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 that occurred on Thursday, March 27th. The shares were sold at an average price of $30.00, for a total value of $225,000.00. Following the transaction, the executive vice president now owns 67,469 shares of the company's stock, valued at approximately $2,024,070. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
The GEO Group Trading Down 0.1 %
Shares of The GEO Group stock opened at $29.28 on Tuesday. 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 market cap of $4.13 billion, a price-to-earnings ratio of 100.98, a PEG ratio of 2.11 and a beta of 0.91. The GEO Group, Inc. has a twelve month low of $11.75 and a twelve month high of $36.46. The business has a 50-day moving average price of $28.08 and a 200-day moving average price of $24.44.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.08). The firm had revenue of $607.72 million during the quarter, compared to the consensus estimate of $607.45 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. Equities research analysts anticipate that The GEO Group, Inc. will post 0.83 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have weighed in on GEO shares. Jones Trading reiterated a "buy" rating and issued a $55.00 price target on shares of The GEO Group in a research report on Friday, March 21st. StockNews.com lowered The GEO Group from a "hold" rating to a "sell" rating in a research note on Tuesday. Noble Financial restated an "outperform" rating on shares of The GEO Group in a research report on Monday, March 24th. UBS Group set a $35.00 target price on The GEO Group in a research report on Monday, March 24th. Finally, Wedbush reissued an "outperform" rating and issued a $46.00 price target on shares of The GEO Group in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.00.
Get Our Latest Stock Report on GEO
Institutional Investors Weigh In On The GEO Group
A number of hedge funds have recently bought and sold shares of GEO. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of The GEO Group in the 3rd quarter worth about $25,000. NewEdge Advisors LLC purchased a new position in The GEO Group in the fourth quarter worth about $29,000. SRS Capital Advisors Inc. increased its stake in The GEO Group by 160.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 720 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of The GEO Group by 149.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 915 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new position in shares of The GEO Group in the 3rd quarter worth approximately $67,000. Hedge funds and other institutional investors own 76.10% of the company's stock.
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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