Geo Group (NYSE:GEO) Insider Ronald Brack Sells 7,000 Shares of Stock

Geo Group Inc (The) (NYSE:GEO) insider Ronald Brack sold 7,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $32.00, for a total transaction of $224,000.00. Following the transaction, the insider owned 71,614 shares in the company, valued at approximately $2,291,648. This represents a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Geo Group Trading Up 0.1%

NYSE GEO opened at $32.20 on Wednesday. Geo Group Inc has a 1-year low of $12.51 and a 1-year high of $33.15. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $4.24 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79. The firm’s fifty day simple moving average is $30.47 and its 200-day simple moving average is $22.98.

Geo Group (NYSE:GEO) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.08. The company had revenue of $732.07 million for the quarter, compared to analyst estimates of $721.43 million. Geo Group had a return on equity of 10.42% and a net margin of 10.31%.The business’s revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 EPS. As a group, sell-side analysts anticipate that Geo Group Inc will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on GEO. UBS Group reissued an “outperform” rating on shares of Geo Group in a research report on Monday, August 10th. Northland Securities upped their price target on Geo Group from $30.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, June 26th. Noble Financial reissued an “outperform” rating on shares of Geo Group in a report on Monday, August 10th. JonesTrading raised their price objective on Geo Group from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen lowered Geo Group from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $40.00.

Institutional Investors Weigh In On Geo Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. AXQ Capital LP acquired a new position in shares of Geo Group during the 2nd quarter worth about $428,000. Two Sigma Securities LLC bought a new stake in shares of Geo Group in the second quarter valued at approximately $568,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Geo Group by 5,260.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,479 shares of the real estate investment trust’s stock worth $5,924,000 after acquiring an additional 196,739 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Geo Group during the second quarter worth $126,000. Finally, Corient Private Wealth LP acquired a new position in Geo Group during the 2nd quarter valued at $281,000. 76.10% of the stock is owned by institutional investors and hedge funds.

Geo Group Company Profile

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.