The GEO Group, Inc. (NYSE:GEO) EVP Shayn P. March Sells 7,500 Shares

The GEO Group, Inc. (NYSE:GEO) EVP Shayn P. March sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $30.00, for a total transaction of $225,000.00. Following the completion of the transaction, the executive vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

The GEO Group Stock Up 2.2 %

Shares of NYSE GEO opened at $29.84 on Wednesday. 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 business has a 50-day moving average of $27.98 and a 200-day moving average of $24.56. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 102.91, a PEG ratio of 2.11 and a beta of 0.91. The GEO Group, Inc. has a 12 month low of $11.75 and a 12 month high of $36.46.

The GEO Group (NYSE:GEO) last released its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The company had revenue of $607.72 million during the quarter, compared to analysts’ expectations of $607.45 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. Sell-side analysts expect that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The GEO Group

Large investors have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of The GEO Group by 1.4% in the 3rd quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust’s stock worth $63,213,000 after purchasing an additional 66,658 shares in the last quarter. Geode Capital Management LLC grew its position in The GEO Group by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 3,051,384 shares of the real estate investment trust’s stock valued at $85,398,000 after acquiring an additional 35,281 shares during the last quarter. Point72 Asset Management L.P. grew its position in The GEO Group by 202.6% during the fourth quarter. Point72 Asset Management L.P. now owns 2,124,783 shares of the real estate investment trust’s stock valued at $59,451,000 after acquiring an additional 1,422,676 shares during the last quarter. Discovery Capital Management LLC CT raised its stake in shares of The GEO Group by 375.2% during the fourth quarter. Discovery Capital Management LLC CT now owns 1,839,500 shares of the real estate investment trust’s stock worth $51,469,000 after acquiring an additional 1,452,400 shares in the last quarter. Finally, Philosophy Capital Management LLC lifted its holdings in shares of The GEO Group by 17.1% in the 3rd quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust’s stock worth $21,125,000 after acquiring an additional 240,251 shares during the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GEO. 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. UBS Group set a $35.00 target price on The GEO Group in a report on Monday, March 24th. StockNews.com downgraded shares of The GEO Group from a “hold” rating to a “sell” rating in a report on Tuesday. Noble Financial reaffirmed an “outperform” rating on shares of The GEO Group in a research note on Monday, March 24th. Finally, Wedbush reiterated an “outperform” rating and issued a $46.00 target price on shares of The GEO Group in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.00.

The GEO Group Company Profile

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.