Chesapeake Capital Corp IL Sells 18,200 Shares of The GEO Group, Inc. (NYSE:GEO)

Chesapeake Capital Corp IL trimmed its position in shares of The GEO Group, Inc. (NYSE:GEO) by 51.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,200 shares of the real estate investment trust’s stock after selling 18,200 shares during the period. Chesapeake Capital Corp IL’s holdings in The GEO Group were worth $247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in shares of The GEO Group by 1,116.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,846,814 shares of the real estate investment trust’s stock valued at $52,491,000 after buying an additional 4,448,385 shares during the period. Nisa Investment Advisors LLC increased its position in shares of The GEO Group by 131.8% during the second quarter. Nisa Investment Advisors LLC now owns 1,037,881 shares of the real estate investment trust’s stock valued at $14,904,000 after buying an additional 590,099 shares during the period. Center Lake Capital Management LLC increased its position in shares of The GEO Group by 500.0% during the first quarter. Center Lake Capital Management LLC now owns 600,000 shares of the real estate investment trust’s stock valued at $8,472,000 after buying an additional 500,000 shares during the period. Beaconlight Capital LLC purchased a new stake in The GEO Group in the first quarter worth about $5,754,000. Finally, Great Lakes Advisors LLC grew its holdings in The GEO Group by 1,803.4% in the second quarter. Great Lakes Advisors LLC now owns 312,508 shares of the real estate investment trust’s stock worth $4,488,000 after purchasing an additional 296,090 shares during the period. 76.10% of the stock is owned by institutional investors.

The GEO Group Trading Up 0.1 %

Shares of NYSE GEO opened at $13.46 on Wednesday. The firm’s 50 day moving average price is $14.27 and its 200-day moving average price is $13.97. The company has a market cap of $1.88 billion, a PE ratio of 18.96, a P/E/G ratio of 1.45 and a beta of 0.66. The GEO Group, Inc. has a 52-week low of $7.01 and a 52-week high of $18.05. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.26.

The GEO Group (NYSE:GEO) last issued its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $607.19 million during the quarter, compared to the consensus estimate of $606.16 million. The GEO Group had a return on equity of 8.87% and a net margin of 1.92%. During the same quarter in the prior year, the company posted $0.24 EPS. On average, equities research analysts expect that The GEO Group, Inc. will post 0.91 EPS for the current fiscal year.

Insider Activity at The GEO Group

In related news, Chairman George C. Zoley acquired 100,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of $12.22 per share, for a total transaction of $1,222,000.00. Following the completion of the transaction, the chairman now directly owns 3,800,904 shares in the company, valued at $46,447,046.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman George C. Zoley acquired 100,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of $12.22 per share, for a total transaction of $1,222,000.00. Following the completion of the transaction, the chairman now directly owns 3,800,904 shares in the company, valued at $46,447,046.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Shayn P. March sold 2,500 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $17.50, for a total transaction of $43,750.00. Following the transaction, the executive vice president now owns 65,330 shares in the company, valued at approximately $1,143,275. The disclosure for this sale can be found here. 5.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GEO shares. Wedbush restated an “outperform” rating and issued a $19.00 price objective on shares of The GEO Group in a report on Wednesday, August 7th. StockNews.com cut shares of The GEO Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

About The GEO Group

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.