The GEO Group, Inc. (NYSE:GEO) Insider Nicole Mannarino Sells 646 Shares

The GEO Group, Inc. (NYSE:GEO) insider Nicole Mannarino sold 646 shares of The GEO Group stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $25.43, for a total value of $16,427.78. Following the completion of the sale, the insider now directly owns 1,626 shares of the company’s stock, valued at approximately $41,349.18. This represents a 28.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

The GEO Group Price Performance

Shares of NYSE GEO opened at $26.15 on Tuesday. The GEO Group, Inc. has a 1-year low of $11.75 and a 1-year high of $36.46. The business has a 50-day moving average of $28.77 and a 200-day moving average of $23.34. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 90.17, a PEG ratio of 2.11 and a beta of 0.91.

The GEO Group (NYSE:GEO) last issued its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. The company had revenue of $607.72 million during the quarter, compared to analysts’ expectations of $607.45 million. On average, equities analysts anticipate that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On The GEO Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. SRS Capital Advisors Inc. boosted its position in shares of The GEO Group by 160.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 720 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of The GEO Group by 149.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 915 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of The GEO Group in the fourth quarter worth about $29,000. Tyler Stone Wealth Management lifted its stake in shares of The GEO Group by 8.4% in the fourth quarter. Tyler Stone Wealth Management now owns 13,314 shares of the real estate investment trust’s stock worth $373,000 after acquiring an additional 1,030 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of The GEO Group by 18.6% in the fourth quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust’s stock worth $228,000 after acquiring an additional 1,281 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wedbush reissued an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th. Noble Financial raised The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research report on Wednesday, March 5th. Finally, UBS Group set a $32.00 price target on The GEO Group in a research report on Wednesday, March 5th.

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.