Published On: Sun, Sep 18th, 2016

Geo Group Inc. (GEO) Short Interest Up 243.8% in August

Geo Group Inc. (NYSE:GEO) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 5,426,525 shares, a growth of 243.8% from the August 15th total of 1,578,509 shares. Based on an average trading volume of 6,203,766 shares, the short-interest ratio is currently 0.9 days. Approximately 7.4% of the company’s stock are short sold.
In other Geo Group news, SVP Ann M. Schlarb acquired 1,500 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were acquired at an average price of $19.51 per share, with a total value of $29,265.00. Following the completion of the purchase, the senior vice president now directly owns 11,464 shares of the company’s stock, valued at approximately $223,662.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of GEO. BlackRock Japan Co. Ltd increased its position in Geo Group by 0.4% in the first quarter. BlackRock Japan Co. Ltd now owns 3,907 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 14 shares in the last quarter. Independent Portfolio Consultants Inc. increased its position in Geo Group by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,570 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 15 shares in the last quarter. Pacad Investment Ltd. bought a new position in Geo Group during the second quarter valued at approximately $157,000. Public Employees Retirement System of Ohio increased its position in Geo Group by 12.3% in the second quarter. Public Employees Retirement System of Ohio now owns 5,168 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 567 shares in the last quarter. Finally, Mizuho Asset Management Co. Ltd. bought a new position in Geo Group during the second quarter valued at approximately $187,000. 88.29% of the stock is currently owned by institutional investors.

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Several equities research analysts recently commented on the stock. Canaccord Genuity reissued a “hold” rating on shares of Geo Group in a research note on Monday, June 13th. Zacks Investment Research raised shares of Geo Group from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Tuesday, June 28th. TheStreet lowered shares of Geo Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 18th. Finally, SunTrust Banks Inc. dropped their price objective on shares of Geo Group from $38.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, September 1st.
Geo Group (NYSE:GEO) opened at 23.17 on Friday. The stock has a 50 day moving average of $27.20 and a 200 day moving average of $31.46. The company has a market cap of $1.72 billion, a P/E ratio of 12.46 and a beta of 0.97. Geo Group has a 52 week low of $16.26 and a 52 week high of $35.14.
Geo Group (NYSE:GEO) last announced its earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.02. Geo Group had a net margin of 6.80% and a return on equity of 14.20%. The business had revenue of $548.35 million for the quarter, compared to the consensus estimate of $547.23 million. During the same quarter in the prior year, the firm posted $0.63 earnings per share. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. On average, analysts expect that Geo Group will post $2.89 earnings per share for the current year.
About Geo Group
The GEO Group, Inc is a real estate investment trust (REIT) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.

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