The GEO Group (NYSE:GEO) Trading Up 5.6%

The GEO Group, Inc. (NYSE:GEO)’s stock price traded up 5.6% during mid-day trading on Monday . The stock traded as high as $15.19 and last traded at $15.17. 2,133,094 shares traded hands during trading, a decline of 17% from the average session volume of 2,570,594 shares. The stock had previously closed at $14.36.

Analyst Ratings Changes

Separately, Wedbush decreased their price objective on The GEO Group from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th.

The GEO Group Stock Down 2.0 %

The stock has a market capitalization of $2.04 billion, a P/E ratio of 21.54, a P/E/G ratio of 1.43 and a beta of 0.67. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.26 and a current ratio of 1.26. The company’s 50-day moving average price is $13.85 and its 200 day moving average price is $12.90.

The GEO Group (NYSE:GEO) last posted its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The business had revenue of $605.67 million for the quarter, compared to the consensus estimate of $603.84 million. The GEO Group had a net margin of 4.51% and a return on equity of 8.88%. During the same period in the prior year, the business earned $0.22 earnings per share. As a group, equities analysts expect that The GEO Group, Inc. will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Scott Michael Kernan sold 5,300 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $13.62, for a total transaction of $72,186.00. Following the completion of the transaction, the director now directly owns 23,936 shares of the company’s stock, valued at $326,008.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Scott Michael Kernan sold 5,300 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $13.62, for a total value of $72,186.00. Following the sale, the director now directly owns 23,936 shares in the company, valued at $326,008.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Shayn P. March sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $15.00, for a total value of $37,500.00. Following the transaction, the chief financial officer now owns 67,830 shares of the company’s stock, valued at approximately $1,017,450. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The GEO Group

Several large investors have recently bought and sold shares of GEO. Vanguard Group Inc. increased its holdings in shares of The GEO Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 13,575,361 shares of the real estate investment trust’s stock worth $147,021,000 after buying an additional 58,184 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in The GEO Group by 1,116.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,846,814 shares of the real estate investment trust’s stock worth $52,491,000 after acquiring an additional 4,448,385 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in The GEO Group by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,012,341 shares of the real estate investment trust’s stock valued at $32,624,000 after purchasing an additional 63,101 shares during the period. River Road Asset Management LLC bought a new stake in shares of The GEO Group in the 4th quarter valued at approximately $32,230,000. Finally, Center Lake Capital Management LLC boosted its holdings in shares of The GEO Group by 500.0% in the 1st quarter. Center Lake Capital Management LLC now owns 600,000 shares of the real estate investment trust’s stock worth $8,472,000 after purchasing an additional 500,000 shares during the period. Institutional investors own 76.10% of the company’s stock.

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.