The GEO Group (NYSE:GEO) Trading 4.4% Higher – Here’s Why

The GEO Group, Inc. (NYSE:GEO)’s share price was up 4.4% on Thursday . The stock traded as high as $26.80 and last traded at $26.60. Approximately 177,422 shares changed hands during trading, a decline of 93% from the average daily volume of 2,665,889 shares. The stock had previously closed at $25.47.

Wall Street Analyst Weigh In

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

The GEO Group Price Performance

The company has a 50-day moving average of $15.72 and a two-hundred day moving average of $14.62. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.26. The stock has a market capitalization of $3.72 billion, a PE ratio of 91.73, a P/E/G ratio of 3.16 and a beta of 0.63.

Institutional Trading of The GEO Group

Several institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in The GEO Group during the 3rd quarter worth approximately $25,000. Sound Income Strategies LLC grew its stake in The GEO Group by 472.1% during the third quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 2,625 shares during the period. Morse Asset Management Inc acquired a new stake in shares of The GEO Group in the third quarter worth $67,000. Quarry LP purchased a new position in shares of The GEO Group in the 3rd quarter valued at $77,000. Finally, GAMMA Investing LLC lifted its holdings in shares of The GEO Group by 38.5% during the 3rd quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock valued at $88,000 after acquiring an additional 1,910 shares in the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.

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.