The GEO Group (NYSE:GEO – Get Rating) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.
Separately, Wedbush raised The GEO Group from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $10.00 to $14.00 in a report on Tuesday, November 29th.
The GEO Group Stock Performance
The GEO Group stock traded up $0.31 during midday trading on Monday, hitting $11.18. 40,686 shares of the company were exchanged, compared to its average volume of 2,247,906. The firm has a market capitalization of $1.39 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 0.45 and a beta of 0.66. The GEO Group has a fifty-two week low of $5.20 and a fifty-two week high of $12.44. The business has a fifty day simple moving average of $9.94 and a two-hundred day simple moving average of $8.27. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.21 and a current ratio of 1.21.
The GEO Group (NYSE:GEO – Get Rating) last posted its earnings results on Thursday, October 27th. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.30). The company had revenue of $616.68 million for the quarter, compared to analyst estimates of $605.85 million. The GEO Group had a return on equity of 16.83% and a net margin of 3.48%. On average, sell-side analysts forecast that The GEO Group will post 2.49 earnings per share for the current year.
Insider Buying and Selling at The GEO Group
In other The GEO Group news, SVP James H. Black sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $10.99, for a total value of $32,970.00. Following the sale, the senior vice president now directly owns 6,373 shares of the company’s stock, valued at $70,039.27. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.40% of the stock is owned by corporate insiders.
Institutional Trading of The GEO Group
Institutional investors have recently bought and sold shares of the business. IFP Advisors Inc acquired a new stake in shares of The GEO Group in the third quarter worth approximately $79,000. Point72 Hong Kong Ltd acquired a new stake in shares of The GEO Group in the third quarter worth approximately $34,000. Lazard Asset Management LLC acquired a new stake in shares of The GEO Group in the second quarter worth approximately $30,000. US Bancorp DE boosted its stake in shares of The GEO Group by 85.0% in the second quarter. US Bancorp DE now owns 4,944 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 2,272 shares during the last quarter. Finally, James Investment Research Inc. acquired a new stake in shares of The GEO Group in the second quarter worth approximately $34,000. 76.58% of the stock is owned by institutional investors and hedge funds.
The GEO Group Company Profile
The GEO Group, Inc (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO’s diversified services include enhanced in-custody rehabilitation and post-release support through the award-winning GEO Continuum of Care, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care.
Further Reading
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