Key Points
- GEO Group VP Matthew Albence sold 11,797 shares at an average price of $31.45, generating $371,015.65 and reducing his direct ownership by 11.87% to 87,602 shares. He also sold 10,000 shares in August.
- GEO Group recently reported stronger-than-expected quarterly results, with EPS of $0.37 versus the $0.29 consensus and revenue of $732.07 million, up 15.1% year over year.
- Analysts maintain a generally positive view, with a consensus “Buy” rating and a $40 price target versus the stock’s reported opening price of $31.26; institutional investors own 76.1% of the shares.
Geo Group Inc (The) (NYSE:GEO - Get Free Report) VP Matthew Albence sold 11,797 shares of the firm's stock in a transaction on Friday, September 11th. The shares were sold at an average price of $31.45, for a total transaction of $371,015.65. Following the completion of the transaction, the vice president directly owned 87,602 shares of the company's stock, valued at $2,755,082.90. This represents a 11.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Matthew Albence also recently made the following trade(s):
- On Thursday, August 20th, Matthew Albence sold 10,000 shares of Geo Group stock. The stock was sold at an average price of $31.69, for a total transaction of $316,900.00.
Geo Group Stock Performance
Shares of GEO stock opened at $31.26 on Wednesday. The stock has a market cap of $4.11 billion, a P/E ratio of 14.75, a P/E/G ratio of 1.69 and a beta of 0.78. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.65 and a quick ratio of 1.65. The company has a fifty day moving average price of $31.05 and a two-hundred day moving average price of $24.76. Geo Group Inc has a one year low of $12.51 and a one year high of $33.15.
Geo Group (NYSE:GEO - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.08. The company had revenue of $732.07 million during the quarter, compared to the consensus estimate of $721.43 million. Geo Group had a net margin of 10.31% and a return on equity of 10.42%. The company's quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. As a group, equities analysts predict that Geo Group Inc will post 1.31 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of GEO. Tidal Investments LLC bought a new position in Geo Group in the 2nd quarter valued at about $644,000. WINTON GROUP Ltd bought a new stake in shares of Geo Group during the second quarter worth approximately $322,000. Engineers Gate Manager LP bought a new stake in shares of Geo Group during the second quarter worth approximately $478,000. Corient Private Wealth LP acquired a new position in shares of Geo Group in the second quarter valued at approximately $250,000. Finally, AXQ Capital LP acquired a new position in shares of Geo Group in the second quarter valued at approximately $428,000. Institutional investors and hedge funds own 76.10% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. JonesTrading boosted their price target on Geo Group from $33.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Zacks Research upgraded Geo Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 20th. Wall Street Zen downgraded Geo Group from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. Northland Securities boosted their target price on Geo Group from $30.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, June 26th. Finally, Noble Financial restated an "outperform" rating on shares of Geo Group in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Geo Group has a consensus rating of "Buy" and a consensus target price of $40.00.
Read Our Latest Research Report on GEO
Geo Group Company Profile
(
Get Free Report)
The GEO Group, Inc (NYSE:GEO) is a provider of correctional, detention, reentry and community-based services. The company designs, develops, finances and manages secure facilities for government agencies, including correctional institutions, immigration detention centers and other custodial facilities.
GEO also provides electronic monitoring and community supervision services, including location monitoring, case management and related technologies. Through its reentry services, the company operates residential centers and programs intended to support individuals transitioning from incarceration to community living, employment and other post-release services.
Founded in 1984 as Wackenhut Corrections Corporation, the company adopted the name The GEO Group in 2003.
Further Reading
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