Nicole Mannarino Sells 646 Shares of The GEO Group, Inc. (NYSE:GEO) Stock

The GEO Group, Inc. (NYSE:GEO) insider Nicole Mannarino sold 646 shares of The GEO Group stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $25.43, for a total value of $16,427.78. Following the completion of the transaction, the insider now directly owns 1,626 shares of the company’s stock, valued at $41,349.18. This represents a 28.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

The GEO Group Price Performance

Shares of GEO stock opened at $26.47 on Wednesday. The stock has a 50-day moving average price of $28.73 and a 200 day moving average price of $23.43. 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 $3.72 billion, a price-to-earnings ratio of 91.27, 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 announced its quarterly earnings data 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 firm had revenue of $607.72 million during the quarter, compared to analyst estimates of $607.45 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. Research analysts expect that The GEO Group, Inc. will post 0.83 EPS for the current year.

Hedge Funds Weigh In On The GEO Group

Institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC acquired a new position in shares of The GEO Group during the 3rd quarter worth about $1,279,000. Nisa Investment Advisors LLC grew its position in shares of The GEO Group by 91.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust’s stock worth $24,050,000 after buying an additional 411,565 shares during the period. BNP Paribas Financial Markets grew its position in shares of The GEO Group by 20.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 273,724 shares of the real estate investment trust’s stock worth $3,517,000 after buying an additional 46,905 shares during the period. Jennison Associates LLC acquired a new position in shares of The GEO Group during the 3rd quarter worth about $630,000. Finally, Quest Partners LLC acquired a new position in shares of The GEO Group during the 3rd quarter worth about $609,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GEO has been the subject of a number of research analyst reports. Noble Financial raised The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a report on Wednesday, March 5th. Wedbush reiterated an “outperform” rating and issued a $46.00 price objective on shares of The GEO Group in a research report on Tuesday. Finally, UBS Group set a $32.00 price objective on The GEO Group in a research report on Wednesday, March 5th.

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.