The GEO Group, Inc. (NYSE:GEO - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $33.95 and last traded at $33.05, with a volume of 346715 shares trading hands. The stock had previously closed at $31.67.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on GEO shares. Noble Financial downgraded shares of The GEO Group from an "outperform" rating to a "market perform" rating in a research note on Monday, November 11th. Wedbush reaffirmed an "outperform" rating on shares of The GEO Group in a research report on Tuesday, December 17th. Finally, Northland Securities increased their price objective on The GEO Group from $16.00 to $37.00 and gave the company an "outperform" rating in a research note on Friday, November 8th.
Read Our Latest Analysis on GEO
The GEO Group Trading Up 4.2 %
The company's fifty day moving average is $28.53 and its two-hundred day moving average is $19.34. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 122.18, a PEG ratio of 2.44 and a beta of 0.87.
Institutional Investors Weigh In On The GEO Group
A number of hedge funds and other institutional investors have recently modified their holdings of GEO. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of The GEO Group during the third quarter worth $25,000. Sound Income Strategies LLC lifted its holdings in The GEO Group by 472.1% during the 3rd quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust's stock worth $41,000 after buying an additional 2,625 shares during the last quarter. Morse Asset Management Inc acquired a new position in shares of The GEO Group during the 3rd quarter worth about $67,000. Quarry LP purchased a new position in shares of The GEO Group in the 3rd quarter valued at about $77,000. Finally, GAMMA Investing LLC increased its holdings in shares of The GEO Group by 38.5% in the 3rd quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust's stock valued at $88,000 after acquiring an additional 1,910 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.
About The GEO Group
(
Get Free Report)
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.
See Also
Before you consider The GEO Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The GEO Group wasn't on the list.
While The GEO Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2025 and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
