The GEO Group (NYSE:GEO) Trading Up 2.2%

The GEO Group, Inc. (NYSE:GEO) shares rose 2.2% on Tuesday . The stock traded as high as $13.58 and last traded at $13.51. Approximately 496,795 shares were traded during trading, a decline of 81% from the average daily volume of 2,576,573 shares. The stock had previously closed at $13.22.

Analyst Ratings Changes

Several analysts have commented on GEO shares. StockNews.com downgraded shares of The GEO Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Wedbush reissued an “outperform” rating and set a $19.00 target price on shares of The GEO Group in a research report on Wednesday, August 7th.

The GEO Group Trading Down 0.2 %

The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 1.64 and a beta of 0.67. 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 company has a fifty day moving average of $14.24 and a two-hundred day moving average of $13.77.

The GEO Group (NYSE:GEO) last issued its quarterly earnings data 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 firm had revenue of $607.19 million during the quarter, compared to analyst estimates of $606.16 million. The GEO Group had a return on equity of 8.87% and a net margin of 1.92%. During the same quarter in the previous year, the firm posted $0.24 earnings per share. On average, research analysts expect that The GEO Group, Inc. will post 0.8 EPS for the current year.

Insider Activity

In other The GEO Group news, Chairman George C. Zoley acquired 100,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average price of $12.22 per share, with a total value of $1,222,000.00. Following the transaction, the chairman now owns 3,800,904 shares of the company’s stock, valued at $46,447,046.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other The GEO Group news, EVP Shayn P. March sold 2,500 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $17.50, for a total value of $43,750.00. Following the completion of the sale, the executive vice president now directly owns 65,330 shares of the company’s stock, valued at approximately $1,143,275. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman George C. Zoley acquired 100,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were bought at an average price of $12.22 per share, for a total transaction of $1,222,000.00. Following the acquisition, the chairman now owns 3,800,904 shares in the company, valued at approximately $46,447,046.88. The disclosure for this purchase can be found here. 5.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On The GEO Group

A number of institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in shares of The GEO Group during the 4th quarter worth about $48,000. Benjamin F. Edwards & Company Inc. boosted its holdings in The GEO Group by 399.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,852 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 3,081 shares in the last quarter. Tidemark LLC bought a new stake in shares of The GEO Group in the 4th quarter valued at approximately $71,000. Avantax Advisory Services Inc. acquired a new position in shares of The GEO Group in the 4th quarter worth approximately $114,000. Finally, Innealta Capital LLC acquired a new position in shares of The GEO Group in the 2nd quarter worth approximately $140,000. 76.10% of the stock is owned by institutional investors and hedge funds.

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.