Strategic Investment Portfolio Manager, Abrdn plc, witnessed a significant decrease in its shares of The GEO Group, Inc. by 18.9% during the fourth quarter as per the latest disclosure with the Securities and Exchange Commission (SEC). The aforementioned firm now holds 58,400 shares of the real estate investment trust’s stock after divesting 13,600 shares during the period. valued at $639,000 at quarter-end.
On another note, The GEO Group reported its earnings results for Q1 ’21 on April 25th and showcased an EPS of $0.22 over the preceding quarter. Conversely, revenues for Q1 were distinguished at $608.21 million compared to $605.60 million estimated by researchers.
The GEO Group is primarily engaged in financing and developing safe facilities while administering associated support services such as centers dedicated to processing and community re-entry facilities. It operates through four segments classified as U.S., Secure Electronic Monitoring & Supervision (EMS), Re-entry, and International Services.
Moreover, analysts expect that The GEO Group Inc.’s growth margin will reach 0.93 EPS for this year.
Despite Abrdn’s sale of holdings in The GEO Group; hence questioning investors regarding possible reasons behind it; market experts speculate factors such as fluctuating trends in security investments or changes in global policies regarding rehabilitation may have impacted the sell-off decision.
It remains crucial to remain up-to-date with company news while following some financial trends to maintain an optimal investment portfolio overall – be it long-term or short-term-based – while exercising prudence before making any impactful investment decisions so that they align with one’s risk tolerance and personal financial goals consistently.
Reference date: according to the company in its most recent disclosure with SEC
Institutional Shareholders Increase Positions in Real Estate Investment Trust The GEO Group
The GEO Group, a real estate investment trust that specializes in secure facilities, processing centers, and community re-entry facilities, has recently undergone several changes in its shareholder positions. In the fourth quarter of last year, institutional investor SummerHaven Investment Management LLC boosted its position in The GEO Group by 1%, and now owns over 120,000 shares valued at $1.3 million. Arizona State Retirement System followed up with a 3.8% increase in position during the same quarter, with James Investment Research Inc. not far behind with a 20% increase, and Metropolitan Life Insurance Co. NY increasing its position by 25.6%.
Raymond James & Associates also increased their position during this year’s first quarter by 3.4%. Ultimately, hedge funds and other institutional investors own over three-fourths of The GEO Group’s stock at present.
Shares of NYSE GEO opened at $7.67 on May 22nd with a market cap just under $1 billion USD. After hitting its year-long high of $12.44 USD last August, the stock has continued to decrease gradually while still reflecting solid operating results for the company.
In related news earlier this month, Senior Vice President James H. Black sold a little over 12 thousand shares of The GEO Group’s stock at an average price of $8.36 USD per share for a total transaction value of slightly over $107 thousand USD.
StockNews.com also recently initiated coverage on The GEO Group with a “hold” rating on the stock.
Overall – despite changing positions from some shareholders and fluctuations in recent years – there are clear positives shown through safety improvements alongside customer satisfaction reports on industries served; however inevitable risks facing newcomers exist within these sectors thanks to prevailing competition along regulatory shifts demanded more transparency from service providers such as Geo Group if they plan to maintain levels returned thus far!
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