JB Capital Partners LP Buys New Stake in Geo Group Inc (The) $GEO

JB Capital Partners LP purchased a new position in shares of Geo Group Inc (The) (NYSE:GEO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 80,000 shares of the real estate investment trust’s stock, valued at approximately $2,364,000,000. JB Capital Partners LP owned 0.06% of Geo Group at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Geo Group in the second quarter valued at about $570,744,000. Rubric Capital Management LP boosted its position in shares of Geo Group by 139.5% in the third quarter. Rubric Capital Management LP now owns 2,986,915 shares of the real estate investment trust’s stock worth $61,202,000 after buying an additional 1,739,522 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Geo Group in the second quarter valued at about $47,605,000. UBS Group AG grew its stake in shares of Geo Group by 56.5% in the third quarter. UBS Group AG now owns 3,603,288 shares of the real estate investment trust’s stock valued at $73,831,000 after buying an additional 1,300,139 shares in the last quarter. Finally, Cooper Creek Partners Management LLC grew its stake in shares of Geo Group by 32.7% in the third quarter. Cooper Creek Partners Management LLC now owns 4,974,772 shares of the real estate investment trust’s stock valued at $101,933,000 after buying an additional 1,224,847 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Geo Group Trading Up 3.4%

Shares of GEO opened at $32.80 on Friday. The company has a market capitalization of $4.32 billion, a P/E ratio of 15.47, a P/E/G ratio of 1.73 and a beta of 0.79. Geo Group Inc has a one year low of $12.51 and a one year high of $32.92. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a 50-day moving average price of $30.32 and a 200 day moving average price of $22.70.

Geo Group (NYSE:GEO) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.08. Geo Group had a return on equity of 10.42% and a net margin of 10.31%.The company had revenue of $732.07 million for the quarter, compared to the consensus estimate of $721.43 million. During the same period in the previous year, the business earned $0.22 EPS. Geo Group’s revenue for the quarter was up 15.1% compared to the same quarter last year. Sell-side analysts forecast that Geo Group Inc will post 1.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on GEO. Noble Financial reissued an “outperform” rating on shares of Geo Group in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Zacks Research raised shares of Geo Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. UBS Group restated an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. Finally, JonesTrading raised their price target on shares of Geo Group from $33.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $40.00.

About Geo Group

The GEO Group (NYSE:GEO) is a leading provider of correctional, detention and community reentry services to government agencies around the world. As a real estate investment trust, the company specializes in the design, financing, development and operation of secure facilities for adult and juvenile offenders, immigration detainees and individuals requiring mental health treatment or substance abuse programming. GEO’s integrated service model also encompasses electronic monitoring, rehabilitative programming and post-release supervision aimed at reducing recidivism and enhancing public safety.

GEO’s portfolio spans a range of facility types, including medium- and maximum-security correctional institutions, residential reentry centers, mental health treatment units and immigration detention centers.