SEC Form SC 13G filed by Geo Group Inc REIT

2/9/23 10:59:20 AM ET

Homebuilding

Consumer Discretionary

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SC 13G 1 filing.txt SCHEDULE 13G Amendment No.0 GEO GROUP INC/THE COMMON STOCK Cusip #36162J106 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #36162J106 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 7,804,468 Item 6: 0 Item 7: 7,813,308 Item 8: 0 Item 9: 7,813,308 Item 11: 6.293% Item 12: HC Cusip #36162J106 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 7,813,308 Item 8: 0 Item 9: 7,813,308 Item 11: 6.293% Item 12: IN Item 1(a). Name of Issuer: GEO GROUP INC/THE Item 1(b). Address of Issuer's Principal Executive Offices: 4955 Technology Way Boca Raton, FL 33431 US Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 36162J106 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 7,813,308 (b) Percent of Class: 6.293% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 7,813,308 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of GEO GROUP INC/THE. No one other person's interest in the COMMON STOCK of GEO GROUP INC/THE is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. 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 orinfluencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 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. February 9, 2023 Date /s/ Stephanie J. Brown Signature Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification FIAM LLC IA Fidelity Institutional Asset Management Trust Company BK Fidelity Management & Research Company LLC IA Fidelity Management Trust Company BK Strategic Advisers LLC IA Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on February 9, 2023, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of GEO GROUP INC/THE at December 30, 2022. FMR LLC By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Stephanie J. Brown Stephanie J. Brown Duly authorized under Power of Attorney effective as of January, 26, 2023, by and on behalf of Abigail P. Johnson** * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038.

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Date

Price Target

Rating

Analyst

3/5/2025

$32.00

Market Perform → Outperform

Noble Capital Markets

11/11/2024

Outperform → Market Perform

Noble Capital Markets

10/2/2023

$14.00

Outperform

Northland Capital

11/29/2022

$10.00 → $14.00

Neutral → Outperform

Wedbush

SEC Form SC 13G filed by Geo Group Inc REIT

2/9/23 10:59:20 AM ET

$GEO

Homebuilding

Consumer Discretionary

Get the next $GEO alert in real time by email

Date

Price Target

Rating

Analyst

3/5/2025

$32.00

Market Perform → Outperform

Noble Capital Markets

11/11/2024

Outperform → Market Perform

Noble Capital Markets

10/2/2023

$14.00

Outperform

Northland Capital

11/29/2022

$10.00 → $14.00

Neutral → Outperform

Wedbush

SEC Form SC 13G filed by Geo Group Inc REIT

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
$GEO

SEC Form SC 13G filed by Geo Group Inc REIT

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
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Press Releases

The GEO Group Announces Date for Third Quarter 2025 Earnings Release and Conference Call

The GEO Group Awarded Contract by U.S. Immigration and Customs Enforcement for Continued Provision of Services Under Intensive Supervision Appearance Program

The GEO Group Announces Contracts for Three Correctional and Rehabilitation Facilities in Florida

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Insider Trading

Executive Chairman Zoley George C sold $1,950,068 worth of shares (93,528 units at $20.85), decreasing direct ownership by 2% to 3,850,904 units (SEC Form 4)

Amendment: Executive Chairman Zoley George C sold $1,310,922 worth of shares (62,353 units at $21.02), decreasing direct ownership by 2% to 3,944,432 units (SEC Form 4)

Executive Chairman Zoley George C sold $1,283,554 worth of shares (61,053 units at $21.02), decreasing direct ownership by 2% to 3,945,732 units (SEC Form 4)

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Insider Purchases

Executive Chairman Zoley George C bought $3,071,000 worth of shares (250,000 units at $12.28), increasing direct ownership by 7% to 3,950,904 units (SEC Form 4)

Zoley George C bought $624,025 worth of shares (50,000 units at $12.48), increasing direct ownership by 1% to 3,700,904 units (SEC Form 4)

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SEC Filings

SEC Form 8-K filed by Geo Group Inc REIT

SEC Form 8-K filed by Geo Group Inc REIT

SEC Form 10-Q filed by Geo Group Inc REIT

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Analyst Ratings

Geo Group upgraded by Noble Capital Markets with a new price target

Geo Group downgraded by Noble Capital Markets

Northland Capital initiated coverage on Geo Group with a new price target

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Leadership Updates

The GEO Group Announces $70 Million Investment in Expanding ICE Services Capabilities and New Corporate Reorganization

The GEO Group Announces Appointment of Chief Financial Officer

The GEO Group Announces the Appointment of George C. Zoley as Executive Chairman and Jose Gordo as Chief Executive Officer

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Financials

The GEO Group Announces Date for Third Quarter 2025 Earnings Release and Conference Call

The GEO Group Reports Second Quarter 2025 Results and Announces $300 Million Share Repurchase Program

The GEO Group Announces Date for Second Quarter 2025 Earnings Release and Conference Call

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Large Ownership Changes