The GEO Group, Inc. (NYSE:GEO) EVP Sells $225,000.00 in Stock

The GEO Group, Inc. (NYSE:GEO - Get Free Report) EVP Shayn P. March sold 7,500 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $30.00, for a total transaction of $225,000.00. Following the completion of the transaction, the executive vice president now owns 67,469 shares in the company, valued at approximately $2,024,070. The trade was a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

The GEO Group Stock Down 7.0 %

Shares of NYSE:GEO traded down $2.04 during trading on Friday, reaching $27.00. 4,246,929 shares of the stock were exchanged, compared to its average volume of 2,775,080. The GEO Group, Inc. has a 1-year low of $11.75 and a 1-year high of $36.46. The stock has a fifty day moving average of $27.68 and a two-hundred day moving average of $24.72. 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 firm has a market cap of $3.81 billion, a price-to-earnings ratio of 93.11, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78.

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 the consensus estimate of $0.21 by ($0.08). The business had revenue of $607.72 million for the quarter, compared to analyst estimates of $607.45 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. Research analysts anticipate that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Remove Ads

Hedge Funds Weigh In On The GEO Group

A number of 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 in the third quarter worth approximately $25,000. NewEdge Advisors LLC purchased a new stake in The GEO Group in the 4th quarter valued at $29,000. SRS Capital Advisors Inc. lifted its stake in The GEO Group by 160.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 720 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in The GEO Group by 149.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust's stock worth $42,000 after acquiring an additional 915 shares during the last quarter. Finally, Morse Asset Management Inc bought a new stake in shares of The GEO Group in the 3rd quarter worth $67,000. Institutional investors and hedge funds own 76.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GEO shares. Wedbush reiterated an "outperform" rating and issued a $46.00 target price on shares of The GEO Group in a report on Tuesday, March 18th. Noble Financial reiterated an "outperform" rating on shares of The GEO Group in a research note on Monday, March 24th. StockNews.com downgraded shares of The GEO Group from a "hold" rating to a "sell" rating in a research report on Tuesday. Jones Trading restated a "buy" rating and issued a $55.00 price target on shares of The GEO Group in a report on Friday, March 21st. Finally, UBS Group set a $35.00 price target on shares of The GEO Group in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, The GEO Group presently has an average rating of "Moderate Buy" and an average price target of $41.00.

About The GEO Group

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.