Allianz Asset Management GmbH Sells 81,464 Shares of Geo Group Inc (The) $GEO

Core Insights - Allianz Asset Management GmbH reduced its stake in Geo Group Inc by 6.4% in Q3, now holding 1,190,080 shares valued at approximately $24.39 million [2] - Institutional ownership of Geo Group is significant, with 76.10% of the stock held by institutional investors and hedge funds [3] Institutional Investment Activity - Geneos Wealth Management Inc. increased its stake by 245.1% in Q2, now owning 1,101 shares valued at $26,000 after acquiring 782 additional shares [3] - NewEdge Advisors LLC raised its holdings by 81.9% in Q1, now owning 1,864 shares valued at $54,000 after purchasing 839 shares [3] - Covestor Ltd increased its stake by 18.9% in Q3, now owning 3,887 shares valued at $80,000 after acquiring 617 shares [3] - Militia Capital Partners LP lifted its stake by 122.6% in Q2, now owning 6,900 shares valued at $165,000 after purchasing 3,800 shares [3] - Dynamic Technology Lab Private Ltd established a new position worth about $202,000 in Q2 [3] Analyst Ratings - Wall Street Zen upgraded Geo Group from "hold" to "buy" [4] - Weiss Ratings maintained a "hold (c)" rating [4] - Zacks Research upgraded from "strong sell" to "hold" [4] - Jones Trading reduced the price target from $50.00 to $37.00 while maintaining a "buy" rating [4] - The stock has a consensus rating of "Moderate Buy" with a price target of $35.00 [4] Financial Performance - Geo Group reported Q3 earnings of $0.25 EPS, exceeding estimates of $0.22 by $0.03 [6] - Revenue for the quarter was $682.34 million, surpassing estimates of $665.81 million, reflecting a year-over-year increase of 13.1% [6] - The company had a return on equity of 7.42% and a net margin of 9.41% [6] Company Overview - Geo Group is a leading provider of correctional, detention, and community reentry services to government agencies globally [7] - The company operates as a real estate investment trust, focusing on secure facilities for various offender categories and offering integrated services aimed at reducing recidivism [7][8]