Geo Group (NYSE:GEO) Stock Crosses Above 50-Day Moving Average – What’s Next?

Geo Group Inc (The) (NYSE:GEO) shares passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $29.98 and traded as high as $30.17. Geo Group shares last traded at $30.0020, with a volume of 2,946,905 shares trading hands.

Analysts Set New Price Targets

GEO has been the subject of a number of recent research reports. Wall Street Zen downgraded Geo Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Geo Group in a report on Friday, September 4th. JonesTrading lifted their price objective on Geo Group from $40.00 to $42.75 and gave the stock a “buy” rating in a research report on Thursday, November 5th. Zacks Research upgraded Geo Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Finally, Noble Financial reissued an “outperform” rating on shares of Geo Group in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $41.38.

Geo Group Trading Up 7.9%

The stock has a market capitalization of $3.97 billion, a P/E ratio of 24.00, a PEG ratio of 1.48 and a beta of 0.78. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.65 and a quick ratio of 1.65. The business’s 50 day simple moving average is $29.98 and its 200-day simple moving average is $24.55.

Geo Group (NYSE:GEO) last released its earnings results on Thursday, November 5th. The real estate investment trust reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Geo Group had a net margin of 10.31% and a return on equity of 10.42%. The firm had revenue of $761.06 million during the quarter, compared to analyst estimates of $770.87 million. During the same quarter in the previous year, the business earned $0.25 EPS. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, analysts forecast that Geo Group Inc will post 1.42 EPS for the current year.

Insider Transactions at Geo Group

In related news, VP Matthew Albence sold 11,797 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $31.45, for a total transaction of $371,015.65. Following the transaction, the vice president directly owned 87,602 shares of the company’s stock, valued at approximately $2,755,082.90. This trade represents a 11.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ronald A. Brack sold 7,000 shares of Geo Group stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $32.00, for a total transaction of $224,000.00. Following the completion of the sale, the insider owned 71,614 shares of the company’s stock, valued at $2,291,648. This trade represents a 8.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 28,797 shares of company stock worth $911,916. 4.98% of the stock is owned by insiders.

Institutional Investors Weigh In On Geo Group

A number of hedge funds and other institutional investors have recently made changes to their positions in GEO. GAMMA Investing LLC raised its position in shares of Geo Group by 6.6% during the third quarter. GAMMA Investing LLC now owns 10,098 shares of the real estate investment trust’s stock worth $308,000 after purchasing an additional 629 shares during the period. Parallel Advisors LLC grew its holdings in shares of Geo Group by 165.5% during the third quarter. Parallel Advisors LLC now owns 1,017 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 634 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Geo Group by 22.7% during the first quarter. Public Employees Retirement System of Ohio now owns 3,866 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 715 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Geo Group by 2.4% in the 1st quarter. Kestra Advisory Services LLC now owns 30,462 shares of the real estate investment trust’s stock worth $512,000 after acquiring an additional 727 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Geo Group by 111.9% in the first quarter. Bessemer Group Inc. now owns 1,723 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 910 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Geo Group Company Profile

The GEO Group, Inc provides government services focused on corrections, detention and community-based supervision. Its services include operating secure facilities and processing centers, managing community reentry programs, and providing electronic monitoring and supervision technology for individuals in the community.

The company serves federal, state and local government agencies, primarily in the United States. Its work also includes related services such as secure transportation and support programs for people transitioning from incarceration back into the community.

Founded in 1984 as Wackenhut Corrections Corporation, the company adopted the GEO Group name in 2003.