The GEO Group (NYSE:GEO) Stock Price Up 3.5% – Here’s Why

The GEO Group, Inc. (NYSE:GEO)’s share price shot up 3.5% during mid-day trading on Tuesday . The stock traded as high as $28.96 and last traded at $28.92. 247,024 shares changed hands during trading, a decline of 91% from the average session volume of 2,699,523 shares. The stock had previously closed at $27.94.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GEO shares. Noble Financial lowered shares of The GEO Group from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Wedbush upped their price target on shares of The GEO Group from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. StockNews.com lowered The GEO Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Northland Securities upped their target price on The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

The GEO Group Price Performance

The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 99.07, a PEG ratio of 3.38 and a beta of 0.63. The business’s fifty day simple moving average is $17.82 and its 200 day simple moving average is $15.31.

Institutional Trading of The GEO Group

Several large investors have recently made changes to their positions in GEO. Point72 Asia Singapore Pte. Ltd. bought a new stake in The GEO Group during the 3rd quarter worth approximately $25,000. Sound Income Strategies LLC boosted its position in shares of The GEO Group by 472.1% during the third quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 2,625 shares during the last quarter. Morse Asset Management Inc bought a new stake in The GEO Group during the third quarter worth $67,000. Quarry LP purchased a new stake in The GEO Group in the 3rd quarter valued at $77,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in The GEO Group by 62.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust’s stock valued at $90,000 after acquiring an additional 2,393 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

The GEO Group Company Profile

The GEO Group, Inc (NYSE: GEO) engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.