The GEO Group, Inc. (NYSE:GEO - Get Free Report) CFO Shayn P. March sold 2,500 shares of the business's stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $15.00, for a total transaction of $37,500.00. Following the transaction, the chief financial officer now owns 67,830 shares in the company, valued at approximately $1,017,450. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
The GEO Group Stock Performance
NYSE:GEO opened at $15.90 on Wednesday. The firm's 50-day moving average is $12.70 and its 200-day moving average is $10.84. The GEO Group, Inc. has a 52-week low of $6.94 and a 52-week high of $16.31. 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 company has a market cap of $2.02 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 1.73 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, beating the consensus estimate of $0.18 by $0.11. The GEO Group had a net margin of 4.72% and a return on equity of 9.43%. The business had revenue of $608.28 million for the quarter, compared to analyst estimates of $597.47 million. During the same period in the previous year, the business earned $0.58 EPS. Equities research analysts anticipate that The GEO Group, Inc. will post 0.92 earnings per share for the current year.
Analyst Ratings Changes
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Separately, Wedbush boosted their price objective on shares of The GEO Group from $15.00 to $22.00 and gave the stock an "outperform" rating in a report on Monday.
Get Our Latest Report on GEO
Institutional Trading of The GEO Group
Several institutional investors have recently made changes to their positions in GEO. Goodman Advisory Group LLC acquired a new stake in shares of The GEO Group during the 3rd quarter valued at about $25,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of The GEO Group during the third quarter worth approximately $30,000. Advisory Services Network LLC lifted its position in shares of The GEO Group by 203.2% during the first quarter. Advisory Services Network LLC now owns 4,326 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 2,899 shares in the last quarter. Quarry LP bought a new stake in shares of The GEO Group during the first quarter worth approximately $35,000. Finally, Clear Street Markets LLC bought a new stake in shares of The GEO Group during the fourth quarter worth approximately $40,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.
The GEO Group Company Profile
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Get Free Report)
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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