The GEO Group (NYSE:GEO) Shares Gap Down – What’s Next?

The GEO Group, Inc. (NYSE:GEO)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $26.38, but opened at $25.56. The GEO Group shares last traded at $26.46, with a volume of 302,585 shares.

Analysts Set New Price Targets

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

The GEO Group Trading Up 7.0 %

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 firm has a market cap of $3.95 billion, a price-to-earnings ratio of 97.11, a PEG ratio of 3.22 and a beta of 0.63. The business has a fifty day simple moving average of $15.98 and a 200-day simple moving average of $14.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in The GEO Group during the 3rd quarter worth about $25,000. Sound Income Strategies LLC lifted its stake in shares of The GEO Group by 472.1% in the third quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 2,625 shares during the period. Morse Asset Management Inc acquired a new stake in The GEO Group during the 3rd quarter valued at approximately $67,000. Quarry LP bought a new position in The GEO Group during the 3rd quarter worth approximately $77,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of The GEO Group by 62.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 2,393 shares during the period. Institutional investors and hedge funds own 76.10% of the company’s stock.

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.