Janney Montgomery Scott LLC Takes $335,000 Position in The GEO Group, Inc. (NYSE:GEO)

Janney Montgomery Scott LLC acquired a new stake in shares of The GEO Group, Inc. (NYSE:GEOGet Rating) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 43,492 shares of the real estate investment trust’s stock, valued at approximately $335,000.

A number of other large investors have also recently made changes to their positions in the stock. Versor Investments LP acquired a new position in The GEO Group during the third quarter valued at $531,000. Thompson Siegel & Walmsley LLC lifted its position in The GEO Group by 20.0% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,007,879 shares of the real estate investment trust’s stock valued at $7,761,000 after purchasing an additional 168,242 shares during the period. Raymond James & Associates lifted its position in The GEO Group by 159.8% during the third quarter. Raymond James & Associates now owns 109,701 shares of the real estate investment trust’s stock valued at $845,000 after purchasing an additional 67,473 shares during the period. Eqis Capital Management Inc. acquired a new position in The GEO Group during the third quarter valued at $366,000. Finally, Hodges Capital Management Inc. lifted its position in The GEO Group by 119.5% during the third quarter. Hodges Capital Management Inc. now owns 392,188 shares of the real estate investment trust’s stock valued at $3,020,000 after purchasing an additional 213,549 shares during the period. 76.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at The GEO Group

In other news, SVP James H. Black sold 3,000 shares of the stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $10.99, for a total value of $32,970.00. Following the completion of the sale, the senior vice president now owns 6,373 shares of the company’s stock, valued at approximately $70,039.27. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 5.40% of the stock is owned by corporate insiders.

The GEO Group Stock Down 1.4 %

GEO opened at $11.04 on Wednesday. The GEO Group, Inc. has a twelve month low of $5.20 and a twelve month high of $12.44. The company has a market cap of $1.37 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 0.49 and a beta of 0.67. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.77. The company has a 50-day moving average price of $10.97 and a 200 day moving average price of $8.95.

The GEO Group (NYSE:GEOGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.30). The GEO Group had a net margin of 3.48% and a return on equity of 16.83%. The business had revenue of $616.68 million for the quarter, compared to analysts’ expectations of $605.85 million. Sell-side analysts expect that The GEO Group, Inc. will post 2.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on GEO. Wedbush upgraded shares of The GEO Group from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $10.00 to $14.00 in a research report on Tuesday, November 29th. StockNews.com downgraded shares of The GEO Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 11th.

The GEO Group Company Profile

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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.

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

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