Nomura Holdings Inc. Acquires Shares of 43,768 Geo Group Inc (The) $GEO

Nomura Holdings Inc. acquired a new stake in Geo Group Inc (The) (NYSE:GEO) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 43,768 shares of the real estate investment trust’s stock, valued at approximately $1,278,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Twin Tree Management LP purchased a new stake in Geo Group in the first quarter valued at $39,000. Harber Asset Management LLC grew its stake in Geo Group by 6.9% during the 1st quarter. Harber Asset Management LLC now owns 197,665 shares of the real estate investment trust’s stock worth $5,774,000 after purchasing an additional 12,835 shares in the last quarter. Evergreen Capital Management LLC grew its stake in Geo Group by 35.1% during the 1st quarter. Evergreen Capital Management LLC now owns 10,896 shares of the real estate investment trust’s stock worth $318,000 after purchasing an additional 2,830 shares in the last quarter. Kore Advisors LP grew its stake in Geo Group by 1.9% during the 1st quarter. Kore Advisors LP now owns 566,550 shares of the real estate investment trust’s stock worth $16,549,000 after purchasing an additional 10,600 shares in the last quarter. Finally, MYDA Advisors LLC purchased a new stake in Geo Group during the 1st quarter worth about $4,382,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Geo Group Trading Up 0.3%

NYSE:GEO opened at $21.04 on Thursday. The business’s 50-day moving average is $23.47 and its two-hundred day moving average is $25.97. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.90 and a quick ratio of 0.90. Geo Group Inc has a 12 month low of $11.75 and a 12 month high of $36.46. The firm has a market capitalization of $2.98 billion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 2.25 and a beta of 0.75.

Geo Group (NYSE:GEO) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. Geo Group had a return on equity of 7.26% and a net margin of 3.69%.The business had revenue of $636.17 million for the quarter, compared to analyst estimates of $621.55 million. During the same period in the previous year, the company earned $0.23 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Research analysts predict that Geo Group Inc will post 0.83 earnings per share for the current fiscal year.

Geo Group declared that its Board of Directors has approved a share buyback plan on Wednesday, August 6th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 8.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

GEO has been the subject of several research reports. Wall Street Zen raised Geo Group from a “sell” rating to a “hold” rating in a report on Friday, May 9th. Wedbush reiterated an “outperform” rating and set a $36.00 target price on shares of Geo Group in a research report on Monday, June 23rd. Finally, Jones Trading cut their target price on Geo Group from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, August 7th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Geo Group currently has a consensus rating of “Buy” and a consensus target price of $37.00.

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.