An issue of Geo Group Inc. (NYSE:GEO) bonds fell 1% against their face value during trading on Friday. The high-yield issue of debt has a 6% coupon and will mature on April 15, 2026. The debt is now trading at $86.50 and was trading at $89.00 one week ago. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its share price.

A number of brokerages have issued reports on GEO. Canaccord Genuity increased their target price on shares of Geo Group from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Zacks Investment Research lowered shares of Geo Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. TheStreet lowered shares of Geo Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 18th. Finally, SunTrust Banks Inc. decreased their target price on shares of Geo Group from $38.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, September 1st.

Geo Group Inc. (NYSE:GEO) traded up 5.13% during mid-day trading on Friday, hitting $23.17. 4,310,303 shares of the company traded hands. The firm has a 50 day moving average of $27.20 and a 200 day moving average of $31.46. The firm has a market capitalization of $1.72 billion, a P/E ratio of 12.46 and a beta of 0.97. Geo Group Inc. has a one year low of $16.26 and a one year high of $35.14.

Geo Group (NYSE:GEO) last released its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.02. Geo Group had a net margin of 6.80% and a return on equity of 14.20%. The business had revenue of $548.35 million for the quarter, compared to analysts’ expectations of $547.23 million. During the same period in the previous year, the company earned $0.63 earnings per share. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. Equities research analysts expect that Geo Group Inc. will post $2.89 earnings per share for the current fiscal year.

In related news, SVP Ann M. Schlarb acquired 1,500 shares of the stock in a transaction on Thursday, September 1st. The shares were acquired at an average price of $19.51 per share, with a total value of $29,265.00. Following the completion of the transaction, the senior vice president now owns 11,464 shares in the company, valued at approximately $223,662.64. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the company. BlackRock Japan Co. Ltd raised its stake in shares of Geo Group by 0.4% in the first quarter. BlackRock Japan Co. Ltd now owns 3,907 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 14 shares in the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of Geo Group by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,570 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 15 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Geo Group by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 32,800 shares of the real estate investment trust’s stock valued at $1,121,000 after buying an additional 100 shares in the last quarter. Baker Ellis Asset Management LLC raised its stake in shares of Geo Group by 1.1% in the first quarter. Baker Ellis Asset Management LLC now owns 10,105 shares of the real estate investment trust’s stock valued at $350,000 after buying an additional 110 shares in the last quarter. Finally, BlackRock Advisors LLC raised its stake in shares of Geo Group by 0.7% in the second quarter. BlackRock Advisors LLC now owns 34,698 shares of the real estate investment trust’s stock valued at $1,186,000 after buying an additional 251 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Geo Group Company Profile

The GEO Group, Inc is a real estate investment trust (REIT) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.

5 Day Chart for NYSE:GEO

Receive News & Ratings for Geo Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Geo Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.