Ronald Brack Sells 7,000 Shares of Geo Group (NYSE:GEO) Stock

Geo Group Inc (The) (NYSE:GEO) insider Ronald Brack sold 7,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $32.00, for a total transaction of $224,000.00. Following the completion of the sale, the insider directly owned 71,614 shares in the company, valued at approximately $2,291,648. The trade was a 8.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Geo Group Stock Performance

NYSE:GEO opened at $32.73 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $4.31 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79. The firm has a 50-day moving average price of $30.55 and a two-hundred day moving average price of $23.10. Geo Group Inc has a twelve month low of $12.51 and a twelve month high of $33.15.

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

Analyst Ratings Changes

GEO has been the subject of several recent research reports. UBS Group reissued an “outperform” rating on shares of Geo Group in a research report on Monday, August 10th. Wall Street Zen lowered Geo Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Zacks Research upgraded Geo Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Weiss Ratings raised shares of Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. Finally, Northland Securities upped their target price on shares of Geo Group from $30.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $40.00.

Institutional Trading of Geo Group

A number of institutional investors have recently added to or reduced their stakes in the business. Cooper Creek Partners Management LLC boosted its position in shares of Geo Group by 14.2% in the first quarter. Cooper Creek Partners Management LLC now owns 5,314,006 shares of the real estate investment trust’s stock worth $89,328,000 after buying an additional 661,281 shares during the period. Vanguard Group Inc. grew its stake in shares of Geo Group by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 14,894,927 shares of the real estate investment trust’s stock valued at $240,106,000 after buying an additional 98,742 shares in the last quarter. Militia Capital Management LLC purchased a new stake in shares of Geo Group during the 1st quarter valued at about $3,634,000. Assenagon Asset Management S.A. purchased a new stake in shares of Geo Group during the 2nd quarter valued at about $47,605,000. Finally, Quantinno Capital Management LP lifted its position in Geo Group by 304.5% during the 1st quarter. Quantinno Capital Management LP now owns 176,266 shares of the real estate investment trust’s stock worth $2,963,000 after acquiring an additional 132,690 shares in the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.

Geo Group Company Profile

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.