Geo Group (NYSE:GEO) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Geo Group Inc (The) (NYSE:GEO)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.96 and traded as high as $23.82. Geo Group shares last traded at $23.5420, with a volume of 1,293,202 shares.

Wall Street Analysts Forecast Growth

GEO has been the subject of several research analyst reports. JonesTrading cut their price objective on Geo Group from $37.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, March 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Geo Group in a research report on Friday, March 27th. Finally, Wall Street Zen cut Geo Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Geo Group currently has a consensus rating of “Moderate Buy” and an average target price of $34.50.

Geo Group Price Performance

The company has a 50-day simple moving average of $19.01 and a 200-day simple moving average of $16.96. The stock has a market cap of $3.15 billion, a PE ratio of 11.95 and a beta of 0.82. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.75 and a quick ratio of 1.75.

Geo Group (NYSE:GEO) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.10. The firm had revenue of $705.21 million during the quarter, compared to analysts’ expectations of $688.89 million. Geo Group had a return on equity of 9.43% and a net margin of 10.00%.Geo Group’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 earnings per share. Geo Group has set its FY 2026 guidance at 1.150-1.250 EPS and its Q2 2026 guidance at 0.250-0.290 EPS. Sell-side analysts anticipate that Geo Group Inc will post 1.2 EPS for the current fiscal year.

Insider Buying and Selling at Geo Group

In other news, Director Scott Michael Kernan sold 6,633 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $15.24, for a total value of $101,086.92. Following the completion of the transaction, the director owned 27,062 shares in the company, valued at $412,424.88. This trade represents a 19.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.98% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Covestor Ltd increased its position in shares of Geo Group by 18.9% in the third quarter. Covestor Ltd now owns 3,887 shares of the real estate investment trust’s stock valued at $80,000 after buying an additional 617 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Geo Group by 22.7% in the first quarter. Public Employees Retirement System of Ohio now owns 3,866 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 715 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of Geo Group by 2.4% in the first quarter. Kestra Advisory Services LLC now owns 30,462 shares of the real estate investment trust’s stock valued at $512,000 after buying an additional 727 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Geo Group by 3.0% in the fourth quarter. ProShare Advisors LLC now owns 26,333 shares of the real estate investment trust’s stock valued at $424,000 after buying an additional 772 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Geo Group by 245.1% in the second quarter. Geneos Wealth Management Inc. now owns 1,101 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 782 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

About Geo Group

The GEO Group (NYSE:GEO) is a leading provider of correctional, detention and community reentry services to government agencies around the world. As a real estate investment trust, the company specializes in the design, financing, development and operation of secure facilities for adult and juvenile offenders, immigration detainees and individuals requiring mental health treatment or substance abuse programming. GEO’s integrated service model also encompasses electronic monitoring, rehabilitative programming and post-release supervision aimed at reducing recidivism and enhancing public safety.

GEO’s portfolio spans a range of facility types, including medium- and maximum-security correctional institutions, residential reentry centers, mental health treatment units and immigration detention centers.