Geo Group Inc (The) (NYSE:GEO - Get Free Report) VP Matthew Albence sold 10,000 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $31.69, for a total value of $316,900.00. Following the sale, the vice president directly owned 99,399 shares of the company's stock, valued at approximately $3,149,954.31. This represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Geo Group Stock Performance
Shares of GEO opened at $32.19 on Tuesday. The stock has a market capitalization of $4.24 billion, a P/E ratio of 15.19, a P/E/G ratio of 1.79 and a beta of 0.79. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.65 and a current ratio of 1.65. Geo Group Inc has a 1 year low of $12.51 and a 1 year high of $33.15. The company's fifty day moving average is $30.40 and its two-hundred day moving average is $22.86.
Geo Group (NYSE:GEO - Get Free Report) last released its earnings results on Thursday, August 6th. The real estate investment trust reported $0.37 EPS for the quarter, topping the consensus estimate of $0.29 by $0.08. The company had revenue of $732.07 million during the quarter, compared to analysts' expectations of $721.43 million. Geo Group had a net margin of 10.31% and a return on equity of 10.42%. The business's revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the business earned $0.22 EPS. On average, sell-side analysts predict that Geo Group Inc will post 1.31 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on GEO. Noble Financial reaffirmed an "outperform" rating on shares of Geo Group in a report on Monday, August 10th. JonesTrading increased their target price on Geo Group from $33.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Zacks Research raised Geo Group from a "hold" rating to a "strong-buy" rating in a report on Monday, July 20th. Northland Securities lifted their price target on Geo Group from $30.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday, June 26th. Finally, Weiss Ratings raised Geo Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $40.00.
Read Our Latest Research Report on GEO
Institutional Trading of Geo Group
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Geo Group in the 2nd quarter worth approximately $570,744,000. Pentwater Capital Management LP acquired a new position in Geo Group during the second quarter worth $312,698,000. Hsbc Holdings PLC acquired a new position in Geo Group during the second quarter worth $118,673,000. Rubric Capital Management LP boosted its position in Geo Group by 139.5% during the third quarter. Rubric Capital Management LP now owns 2,986,915 shares of the real estate investment trust's stock worth $61,202,000 after purchasing an additional 1,739,522 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Geo Group in the second quarter valued at $47,605,000. Hedge funds and other institutional investors own 76.10% of the company's stock.
Geo Group Company Profile
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Get Free Report)
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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