Insider Selling: The GEO Group, Inc. (NYSE:GEO) EVP Sells $225,000.00 in Stock

The GEO Group, Inc. (NYSE:GEO) EVP Shayn P. March sold 7,500 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $30.00, for a total value of $225,000.00. Following the completion of the transaction, the executive vice president now directly owns 67,469 shares in the company, valued at approximately $2,024,070. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

The GEO Group Price Performance

Shares of NYSE:GEO opened at $29.51 on Thursday. 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 cap of $4.16 billion, a price-to-earnings ratio of 101.76, a P/E/G ratio of 2.11 and a beta of 0.91. The firm has a fifty day moving average price of $27.89 and a 200 day moving average price of $24.59. The GEO Group, Inc. has a fifty-two week low of $11.75 and a fifty-two week high of $36.46.

The GEO Group (NYSE:GEO) last released its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The company had revenue of $607.72 million for the quarter, compared to the consensus estimate of $607.45 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. As a group, sell-side analysts expect that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of The GEO Group

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of The GEO Group by 1.4% during the third quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust’s stock valued at $63,213,000 after acquiring an additional 66,658 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of The GEO Group by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 3,051,384 shares of the real estate investment trust’s stock worth $85,398,000 after acquiring an additional 35,281 shares during the last quarter. Point72 Asset Management L.P. grew its position in The GEO Group by 202.6% during the 4th quarter. Point72 Asset Management L.P. now owns 2,124,783 shares of the real estate investment trust’s stock worth $59,451,000 after purchasing an additional 1,422,676 shares during the last quarter. Discovery Capital Management LLC CT increased its position in shares of The GEO Group by 375.2% in the 4th quarter. Discovery Capital Management LLC CT now owns 1,839,500 shares of the real estate investment trust’s stock valued at $51,469,000 after acquiring an additional 1,452,400 shares during the period. Finally, Philosophy Capital Management LLC grew its stake in The GEO Group by 17.1% during the 3rd quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust’s stock valued at $21,125,000 after purchasing an additional 240,251 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com downgraded The GEO Group from a “hold” rating to a “sell” rating in a research note on Tuesday. UBS Group set a $35.00 price target on shares of The GEO Group in a report on Monday, March 24th. Wedbush reissued an “outperform” rating and issued a $46.00 price objective on shares of The GEO Group in a research note on Tuesday, March 18th. Jones Trading restated a “buy” rating and set a $55.00 target price on shares of The GEO Group in a research note on Friday, March 21st. Finally, Noble Financial reiterated an “outperform” rating on shares of The GEO Group in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, The GEO Group currently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

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.