Geo Group (NYSE:GEO) VP Matthew Albence Sells 10,000 Shares

Geo Group Inc (The) (NYSE:GEO) VP Matthew Albence sold 10,000 shares of Geo Group stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $31.69, for a total value of $316,900.00. Following the sale, the vice president directly owned 99,399 shares of the company’s stock, valued at $3,149,954.31. This trade represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Geo Group Trading Down 1.6%

NYSE:GEO opened at $32.19 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.65 and a current ratio of 1.65. Geo Group Inc has a 1 year low of $12.51 and a 1 year high of $33.15. The stock has a market cap of $4.24 billion, a P/E ratio of 15.19, a P/E/G ratio of 1.79 and a beta of 0.79. The stock has a 50-day simple moving average of $30.40 and a 200-day simple moving average of $22.86.

Geo Group (NYSE:GEO) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.08. The firm had revenue of $732.07 million during the quarter, compared to analysts’ expectations of $721.43 million. Geo Group had a return on equity of 10.42% and a net margin of 10.31%.The firm’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 earnings per share. As a group, analysts anticipate that Geo Group Inc will post 1.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GEO. Weiss Ratings raised shares of Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. Northland Securities raised their price objective on Geo Group from $30.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. Zacks Research upgraded Geo Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. UBS Group reissued an “outperform” rating on shares of Geo Group in a report on Monday, August 10th. Finally, Noble Financial reissued an “outperform” rating on shares of Geo Group in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $40.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its holdings in shares of Geo Group by 245.1% in the second quarter. Geneos Wealth Management Inc. now owns 1,101 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 782 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Geo Group by 111.9% during the first quarter. Bessemer Group Inc. now owns 1,723 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 910 shares during the last quarter. IFP Advisors Inc acquired a new position in Geo Group in the 4th quarter valued at about $30,000. Global Retirement Partners LLC acquired a new position in Geo Group in the 2nd quarter valued at about $34,000. Finally, NewEdge Advisors LLC raised its stake in Geo Group by 81.9% during the 1st quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 839 shares during the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.

Geo Group Company Profile

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.