Geo Group Inc (The) (NYSE:GEO - Get Free Report) insider Ronald Brack sold 7,000 shares of the company's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $32.00, for a total value of $224,000.00. Following the completion of the transaction, the insider owned 71,614 shares of the company's stock, valued at $2,291,648. The trade was a 8.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Geo Group Stock Up 0.1%
Shares of GEO stock opened at $32.20 on Wednesday. The stock has a market cap of $4.24 billion, a P/E ratio of 15.19, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79. Geo Group Inc has a one year low of $12.51 and a one year high of $33.15. The stock has a fifty day moving average price of $30.47 and a 200 day moving average price of $22.98. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.65 and a quick ratio of 1.65.
Geo Group (NYSE:GEO - Get Free Report) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.08. Geo Group had a net margin of 10.31% and a return on equity of 10.42%. The business had revenue of $732.07 million for the quarter, compared to analyst estimates of $721.43 million. During the same period in the previous year, the business earned $0.22 EPS. The firm's revenue was up 15.1% on a year-over-year basis. Analysts predict that Geo Group Inc will post 1.31 earnings per share for the current year.
Institutional Trading of Geo Group
Hedge funds and other institutional investors have recently made changes to their positions in the business. Cooper Creek Partners Management LLC grew its position in shares of Geo Group by 14.2% during the 1st quarter. Cooper Creek Partners Management LLC now owns 5,314,006 shares of the real estate investment trust's stock worth $89,328,000 after buying an additional 661,281 shares during the period. Vanguard Group Inc. lifted its holdings in Geo Group by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 14,894,927 shares of the real estate investment trust's stock valued at $240,106,000 after buying an additional 98,742 shares during the period. Militia Capital Management LLC bought a new position in Geo Group in the first quarter valued at approximately $3,634,000. Assenagon Asset Management S.A. bought a new position in Geo Group in the second quarter valued at approximately $47,605,000. Finally, Quantinno Capital Management LP grew its holdings in Geo Group by 304.5% during the 1st quarter. Quantinno Capital Management LP now owns 176,266 shares of the real estate investment trust's stock worth $2,963,000 after acquiring an additional 132,690 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on GEO. Noble Financial restated an "outperform" rating on shares of Geo Group in a research note on Monday, August 10th. Zacks Research raised shares of Geo Group from a "hold" rating to a "strong-buy" rating in a report on Monday, July 20th. JonesTrading upped their price objective on shares of Geo Group from $33.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Northland Securities raised their price objective on shares of Geo Group from $30.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, June 26th. Finally, Weiss Ratings upgraded shares of Geo Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $40.00.
Read Our Latest Research Report on GEO
About Geo Group
(
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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