The GEO Group (NYSE:GEO) Receives “Outperform” Rating from Wedbush

The GEO Group (NYSE:GEO)‘s stock had its “outperform” rating reaffirmed by stock analysts at Wedbush in a research report issued to clients and investors on Tuesday,Benzinga reports.

A number of other research analysts also recently commented on the company. Northland Securities increased their price objective on The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Noble Financial downgraded The GEO Group from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th.

The GEO Group Stock Performance

NYSE GEO opened at $27.73 on Tuesday. The stock’s fifty day moving average is $22.10 and its two-hundred day moving average is $16.74. The firm has a market capitalization of $3.88 billion, a P/E ratio of 95.62, a price-to-earnings-growth ratio of 3.32 and a beta of 0.88. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10. The GEO Group has a fifty-two week low of $10.43 and a fifty-two week high of $29.86.

Institutional Trading of The GEO Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its position in The GEO Group by 2.5% during the 2nd quarter. Arizona State Retirement System now owns 35,525 shares of the real estate investment trust’s stock worth $510,000 after acquiring an additional 862 shares during the period. Creative Planning lifted its holdings in shares of The GEO Group by 9.0% in the 3rd quarter. Creative Planning now owns 11,096 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 919 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of The GEO Group by 1.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 100,735 shares of the real estate investment trust’s stock valued at $1,447,000 after buying an additional 1,098 shares during the period. GAMMA Investing LLC lifted its holdings in shares of The GEO Group by 38.5% in the 3rd quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock valued at $88,000 after buying an additional 1,910 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of The GEO Group in the 3rd quarter valued at approximately $25,000. 76.10% of the stock is owned by institutional investors and hedge funds.

The GEO Group Company Profile

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.