Geo Group (NYSE:GEO) VP Matthew Albence Sells 11,797 Shares of Stock

Geo Group Inc (The) (NYSE:GEO) VP Matthew Albence sold 11,797 shares of Geo Group stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $31.45, for a total transaction of $371,015.65. Following the sale, the vice president owned 87,602 shares of the company’s stock, valued at approximately $2,755,082.90. This represents a 11.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Matthew Albence also recently made the following trade(s):

• On Thursday, August 20th, Matthew Albence sold 10,000 shares of Geo Group stock. The shares were sold at an average price of $31.69, for a total transaction of $316,900.00.

Geo Group Trading Up 1.3%

Shares of GEO stock traded up $0.41 during trading hours on Tuesday, hitting $31.26. The company had a trading volume of 2,204,089 shares, compared to its average volume of 2,116,769. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.65 and a quick ratio of 1.65. The stock has a market capitalization of $4.11 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 1.72 and a beta of 0.78. The company’s fifty day moving average is $31.01 and its 200 day moving average is $24.64. Geo Group Inc has a fifty-two week low of $12.51 and a fifty-two week high of $33.15.

Geo Group (NYSE:GEO) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.08. The firm had revenue of $732.07 million during the quarter, compared to the consensus estimate of $721.43 million. Geo Group had a net margin of 10.31% and a return on equity of 10.42%. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 EPS. Research analysts expect that Geo Group Inc will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GEO has been the subject of a number of research reports. Wall Street Zen cut Geo Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Noble Financial reissued an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. Northland Securities raised their target price on Geo Group from $30.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, June 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Geo Group in a research report on Friday, September 4th. Finally, UBS Group reiterated an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $40.00.

Institutional Investors Weigh In On Geo Group

Hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC acquired a new position in shares of Geo Group in the second quarter worth $644,000. WINTON GROUP Ltd purchased a new stake in shares of Geo Group during the second quarter worth $322,000. Engineers Gate Manager LP purchased a new stake in shares of Geo Group during the second quarter worth $478,000. Corient Private Wealth LP acquired a new stake in shares of Geo Group in the second quarter valued at $250,000. Finally, AXQ Capital LP acquired a new stake in shares of Geo Group in the second quarter valued at $428,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Geo Group Company Profile

The GEO Group, Inc (NYSE:GEO) is a provider of correctional, detention, reentry and community-based services. The company designs, develops, finances and manages secure facilities for government agencies, including correctional institutions, immigration detention centers and other custodial facilities.

GEO also provides electronic monitoring and community supervision services, including location monitoring, case management and related technologies. Through its reentry services, the company operates residential centers and programs intended to support individuals transitioning from incarceration to community living, employment and other post-release services.

Founded in 1984 as Wackenhut Corrections Corporation, the company adopted the name The GEO Group in 2003.