Geo Group (NYSE:GEO) Reaches New 1-Year High – Here’s What Happened

Shares of Geo Group Inc (The) (NYSE:GEO) hit a new 52-week high during trading on Wednesday. The company traded as high as $33.31 and last traded at $33.0420, with a volume of 871,116 shares. The stock had previously closed at $31.94.

Recent Geo Group Headlines

These are some of the GEO headlines that stood out recently:

• Positive Sentiment: Analysts raised earnings forecasts across multiple periods. Northland lifted its FY2027 EPS estimate to $2.36 from $1.54; Noble raised its FY2027 estimate to $2.06 from $1.56 and its Q4 2026 estimate to $0.40 from $0.30. Sidoti also increased its FY2027 and FY2028 forecasts. The revisions suggest improving expectations for future earnings.
• Positive Sentiment: A report cited a sector-wide rally as a factor in GEO’s recent advance, indicating that industry momentum may also be supporting the shares. GEO Group Jumps Amid Sector-Wide Rally
• Negative Sentiment: Protesters gathered at the company’s Charlotte headquarters to demand an end to its ICE detention contracts. The demonstrations highlight potential reputational and political pressure, but the reports do not indicate that contracts have been canceled. Protesters Target GEO Group’s Charlotte Headquarters

Analysts Set New Price Targets

A number of research analysts have weighed in on GEO shares. Wall Street Zen downgraded Geo Group from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Geo Group in a research note on Friday, September 4th. JonesTrading upped their price target on shares of Geo Group from $40.00 to $42.75 and gave the company a “buy” rating in a research report on Thursday, November 5th. Zacks Research upgraded shares of Geo Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Finally, UBS Group reissued a “buy” rating on shares of Geo Group in a report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $41.38.

Geo Group Price Performance

The company has a current ratio of 1.71, a quick ratio of 1.65 and a debt-to-equity ratio of 0.97. The firm has a market cap of $4.31 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 1.50 and a beta of 0.78. The stock has a 50 day simple moving average of $29.98 and a 200-day simple moving average of $24.62.

Geo Group (NYSE:GEO) last announced its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. The business had revenue of $761.06 million for the quarter, compared to the consensus estimate of $770.87 million. Geo Group had a return on equity of 11.44% and a net margin of 5.74%. The business’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 earnings per share. Equities analysts anticipate that Geo Group Inc will post 1.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Geo Group

In related news, VP Matthew Albence sold 11,797 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $31.45, for a total transaction of $371,015.65. Following the completion of the transaction, the vice president owned 87,602 shares in the company, 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 can be accessed through this hyperlink. Also, insider Ronald A. Brack sold 7,000 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $32.00, for a total transaction of $224,000.00. Following the transaction, the insider directly owned 71,614 shares of the company’s stock, valued at $2,291,648. The trade was a 8.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 28,797 shares of company stock worth $911,916 in the last three months. Insiders own 4.98% of the company’s stock.

Institutional Investors Weigh In On Geo Group

Large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in Geo Group during the second quarter valued at approximately $570,744,000. Pentwater Capital Management LP bought a new stake in Geo Group in the 2nd quarter worth approximately $312,698,000. Hsbc Holdings PLC purchased a new stake in shares of Geo Group during the 2nd quarter worth approximately $118,673,000. Assenagon Asset Management S.A. raised its holdings in shares of Geo Group by 141.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,895,780 shares of the real estate investment trust’s stock worth $118,704,000 after acquiring an additional 2,284,770 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Geo Group during the 2nd quarter valued at approximately $23,825,000. 76.10% of the stock is owned by institutional investors.

Geo Group Company Profile

The GEO Group, Inc. provides government services focused on corrections, detention and community-based supervision. Its services include operating secure facilities and processing centers, managing community reentry programs, and providing electronic monitoring and supervision technology for individuals in the community. The company serves federal, state and local government agencies, primarily in the United States. Its work also includes related services such as secure transportation and support programs for people transitioning from incarceration back into the community.