The GEO Group Inc (GEO) : Advisory Services Network scooped up 1,788 additional shares in The GEO Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 22,264 shares of The GEO Group Inc which is valued at $511,849.The GEO Group Inc makes up approximately 0.10% of Advisory Services Network’s portfolio.
Other Hedge Funds, Including , Simplex Trading added GEO to its portfolio by purchasing 909 company shares during the most recent quarter which is valued at $20,898.Independent Portfolio Consultants reduced its stake in GEO by selling 255 shares or 5.58% in the most recent quarter. The Hedge Fund company now holds 4,315 shares of GEO which is valued at $101,748. The GEO Group Inc makes up approx 0.03% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in GEO by selling 57,150 shares or 83.11% in the most recent quarter. The Hedge Fund company now holds 11,611 shares of GEO which is valued at $273,787. Eqis Capital Management sold out all of its stake in GEO during the most recent quarter. The investment firm sold 7,370 shares of GEO which is valued $173,785.
The GEO Group Inc closed down -0.49 points or -2.09% at $22.99 with 8,11,290 shares getting traded on Friday. Post opening the session at $23.63, the shares hit an intraday low of $22.92 and an intraday high of $23.78 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, The GEO Group Inc reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.71. The company had revenue of $548.35 million for the quarter, compared to analysts expectations of $546.98 million. The company’s revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.
Many Wall Street Analysts have commented on The GEO Group Inc. Shares were Reiterated by SunTrust on Sep 1, 2016 to “Buy” and Lowered the Price Target to $ 32 from a previous price target of $38 .Shares were Reiterated by Canaccord Genuity on Aug 24, 2016 to “Buy” and Lowered the Price Target to $ 28 from a previous price target of $38 .Company shares were Reiterated by Canaccord Genuity on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $37 .
The GEO Group Inc. is a real estate investment trust (REIT) which specializes 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 and the United Kingdom. The Company operates in four segments: U.S. Corrections & Detention segment which encompasses its United States-based privatized corrections and detention business; GEO Care segment encompasses its United States-based privatized corrections and detention business youth services business and electronic monitoring and supervision service; International Services segment which consists of its privatized corrections and detention operations in South Africa Australia and the United Kingdom and Facility Construction & Design segment which contracts with various states local and federal agencies as well as international agencies for the design and construction of facilities.