The GEO Group (NYSE:GEO) Given Outperform Rating at Wedbush

Wedbush reissued their outperform rating on shares of The GEO Group (NYSE:GEO) in a research note released on Tuesday morning,Benzinga reports.

Other research analysts also recently issued research reports about the stock. Noble Financial downgraded shares of The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Northland Securities lifted their price target on shares of The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

The GEO Group Trading Down 0.7 %

NYSE GEO opened at $27.53 on Tuesday. 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 stock has a 50 day simple moving average of $22.37 and a two-hundred day simple moving average of $16.83. The stock has a market cap of $3.85 billion, a P/E ratio of 94.93, a price-to-earnings-growth ratio of 3.32 and a beta of 0.88. The GEO Group has a fifty-two week low of $10.43 and a fifty-two week high of $29.86.

Hedge Funds Weigh In On The GEO Group

A number of hedge funds have recently bought and sold shares of GEO. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of The GEO Group during the 3rd quarter worth about $25,000. Sound Income Strategies LLC raised its holdings 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 acquiring an additional 2,625 shares during the last quarter. Morse Asset Management Inc purchased a new position in shares of The GEO Group in the third quarter valued at approximately $67,000. Quarry LP acquired a new stake in shares of The GEO Group in the third quarter worth approximately $77,000. Finally, GAMMA Investing LLC increased its position in shares of The GEO Group by 38.5% during the third quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 1,910 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

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.