Texas Permanent School Fund Has $904,000 Position in The GEO Group, Inc. (NYSE:GEO)

Texas Permanent School Fund reduced its position in shares of The GEO Group, Inc. (NYSE:GEO – Get Rating) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,598 shares of the real estate investment trust’s stock after selling 6,367 shares during the period. Texas Permanent School Fund’s holdings in The GEO Group were worth $904,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in GEO. Point72 Hong Kong Ltd acquired a new position in The GEO Group in the 3rd quarter valued at $34,000. Optimum Investment Advisors bought a new stake in shares of The GEO Group during the 4th quarter valued at $44,000. Captrust Financial Advisors bought a new stake in shares of The GEO Group during the 2nd quarter valued at $44,000. Metropolitan Life Insurance Co NY lifted its position in shares of The GEO Group by 25.6% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 7,175 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 1,462 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of The GEO Group during the 2nd quarter valued at $71,000. 76.58% of the stock is owned by institutional investors and hedge funds.

The GEO Group Price Performance

The GEO Group stock opened at $8.38 on Tuesday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.27 and a current ratio of 1.27. The GEO Group, Inc. has a 52 week low of $5.97 and a 52 week high of $12.44. The stock has a market capitalization of $1.06 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 0.88 and a beta of 0.72. The stock has a fifty day moving average of $7.93 and a 200-day moving average of $9.57.

The GEO Group (NYSE:GEO – Get Rating) last posted its quarterly earnings results on Tuesday, February 14th. The real estate investment trust reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.21). The GEO Group had a return on equity of 14.23% and a net margin of 6.64%. The business had revenue of $620.70 million for the quarter, compared to analyst estimates of $604.40 million. During the same period last year, the firm posted $0.65 EPS. The GEO Group’s quarterly revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts expect that The GEO Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on The GEO Group in a research report on Thursday, March 16th. They set a “hold” rating for the company.

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.