The GEO Group (NYSE:GEO - Free Report) had its target price cut by Wedbush from $22.00 to $20.00 in a research report released on Wednesday, Marketbeat Ratings reports. They currently have an outperform rating on the real estate investment trust's stock.
The GEO Group Trading Down 0.1 %
Shares of GEO traded down $0.02 during trading hours on Wednesday, hitting $13.62. 2,492,960 shares of the stock traded hands, compared to its average volume of 2,653,925. The business has a fifty day moving average of $14.00 and a 200-day moving average of $11.77. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $1.73 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 1.45 and a beta of 0.59. The GEO Group has a 1-year low of $6.94 and a 1-year high of $16.31.
The GEO Group (NYSE:GEO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The GEO Group had a return on equity of 9.43% and a net margin of 4.72%. The business had revenue of $605.67 million for the quarter, compared to analyst estimates of $603.84 million. During the same quarter in the prior year, the firm earned $0.22 EPS. Analysts expect that The GEO Group will post 1.01 EPS for the current year.
Insider Buying and Selling at The GEO Group
In other news, CFO Shayn P. March sold 2,500 shares of the company's stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $15.00, for a total value of $37,500.00. Following the completion of the sale, the chief financial officer now directly owns 67,830 shares of the company's stock, valued at approximately $1,017,450. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.00% of the company's stock.
Institutional Trading of The GEO Group
A number of large investors have recently made changes to their positions in GEO. Vanguard Group Inc. lifted its stake in The GEO Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 13,575,361 shares of the real estate investment trust's stock valued at $147,021,000 after buying an additional 58,184 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in The GEO Group by 1,116.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,846,814 shares of the real estate investment trust's stock worth $52,491,000 after purchasing an additional 4,448,385 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of The GEO Group by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,012,341 shares of the real estate investment trust's stock valued at $32,624,000 after purchasing an additional 63,101 shares during the period. River Road Asset Management LLC acquired a new stake in The GEO Group in the 4th quarter valued at approximately $32,230,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of The GEO Group in the third quarter worth $11,113,000. Institutional investors own 76.10% of the company's stock.
The GEO Group Company Profile
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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.
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