The GEO Group (NYSE:GEO) Reaches New 1-Year High – Here’s Why

The GEO Group, Inc. (NYSE:GEO) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $19.80 and last traded at $19.32, with a volume of 2953352 shares changing hands. The stock had previously closed at $15.13.

Analysts Set New Price Targets

Several research analysts have weighed in on GEO shares. Wedbush reiterated an “outperform” rating and issued a $17.00 target price on shares of The GEO Group in a research note on Thursday, September 19th. StockNews.com lowered The GEO Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

The GEO Group Price Performance

The stock’s fifty day moving average price is $14.22 and its 200-day moving average price is $14.17. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $3.41 billion, a PE ratio of 93.93, a P/E/G ratio of 2.37 and a beta of 0.63.

The GEO Group (NYSE:GEO) last released its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). The GEO Group had a net margin of 1.92% and a return on equity of 8.87%. The firm had revenue of $607.19 million during the quarter, compared to analysts’ expectations of $606.16 million. During the same period in the previous year, the business earned $0.24 earnings per share. As a group, equities analysts forecast that The GEO Group, Inc. will post 0.91 EPS for the current fiscal year.

Insider Buying and Selling at The GEO Group

In other The GEO Group news, Chairman George C. Zoley purchased 100,000 shares of The GEO Group stock in a transaction on Monday, August 12th. The shares were bought at an average price of $12.33 per share, with a total value of $1,233,000.00. Following the completion of the acquisition, the chairman now directly owns 3,900,904 shares of the company’s stock, valued at approximately $48,098,146.32. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Quest Partners LLC purchased a new stake in shares of The GEO Group in the third quarter valued at $609,000. Chesapeake Capital Corp IL grew its holdings in The GEO Group by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 22,000 shares of the real estate investment trust’s stock valued at $280,000 after buying an additional 4,800 shares during the period. Victory Capital Management Inc. grew its holdings in The GEO Group by 12.0% in the 3rd quarter. Victory Capital Management Inc. now owns 195,376 shares of the real estate investment trust’s stock valued at $2,511,000 after buying an additional 20,962 shares during the period. Versor Investments LP acquired a new position in shares of The GEO Group during the 3rd quarter valued at about $604,000. Finally, Tyler Stone Wealth Management grew its holdings in The GEO Group by 98.8% in the third quarter. Tyler Stone Wealth Management now owns 12,284 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 6,105 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

About The GEO Group

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.