The GEO Group, Inc. (NYSE:GEO - Get Free Report) 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 transaction, the insider now owns 1,626 shares in the company, valued at $41,349.18. This represents a 28.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
The GEO Group Stock Performance
GEO stock traded down $0.84 during trading on Friday, hitting $28.24. 2,262,895 shares of the company traded hands, compared to its average volume of 2,695,414. 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 GEO Group, Inc. has a 1 year low of $11.75 and a 1 year high of $36.46. The stock's 50-day simple moving average is $28.63 and its 200 day simple moving average is $23.50. The company has a market cap of $3.96 billion, a PE ratio of 97.31, a P/E/G ratio of 2.11 and a beta of 0.91.
The GEO Group (NYSE:GEO - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The firm had revenue of $607.72 million during the quarter, compared to analysts' expectations of $607.45 million. On average, equities analysts expect that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
GEO has been the subject of a number of recent research reports. Wedbush reiterated an "outperform" rating and issued a $46.00 target price on shares of The GEO Group in a report on Tuesday. StockNews.com downgraded The GEO Group from a "hold" rating to a "sell" rating in a report on Thursday. Jones Trading reaffirmed a "buy" rating and issued a $55.00 price objective on shares of The GEO Group in a research report on Friday. Noble Financial raised shares of The GEO Group from a "market perform" rating to an "outperform" rating and set a $32.00 target price on the stock in a research report on Wednesday, March 5th. Finally, UBS Group set a $32.00 price objective on shares of The GEO Group in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.40.
Get Our Latest Stock Report on The GEO Group
Institutional Investors Weigh In On The GEO Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of The GEO Group during the third quarter worth about $25,000. NewEdge Advisors LLC purchased a new position in shares of The GEO Group in the fourth quarter valued at approximately $29,000. SRS Capital Advisors Inc. boosted its stake 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 acquiring an additional 720 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of The GEO Group by 149.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 915 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new position in The GEO Group in the 3rd quarter valued at $67,000. Hedge funds and other institutional investors own 76.10% of the company's stock.
About The GEO Group
(
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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.
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