Geo Group Inc (The) (NYSE:GEO - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $32.25 and last traded at $30.65, with a volume of 2191821 shares trading hands. The stock had previously closed at $30.69.
More Geo Group News
Here are the key news stories impacting Geo Group this week:
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Noble Financial reissued an "outperform" rating on shares of Geo Group in a report on Monday. Northland Securities upped their price objective on Geo Group from $30.00 to $40.00 and gave the stock an "outperform" rating in a research note on Friday, June 26th. JonesTrading increased their target price on Geo Group from $33.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Wall Street Zen cut Geo Group from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Finally, UBS Group reiterated an "outperform" rating on shares of Geo Group in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $40.00.
Get Our Latest Report on Geo Group
Geo Group Trading Down 0.1%
The firm's 50-day simple moving average is $29.41 and its 200 day simple moving average is $21.84. The stock has a market cap of $4.10 billion, a P/E ratio of 14.46, a PEG ratio of 1.68 and a beta of 0.79. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.00.
Geo Group (NYSE:GEO - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.08. The company had revenue of $732.07 million for the quarter, compared to analysts' expectations of $721.43 million. Geo Group had a return on equity of 10.42% and a net margin of 10.31%.The business's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. As a group, equities research analysts anticipate that Geo Group Inc will post 1.3 earnings per share for the current year.
Hedge Funds Weigh In On Geo Group
A number of institutional investors and hedge funds have recently bought and sold shares of GEO. Geneos Wealth Management Inc. raised its position in shares of Geo Group by 245.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,101 shares of the real estate investment trust's stock worth $26,000 after buying an additional 782 shares in the last quarter. Global Retirement Partners LLC bought a new position in Geo Group during the 2nd quarter valued at $34,000. Bessemer Group Inc. boosted its stake in Geo Group by 111.9% during the 1st quarter. Bessemer Group Inc. now owns 1,723 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 910 shares in the last quarter. IFP Advisors Inc acquired a new position in shares of Geo Group during the 4th quarter valued at $30,000. Finally, NewEdge Advisors LLC increased its position in shares of Geo Group by 81.9% during the 1st quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust's stock valued at $54,000 after purchasing an additional 839 shares during the period. Institutional investors own 76.10% of the company's stock.
About Geo Group
(
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The GEO Group NYSE: GEO is a leading provider of correctional, detention and community reentry services to government agencies around the world. As a real estate investment trust, the company specializes in the design, financing, development and operation of secure facilities for adult and juvenile offenders, immigration detainees and individuals requiring mental health treatment or substance abuse programming. GEO's integrated service model also encompasses electronic monitoring, rehabilitative programming and post-release supervision aimed at reducing recidivism and enhancing public safety.
GEO's portfolio spans a range of facility types, including medium- and maximum-security correctional institutions, residential reentry centers, mental health treatment units and immigration detention centers.
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