The GEO Group (GEO) Hits New 52-Week Low at $18.41

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The GEO Group Inc (NYSE:GEO) hit a new 52-week low on Monday . The stock traded as low as $18.41 and last traded at $18.44, with a volume of 1016068 shares trading hands. The stock had previously closed at $18.99.

Several brokerages have weighed in on GEO. Zacks Investment Research downgraded shares of The GEO Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Wells Fargo & Co restated a “hold” rating on shares of The GEO Group in a research note on Monday, March 11th. ValuEngine upgraded shares of The GEO Group from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, JPMorgan Chase & Co. downgraded shares of The GEO Group from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $27.00 to $26.00 in a research note on Friday, February 15th.

The firm has a market capitalization of $2.29 billion, a PE ratio of 7.47, a price-to-earnings-growth ratio of 1.61 and a beta of 1.49. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.32.

The GEO Group (NYSE:GEO) last posted its quarterly earnings results on Thursday, February 14th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.24). The company had revenue of $599.43 million during the quarter, compared to analysts’ expectations of $588.94 million. The GEO Group had a return on equity of 13.94% and a net margin of 6.22%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 EPS. Analysts predict that The GEO Group Inc will post 1.97 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Teachers Retirement System raised its holdings in shares of The GEO Group by 5.0% in the fourth quarter. New York State Teachers Retirement System now owns 174,325 shares of the real estate investment trust’s stock worth $3,434,000 after buying an additional 8,320 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of The GEO Group by 204.3% in the fourth quarter. Bank of Montreal Can now owns 31,581 shares of the real estate investment trust’s stock worth $622,000 after buying an additional 21,203 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of The GEO Group by 11.8% in the third quarter. Bank of New York Mellon Corp now owns 3,087,270 shares of the real estate investment trust’s stock worth $77,677,000 after buying an additional 325,773 shares during the last quarter. Morgan Stanley raised its holdings in shares of The GEO Group by 39.6% in the third quarter. Morgan Stanley now owns 1,031,081 shares of the real estate investment trust’s stock worth $25,942,000 after buying an additional 292,520 shares during the last quarter. Finally, Teachers Advisors LLC raised its holdings in shares of The GEO Group by 3.0% in the third quarter. Teachers Advisors LLC now owns 1,123,087 shares of the real estate investment trust’s stock worth $28,257,000 after buying an additional 32,453 shares during the last quarter. 88.83% of the stock is owned by institutional investors and hedge funds.

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The GEO Group Company Profile (NYSE:GEO)

The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of correctional, detention, and community reentry facilities around the globe. GEO is the world's leading provider of diversified correctional, detention, community reentry, and electronic monitoring services to government agencies worldwide with operations in the United States, Australia, South Africa, and the United Kingdom.

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