Shares of The GEO Group, Inc. (NYSE:GEO - Get Free Report) gapped up prior to trading on Monday after Northland Securities raised their price target on the stock from $16.00 to $37.00. The stock had previously closed at $25.36, but opened at $27.00. Northland Securities currently has an outperform rating on the stock. The GEO Group shares last traded at $26.93, with a volume of 2,383,591 shares traded.
A number of other analysts have also commented on the company. Wedbush boosted their target price on The GEO Group from $25.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday. StockNews.com lowered The GEO Group from a "buy" rating to a "hold" rating in a research report on Wednesday, August 7th.
Check Out Our Latest Research Report on GEO
Hedge Funds Weigh In On The GEO Group
Hedge funds and other institutional investors have recently modified their holdings of the business. Sound Income Strategies LLC boosted its stake in shares of The GEO Group by 472.1% in 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. GAMMA Investing LLC lifted its stake in The GEO Group by 38.5% in the third quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust's stock valued at $88,000 after purchasing an additional 1,910 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in The GEO Group by 62.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust's stock valued at $90,000 after purchasing an additional 2,393 shares during the last quarter. nVerses Capital LLC purchased a new position in The GEO Group in the third quarter valued at approximately $121,000. Finally, Innealta Capital LLC purchased a new position in The GEO Group in the second quarter valued at approximately $140,000. Hedge funds and other institutional investors own 76.10% of the company's stock.
The GEO Group Trading Up 4.4 %
The company has a quick ratio of 1.26, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The firm has a 50 day moving average of $14.71 and a 200 day moving average of $14.31. The firm has a market cap of $3.70 billion, a PE ratio of 91.33, a P/E/G ratio of 3.09 and a beta of 0.63.
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.
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