The GEO Group, Inc. (NYSE:GEO) Chairman George C. Zoley Acquires 100,000 Shares

The GEO Group, Inc. (NYSE:GEO) Chairman George C. Zoley acquired 100,000 shares of the stock in a transaction on Friday, August 9th. The shares were acquired at an average price of $12.22 per share, with a total value of $1,222,000.00. Following the purchase, the chairman now owns 3,800,904 shares in the company, valued at $46,447,046.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

The GEO Group Price Performance

Shares of NYSE GEO traded down $0.38 during mid-day trading on Tuesday, reaching $12.31. The company had a trading volume of 1,765,860 shares, compared to its average volume of 2,607,550. The GEO Group, Inc. has a 1-year low of $6.94 and a 1-year high of $18.05. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The stock has a market cap of $1.68 billion, a PE ratio of 17.34, a P/E/G ratio of 1.54 and a beta of 0.67. The company has a 50-day moving average price of $14.34 and a two-hundred day moving average price of $13.70.

The GEO Group (NYSE:GEO) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $607.19 million for the quarter, compared to analysts’ expectations of $606.16 million. During the same quarter in the prior year, the firm posted $0.24 EPS. On average, equities analysts anticipate that The GEO Group, Inc. will post 0.8 earnings per share for the current year.

Institutional Trading of The GEO Group

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of The GEO Group by 0.4% in the fourth 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 shares of The GEO Group by 1,116.5% in 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 purchasing an additional 4,448,385 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of The GEO Group by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,012,341 shares of the real estate investment trust’s stock worth $32,624,000 after purchasing an additional 63,101 shares during the period. River Road Asset Management LLC bought a new position in shares of The GEO Group in the fourth quarter worth about $32,230,000. Finally, Bank of New York Mellon Corp increased its stake in shares of The GEO Group by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 1,114,771 shares of the real estate investment trust’s stock worth $16,008,000 after purchasing an additional 49,134 shares during the period. Institutional investors and hedge funds own 76.10% of the company’s stock.

Wall Street Analysts Forecast Growth

GEO has been the topic of several recent research reports. Wedbush reissued an “outperform” rating and issued a $19.00 price target on shares of The GEO Group in a report on Wednesday, August 7th. StockNews.com cut The GEO Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

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.