The GEO Group (NYSE:GEO) Reaches New 12-Month High – Here’s What Happened

The GEO Group, Inc. (NYSE:GEO)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $28.60 and last traded at $27.67, with a volume of 381388 shares traded. The stock had previously closed at $28.40.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Northland Securities increased their target price on The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Wedbush upped their price target on shares of The GEO Group from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, November 8th. StockNews.com downgraded The GEO Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Noble Financial lowered shares of The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th.

The GEO Group Price Performance

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 company’s fifty day moving average is $16.91 and its 200 day moving average is $14.98. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 99.66, a PEG ratio of 3.44 and a beta of 0.63.

Institutional Trading of The GEO Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asset Management L.P. increased its stake in The GEO Group by 363.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 702,107 shares of the real estate investment trust’s stock worth $9,022,000 after acquiring an additional 968,601 shares during the last quarter. Hodges Capital Management Inc. lifted its holdings in The GEO Group by 1,501.6% in the 3rd quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust’s stock worth $10,136,000 after buying an additional 739,550 shares during the period. Nisa Investment Advisors LLC increased its position in The GEO Group by 131.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,037,881 shares of the real estate investment trust’s stock valued at $14,904,000 after purchasing an additional 590,099 shares during the period. Center Lake Capital Management LLC raised its stake in The GEO Group by 500.0% in the first quarter. Center Lake Capital Management LLC now owns 600,000 shares of the real estate investment trust’s stock worth $8,472,000 after buying an additional 500,000 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its position in shares of The GEO Group by 1,803.4% during the second quarter. Great Lakes Advisors LLC now owns 312,508 shares of the real estate investment trust’s stock valued at $4,488,000 after purchasing an additional 296,090 shares in the last quarter. Institutional investors own 76.10% of the company’s stock.

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.