The GEO Group Inc (NYSE:GEO) Director Richard H. Glanton sold 3,175 shares of the stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $25.19, for a total value of $79,978.25. Following the sale, the director now owns 5,252 shares in the company, valued at $132,297.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

NYSE:GEO traded down $0.22 during trading hours on Friday, hitting $25.23. 16,448 shares of the stock were exchanged, compared to its average volume of 741,568. The GEO Group Inc has a twelve month low of $19.05 and a twelve month high of $28.06. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 9.98, a P/E/G ratio of 2.19 and a beta of 1.28.

The GEO Group (NYSE:GEO) last posted its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.15). The GEO Group had a return on equity of 13.90% and a net margin of 6.45%. The firm had revenue of $583.51 million for the quarter, compared to analyst estimates of $573.70 million. During the same period in the prior year, the company posted $0.61 EPS. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. equities analysts predict that The GEO Group Inc will post 1.95 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of GEO. Qube Research & Technologies Ltd acquired a new position in The GEO Group during the 2nd quarter worth $116,000. Centaurus Financial Inc. acquired a new position in The GEO Group during the 2nd quarter worth $149,000. Itau Unibanco Holding S.A. acquired a new position in The GEO Group during the 2nd quarter worth $169,000. Jane Street Group LLC acquired a new position in The GEO Group during the 2nd quarter worth $206,000. Finally, Zeke Capital Advisors LLC acquired a new position in The GEO Group during the 2nd quarter worth $210,000. 92.30% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on GEO. ValuEngine upgraded The GEO Group from a “sell” rating to a “hold” rating in a research report on Friday, June 29th. Zacks Investment Research upgraded The GEO Group from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Monday, July 23rd.

The GEO Group Company Profile

The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust ("REIT") 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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