42 hedge funds buy The GEO Group, Inc. (GEO) for the first time

The GEO Group, Inc. (NYSE:GEO) has made a 12.64% comeback from a 12-month low price of $18.43. It was seen 3.9% higher, changing the price to $20.76, when the closing bell rang on 01/08/2019. At recent session, the prices were hovering between $20.165 and $20.76. This company shares are 36.46% off its target price of $28.33 and the current market capitalization stands at $2.47B. The recent change has given its price a -5.5% deficit over SMA 50 and -26.02% deficit over its 52-week high. The stock witnessed -11.32% declines, -13.72% declines and -20.4% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GEO’s volatility during a week at 2.81% and during a month it has been found around 3.74%.

The GEO Group, Inc. (GEO) Top Holders

Institutional investors currently hold around $2.22 billion or 89.2% in GEO stock. Look at its top three institutional owners. Vanguard Group Inc owns $348.8 million in The GEO Group, Inc., which represents roughly 14.12% of the company’s market cap and approximately 15.75% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 14,592,783 shares of the stock are valued at $291.56 million. The third largest holder is Barrow Hanley Mewhinney & Strauss Llc, which currently holds $167.18 million worth of this stock and that ownership represents nearly 6.77% of its market capitalization.

The GEO Group, Inc. 13F Filings

At the end of September reporting period, 137 institutional holders increased their position in The GEO Group, Inc. (NYSE:GEO) by some 13,028,836 shares, 106 decreased positions by 13,708,163 and 42 held positions by 84,101,784. That puts total institutional holdings at 110,838,783 shares, according to SEC filings. The stock grabbed 42 new institutional investments totaling 5,314,819 shares while 17 institutional investors sold out their entire positions totaling 6,579,691 shares.

The GEO Group, Inc. (NYSE:GEO) Insider Trades

Multiple company employees have indulged in significant insider trading. The GEO Group, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Wheeler Christopher C. has sold 1,000 shares of The GEO Group, Inc. (GEO) in trading session dated Dec. 10, 2018. These shares are worth $23,010 and were traded at $23.01 each. The SEC filing shows that Zoley George C performed a purchase of 50,000 shares. The Chairman & CEO added these shares by way of transaction on Nov. 21, 2018. The company’s shares were assimilated at $22.33 per share worth to an investment of some $1,116,500 on account of Zoley George C.

Chairman & CEO, Zoley George C, purchased 120,240 common shares of The GEO Group, Inc. (GEO) in the open market. In a transaction dated Nov. 12, 2018, the shares were bought at an average price of $22.45, giving away a sum of $2,699,388. After this purchase, 375,002 common shares of GEO are directly owned by the insider, with total stake valued at $7,785,042.

In the transaction dated Aug. 30, 2018, the great number of shares disposed came courtesy the SVP-Business Development; Venturella David J disposed a total of 4,500 shares at an average price of $25.55, amounting to approximately $114,975. The insider now directly owns 75,000 shares worth $1,557,000.

The GEO Group, Inc. (GEO) Analyst Guide

Several analysts have released their opinion on The GEO Group, Inc. (NYSE:GEO), with 0 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.33 average brokerage recommendation.