Geo Group (NYSE:GEO) Insider Sells $224,000.00 in Stock

Geo Group Inc (The) (NYSE:GEO) insider Ronald Brack sold 7,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $32.00, for a total value of $224,000.00. Following the transaction, the insider owned 71,614 shares in the company, valued at $2,291,648. The trade was a 8.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Geo Group Trading Down 0.6%

Shares of Geo Group stock opened at $32.56 on Friday. The firm has a 50-day moving average of $30.61 and a 200-day moving average of $23.22. The stock has a market cap of $4.29 billion, a PE ratio of 15.36, a PEG ratio of 1.79 and a beta of 0.79. Geo Group Inc has a 52-week low of $12.51 and a 52-week high of $33.15. 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 (NYSE:GEO) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.37 EPS for the quarter, beating the consensus estimate of $0.29 by $0.08. Geo Group had a net margin of 10.31% and a return on equity of 10.42%. The business had revenue of $732.07 million for the quarter, compared to the consensus estimate of $721.43 million. During the same period in the prior year, the company posted $0.22 earnings per share. Geo Group’s revenue was up 15.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Geo Group Inc will post 1.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GEO shares. UBS Group reaffirmed an “outperform” rating on shares of Geo Group in a report on Monday, August 10th. Zacks Research upgraded Geo Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. JonesTrading increased 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. Wall Street Zen lowered Geo Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Northland Securities lifted their price objective on Geo Group from $30.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, June 26th. One equities 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 MarketBeat.com, Geo Group presently has a consensus rating of “Buy” and a consensus target price of $40.00.

Hedge Funds Weigh In On Geo Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Corient Private Wealth LP acquired a new stake in shares of Geo Group during the 2nd quarter worth approximately $250,000. AXQ Capital LP acquired a new position in Geo Group during the second quarter valued at approximately $428,000. Two Sigma Securities LLC bought a new stake in Geo Group during the second quarter worth $568,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Geo Group by 5,260.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,479 shares of the real estate investment trust’s stock worth $5,924,000 after purchasing an additional 196,739 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Geo Group in the 2nd quarter valued at $126,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

About Geo Group

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.