Vanguard Boosts GEO Group Stake to 13.1% as of Dec 29, 2023

TL;DR

**Vanguard upped its GEO Group stake to 13.1%, a bullish sign for the stock.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in GEO Group Inc. As of December 29, 2023, Vanguard holds 15,992,207 shares of GEO Group's Common Stock, representing 13.1% of the company. This is an increase from their previous reported stake, indicating Vanguard's continued confidence in the private prison and mental health facility operator, which could signal stability or growth potential for current and prospective shareholders.

Why It Matters

When a major institutional investor like Vanguard increases its stake, it often signals a positive outlook on the company's future performance, potentially influencing other investors and the stock price.

Risk Assessment

Risk Level: low — An increase in institutional ownership by a large, diversified fund like Vanguard generally reduces risk by providing a stable shareholder base.

Analyst Insight

A smart investor would view Vanguard's increased stake as a potential vote of confidence, prompting further research into GEO Group's fundamentals and future prospects, especially given the company's unique industry.

Key Numbers

• 15,992,207 — Shares Owned (The total number of Common Stock shares of GEO Group Inc. beneficially owned by The Vanguard Group as of December 29, 2023.)
• 13.1% — Ownership Percentage (The percentage of GEO Group Inc.'s Common Stock owned by The Vanguard Group, indicating a significant institutional stake.)
• 36162J106 — CUSIP Number (The unique identification number for GEO Group Inc.'s Common Stock, confirming the specific security being reported.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• GEO Group Inc (company) — subject company, a private prison and mental health facility operator
• 15,992,207 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 13.1% (dollar_amount) — percentage of GEO Group's class of securities owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• GEO Group Inc. stock may experience increased investor confidence due to Vanguard's significant and growing stake. (GEO Group Inc.) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• tv01010-geogroupincthe.htm (SC 13G/A) — 11KB
• 0001104659-24-021012.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: GEO Group Inc/The

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 4955 Technology Way Boca Raton, FL 33431-3367

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 36162J106

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR