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

The GEO Group, Inc. (NYSE:GEO) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $28.60 and last traded at $27.67, with a volume of 381388 shares changing hands. The stock had previously closed at $28.40.

Wall Street Analyst Weigh In

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

The GEO Group Stock Up 3.9 %

The company has a 50-day moving average of $16.91 and a 200-day moving average of $14.98. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 99.66, a price-to-earnings-growth ratio of 3.44 and a beta of 0.63. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25.

Institutional Investors Weigh In On The GEO Group

Several large investors have recently bought and sold shares of GEO. Arizona State Retirement System grew its position in 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 valued at $510,000 after acquiring an additional 862 shares in the last quarter. Creative Planning increased its holdings 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 acquiring an additional 919 shares during the period. SummerHaven Investment Management LLC grew its position in The GEO Group by 1.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 100,735 shares of the real estate investment trust’s stock valued at $1,447,000 after buying an additional 1,098 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of The GEO Group by 7.4% during the first quarter. ProShare Advisors LLC now owns 24,326 shares of the real estate investment trust’s stock worth $343,000 after acquiring an additional 1,669 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of The GEO Group by 38.5% during the 3rd quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock worth $88,000 after buying an additional 1,910 shares in the last quarter. 76.10% of the stock is currently 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.