The GEO Group (NYSE:GEO) Hits New 1-Year High Following Analyst Upgrade

The GEO Group, Inc. (NYSE:GEO - Get Free Report)'s stock price hit a new 52-week high on Monday after Wedbush raised their price target on the stock from $15.00 to $22.00. Wedbush currently has an outperform rating on the stock. The GEO Group traded as high as $15.58 and last traded at $15.56, with a volume of 871311 shares. The stock had previously closed at $15.14.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its position in The GEO Group by 1,116.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,846,814 shares of the real estate investment trust's stock valued at $52,491,000 after acquiring an additional 4,448,385 shares during the last quarter. River Road Asset Management LLC purchased a new position in The GEO Group during the fourth quarter valued at $32,230,000. BlackRock Inc. increased its holdings in shares of The GEO Group by 9.1% during the first quarter. BlackRock Inc. now owns 19,928,438 shares of the real estate investment trust's stock valued at $157,235,000 after acquiring an additional 1,657,703 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of The GEO Group in the 3rd quarter worth about $11,113,000. Finally, Millennium Management LLC raised its position in shares of The GEO Group by 45.3% in the 4th quarter. Millennium Management LLC now owns 4,340,088 shares of the real estate investment trust's stock worth $47,524,000 after purchasing an additional 1,352,829 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors.

The GEO Group Trading Up 5.3 %

The stock has a 50-day simple moving average of $12.62 and a two-hundred day simple moving average of $10.78. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $2.02 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 1.65 and a beta of 0.62.

The GEO Group (NYSE:GEO - Get Free Report) last issued its earnings results on Thursday, February 15th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.11. The GEO Group had a return on equity of 9.43% and a net margin of 4.72%. The business had revenue of $608.28 million during the quarter, compared to analyst estimates of $597.47 million. During the same quarter in the previous year, the firm earned $0.58 EPS. As a group, sell-side analysts anticipate that The GEO Group, Inc. will post 0.92 EPS for the current year.

The GEO Group Company Profile

The GEO Group, Inc NYSE: GEO engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.