Wedbush restated their outperform rating on shares of The GEO Group (NYSE:GEO - Free Report) in a research report sent to investors on Tuesday,Benzinga reports.
A number of other analysts also recently issued reports on GEO. Northland Securities lifted their price objective on shares of The GEO Group from $16.00 to $37.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Noble Financial cut The GEO Group from an "outperform" rating to a "market perform" rating in a report on Monday, November 11th.
Check Out Our Latest Report on GEO
The GEO Group Price Performance
Shares of NYSE GEO traded down $0.20 during midday trading on Tuesday, hitting $27.53. 3,120,399 shares of the company's stock were exchanged, compared to its average volume of 2,710,823. The business's fifty day moving average price is $22.37 and its two-hundred day moving average price is $16.83. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 94.93, a PEG ratio of 3.32 and a beta of 0.88. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25. The GEO Group has a 12-month low of $10.43 and a 12-month high of $29.86.
Institutional Investors Weigh In On The GEO Group
Several institutional investors have recently bought and sold shares of the stock. Intech Investment Management LLC purchased a new stake in The GEO Group in the 3rd quarter worth approximately $1,279,000. Versor Investments LP bought a new stake in shares of The GEO Group during the 3rd quarter valued at about $604,000. BNP Paribas Financial Markets increased its position in shares of The GEO Group by 20.7% during the third quarter. BNP Paribas Financial Markets now owns 273,724 shares of the real estate investment trust's stock valued at $3,517,000 after buying an additional 46,905 shares during the period. Jennison Associates LLC bought a new position in The GEO Group in the third quarter worth about $630,000. Finally, Quest Partners LLC purchased a new stake in The GEO Group in the third quarter worth about $609,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.
The GEO Group Company Profile
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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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