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 company’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 value of $225,000.00. Following the completion of the sale, the executive vice president now owns 67,469 shares in the company, valued at approximately $2,024,070. This represents a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

The GEO Group Price Performance

GEO stock traded down $0.03 during trading on Monday, hitting $29.28. The stock had a trading volume of 2,272,738 shares, compared to its average volume of 2,760,276. The GEO Group, Inc. has a 1-year low of $11.75 and a 1-year high of $36.46. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 100.98, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The company’s 50 day moving average price is $28.21 and its two-hundred day moving average price is $24.32. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. State Street Corp lifted its position in The GEO Group by 1.4% during the third quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust’s stock worth $63,213,000 after buying an additional 66,658 shares during the period. Geode Capital Management LLC grew its holdings in The GEO Group by 1.2% in the 4th 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 buying an additional 35,281 shares during the period. Point72 Asset Management L.P. increased its stake in shares of The GEO Group by 202.6% during the 4th 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 lifted its holdings in shares of The GEO Group by 375.2% during the 4th 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 during the period. Finally, Philosophy Capital Management LLC boosted its position in shares of The GEO Group by 17.1% in the third 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.

Wall Street Analyst Weigh In

GEO has been the topic of a number of research analyst reports. UBS Group set a $35.00 target price on The GEO Group in a research report on Monday, March 24th. Noble Financial reiterated an “outperform” rating on shares of The GEO Group in a research report on Monday, March 24th. Wedbush restated an “outperform” rating and set a $46.00 target price on shares of The GEO Group in a report on Tuesday, March 18th. StockNews.com downgraded shares of The GEO Group from a “hold” rating to a “sell” rating in a report on Thursday, March 20th. Finally, Jones Trading reissued a “buy” rating and set a $55.00 price objective on shares of The GEO Group in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $41.00.

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.