the current fiscal year.

The GEO Group Company Profile

(Free Report)

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.

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