The GEO Group, Inc. (NYSE:GEO) Holdings Boosted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its holdings in The GEO Group, Inc. (NYSE:GEOFree Report) by 234.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,735 shares of the real estate investment trust’s stock after purchasing an additional 16,633 shares during the period. PNC Financial Services Group Inc.’s holdings in The GEO Group were worth $257,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Handelsbanken Fonder AB lifted its stake in The GEO Group by 4.3% in the 4th quarter. Handelsbanken Fonder AB now owns 21,900 shares of the real estate investment trust’s stock worth $237,000 after acquiring an additional 900 shares in the last quarter. Byrne Asset Management LLC increased its holdings in shares of The GEO Group by 47.8% in the 4th quarter. Byrne Asset Management LLC now owns 6,800 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 2,200 shares during the period. GAMMA Investing LLC purchased a new stake in shares of The GEO Group in the fourth quarter worth approximately $48,000. Illinois Municipal Retirement Fund boosted its holdings in shares of The GEO Group by 7.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 76,146 shares of the real estate investment trust’s stock worth $825,000 after purchasing an additional 5,581 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of The GEO Group by 2.1% during the third quarter. Swiss National Bank now owns 277,000 shares of the real estate investment trust’s stock worth $2,266,000 after purchasing an additional 5,800 shares during the period. Institutional investors and hedge funds own 76.10% of the company’s stock.

Analysts Set New Price Targets

Separately, Wedbush cut their target price on shares of The GEO Group from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th.

Get Our Latest Stock Analysis on The GEO Group

The GEO Group Stock Performance

Shares of GEO stock opened at $13.93 on Friday. The GEO Group, Inc. has a fifty-two week low of $6.94 and a fifty-two week high of $16.31. The stock’s 50-day moving average is $14.39 and its two-hundred day moving average is $12.45. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $1.90 billion, a P/E ratio of 19.61, a PEG ratio of 1.50 and a beta of 0.64.

The GEO Group (NYSE:GEOGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The firm had revenue of $605.67 million during the quarter, compared to analyst estimates of $603.84 million. The GEO Group had a return on equity of 8.88% and a net margin of 4.51%. During the same quarter in the prior year, the company posted $0.22 EPS. Analysts predict that The GEO Group, Inc. will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Scott Michael Kernan sold 5,300 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $13.62, for a total value of $72,186.00. Following the completion of the sale, the director now directly owns 23,936 shares in the company, valued at $326,008.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Scott Michael Kernan sold 5,300 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $13.62, for a total value of $72,186.00. Following the transaction, the director now directly owns 23,936 shares of the company’s stock, valued at approximately $326,008.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Shayn P. March sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $15.00, for a total value of $37,500.00. Following the sale, the chief financial officer now directly owns 67,830 shares of the company’s stock, valued at approximately $1,017,450. The disclosure for this sale can be found here. 5.30% of the stock is owned by insiders.

The GEO Group Company Profile

(Free Report)

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.

Further Reading

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

Receive News & Ratings for The GEO Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The GEO Group and related companies with MarketBeat.com's FREE daily email newsletter.