Geo Group (NYSE:GEO) Sets New 52-Week High – Here’s Why

Shares of Geo Group Inc (The) (NYSE:GEO) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $30.59 and last traded at $30.1310, with a volume of 3517 shares trading hands. The stock had previously closed at $30.36.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GEO shares. Northland Securities increased their price objective on Geo Group from $30.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday. Wall Street Zen raised Geo Group from a “hold” rating to a “buy” rating in a report on Saturday. JonesTrading lowered their target price on shares of Geo Group from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, March 20th. Finally, Weiss Ratings upgraded Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $36.50.

Geo Group Price Performance

The stock has a market capitalization of $4.02 billion, a P/E ratio of 15.34 and a beta of 0.86. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.06. The company has a fifty day simple moving average of $23.68 and a two-hundred day simple moving average of $18.85.

Geo Group (NYSE:GEO) last released its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. The company had revenue of $705.21 million for the quarter, compared to the consensus estimate of $688.89 million. Geo Group had a net margin of 10.00% and a return on equity of 9.43%. The company’s revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 EPS. Geo Group has set its FY 2026 guidance at 1.150-1.250 EPS and its Q2 2026 guidance at 0.250-0.290 EPS. Sell-side analysts expect that Geo Group Inc will post 1.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Geo Group

A number of hedge funds and other institutional investors have recently bought and sold shares of GEO. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Geo Group during the 3rd quarter worth $88,625,000. Rubric Capital Management LP boosted its position in shares of Geo Group by 139.5% in the 3rd quarter. Rubric Capital Management LP now owns 2,986,915 shares of the real estate investment trust’s stock worth $61,202,000 after purchasing an additional 1,739,522 shares during the last quarter. UBS Group AG grew its stake in shares of Geo Group by 56.5% during the third quarter. UBS Group AG now owns 3,603,288 shares of the real estate investment trust’s stock worth $73,831,000 after purchasing an additional 1,300,139 shares during the period. Cooper Creek Partners Management LLC grew its stake in shares of Geo Group by 32.7% during the third quarter. Cooper Creek Partners Management LLC now owns 4,974,772 shares of the real estate investment trust’s stock worth $101,933,000 after purchasing an additional 1,224,847 shares during the period. Finally, Balyasny Asset Management L.P. increased its holdings in Geo Group by 3,774.9% in the second quarter. Balyasny Asset Management L.P. now owns 781,573 shares of the real estate investment trust’s stock valued at $18,719,000 after purchasing an additional 761,403 shares during the last quarter. 76.10% of the stock is owned by institutional investors.

About Geo Group

The GEO Group (NYSE:GEO) is a leading provider of correctional, detention and community reentry services to government agencies around the world. As a real estate investment trust, the company specializes in the design, financing, development and operation of secure facilities for adult and juvenile offenders, immigration detainees and individuals requiring mental health treatment or substance abuse programming. GEO’s integrated service model also encompasses electronic monitoring, rehabilitative programming and post-release supervision aimed at reducing recidivism and enhancing public safety.

GEO’s portfolio spans a range of facility types, including medium- and maximum-security correctional institutions, residential reentry centers, mental health treatment units and immigration detention centers.