The GEO Group (NYSE:GEO) Trading Down 3.3% - Time to Sell?

The GEO Group, Inc. (NYSE:GEO - Get Free Report)'s stock price fell 3.3% during trading on Tuesday . The stock traded as low as $28.91 and last traded at $29.93. 423,157 shares traded hands during trading, a decline of 86% from the average session volume of 2,927,727 shares. The stock had previously closed at $30.97.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GEO shares. Wedbush restated an "outperform" rating on shares of The GEO Group in a report on Tuesday, December 17th. Northland Securities boosted their price target on The GEO Group from $16.00 to $37.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Noble Financial cut The GEO Group from an "outperform" rating to a "market perform" rating in a research note on Monday, November 11th.

The GEO Group Stock Down 2.3 %

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 firm has a 50 day simple moving average of $29.67 and a 200-day simple moving average of $20.97. The stock has a market cap of $3.76 billion, a P/E ratio of 92.68, a price-to-earnings-growth ratio of 2.17 and a beta of 0.87.

The GEO Group (NYSE:GEO - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.03). The company had revenue of $603.13 million during the quarter, compared to the consensus estimate of $611.69 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. During the same period in the previous year, the company earned $0.19 earnings per share. On average, equities research analysts forecast that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of The GEO Group

Institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of The GEO Group in the third quarter valued at approximately $25,000. SRS Capital Advisors Inc. lifted its position in shares of 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 during the period. Sound Income Strategies LLC grew its holdings in shares of 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 purchasing an additional 2,625 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of The GEO Group by 149.5% in 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 during the period. Finally, Morse Asset Management Inc acquired a new position in The GEO Group in the third quarter valued at about $67,000. Institutional investors own 76.10% of the company's stock.

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.