The GEO Group (NYSE:GEO) Sets New 12-Month High – What’s Next?

The GEO Group, Inc. (NYSE:GEO)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $33.95 and last traded at $33.05, with a volume of 346715 shares. The stock had previously closed at $31.67.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GEO. Wedbush reissued an “outperform” rating on shares of The GEO Group in a report on Tuesday, December 17th. Northland Securities increased their price target on shares of The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Noble Financial cut shares of The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th.

The GEO Group Stock Up 5.3 %

The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $4.66 billion, a P/E ratio of 115.00, a P/E/G ratio of 3.32 and a beta of 0.87. The stock has a fifty day moving average price of $27.56 and a two-hundred day moving average price of $18.87.

Institutional Investors Weigh In On The GEO Group

Several hedge funds have recently bought and sold shares of the business. Arizona State Retirement System lifted its position in shares of The GEO Group by 2.5% in the 2nd quarter. Arizona State Retirement System now owns 35,525 shares of the real estate investment trust’s stock worth $510,000 after acquiring an additional 862 shares during the period. Creative Planning boosted its stake in shares of The GEO Group by 9.0% in the 3rd quarter. Creative Planning now owns 11,096 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 919 shares during the last quarter. GAMMA Investing LLC boosted its stake in The GEO Group by 18.6% during the 4th quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust’s stock worth $228,000 after acquiring an additional 1,281 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in The GEO Group during the 3rd quarter worth approximately $25,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of The GEO Group by 62.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 2,393 shares during the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.

About The GEO Group

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.