StockNews.com upgraded shares of The GEO Group (NYSE:GEO - Free Report) from a sell rating to a hold rating in a research report report published on Friday morning.
A number of other equities analysts also recently commented on the stock. Noble Financial reaffirmed an "outperform" rating on shares of The GEO Group in a research note on Monday, March 24th. Jones Trading decreased their price objective on The GEO Group from $55.00 to $50.00 and set a "buy" rating on the stock in a report on Thursday. Wedbush reissued an "outperform" rating and set a $36.00 target price (down previously from $46.00) on shares of The GEO Group in a research note on Thursday. Finally, UBS Group set a $35.00 price target on The GEO Group in a research note on Monday, March 24th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $38.00.
Read Our Latest Stock Analysis on GEO
The GEO Group Price Performance
NYSE GEO traded down $1.08 during mid-day trading on Friday, hitting $25.22. The stock had a trading volume of 4,271,499 shares, compared to its average volume of 2,881,201. The GEO Group has a twelve month low of $11.75 and a twelve month high of $36.46. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10. The firm's 50 day moving average is $28.31 and its 200 day moving average is $27.70. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 86.97, a PEG ratio of 2.11 and a beta of 0.80.
The GEO Group (NYSE:GEO - Get Free Report) last released its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.04). The business had revenue of $604.65 million during the quarter, compared to analysts' expectations of $611.81 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. During the same period last year, the business earned $0.14 earnings per share. Equities research analysts forecast that The GEO Group will post 0.83 earnings per share for the current fiscal year.
Insider Activity at The GEO Group
In related news, EVP Shayn P. March sold 7,500 shares of The GEO Group stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $30.00, for a total value of $225,000.00. Following the completion of the transaction, the executive vice president now owns 67,469 shares in the company, valued at $2,024,070. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.30% of the company's stock.
Institutional Trading of The GEO Group
Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in The GEO Group by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 3,051,384 shares of the real estate investment trust's stock valued at $85,398,000 after purchasing an additional 35,281 shares in the last quarter. Point72 Asset Management L.P. grew its position in shares of The GEO Group by 202.6% in the 4th quarter. Point72 Asset Management L.P. now owns 2,124,783 shares of the real estate investment trust's stock valued at $59,451,000 after buying an additional 1,422,676 shares during the last quarter. Discovery Capital Management LLC CT grew its position in shares of The GEO Group by 375.2% in the 4th quarter. Discovery Capital Management LLC CT now owns 1,839,500 shares of the real estate investment trust's stock valued at $51,469,000 after buying an additional 1,452,400 shares during the last quarter. Northern Trust Corp raised its stake in The GEO Group by 12.6% during the 4th quarter. Northern Trust Corp now owns 1,522,360 shares of the real estate investment trust's stock worth $42,596,000 after acquiring an additional 170,248 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in The GEO Group by 5.8% in the fourth quarter. Allianz Asset Management GmbH now owns 1,491,209 shares of the real estate investment trust's stock valued at $41,724,000 after acquiring an additional 82,341 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.
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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