Geo Group (NYSE:GEO) VP Matthew Albence Sells 10,000 Shares

Geo Group Inc (The) (NYSE:GEO) VP Matthew Albence sold 10,000 shares of Geo Group stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $31.69, for a total transaction of $316,900.00. Following the sale, the vice president directly owned 99,399 shares of the company’s stock, valued at $3,149,954.31. This represents a 9.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Geo Group Trading Down 1.6%

NYSE:GEO traded down $0.52 during midday trading on Monday, hitting $32.19. The stock had a trading volume of 1,521,450 shares, compared to its average volume of 2,129,753. The stock has a 50-day moving average of $30.32 and a 200 day moving average of $22.75. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 1.79 and a beta of 0.79. Geo Group Inc has a one year low of $12.51 and a one year high of $33.15. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 1.00.

Geo Group (NYSE:GEO) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. Geo Group had a return on equity of 10.42% and a net margin of 10.31%.The business had revenue of $732.07 million during the quarter, compared to analyst estimates of $721.43 million. During the same period in the previous year, the company posted $0.22 EPS. Geo Group’s revenue was up 15.1% on a year-over-year basis. As a group, sell-side analysts forecast that Geo Group Inc will post 1.31 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GEO shares. Wall Street Zen cut shares of Geo Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings raised shares of Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Zacks Research raised Geo Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. UBS Group reiterated an “outperform” rating on shares of Geo Group in a report on Monday, August 10th. Finally, Noble Financial reiterated an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $40.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GEO. Geneos Wealth Management Inc. boosted its holdings in 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 purchasing an additional 782 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Geo Group by 111.9% in the 1st quarter. Bessemer Group Inc. now owns 1,723 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 910 shares during the period. IFP Advisors Inc purchased a new stake in shares of Geo Group in the fourth quarter worth about $30,000. Global Retirement Partners LLC purchased a new stake in shares of Geo Group in the second quarter worth about $34,000. Finally, NewEdge Advisors LLC grew its holdings in Geo Group by 81.9% during the first quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 839 shares during the period. 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.