The GEO Group’s (GEO) Outperform Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of The GEO Group (NYSE:GEO) in a research note published 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 report on Monday, November 11th. Northland Securities increased their target price on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

The GEO Group Price Performance

NYSE GEO opened at $28.00 on Tuesday. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 96.56, a PEG ratio of 3.32 and a beta of 0.88. The GEO Group has a 12 month low of $10.46 and a 12 month high of $29.86. The company’s 50 day moving average is $22.91 and its two-hundred day moving average is $16.97. 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 Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Arizona State Retirement System increased its holdings 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 buying an additional 862 shares during the last quarter. Creative Planning increased its stake in The GEO Group by 9.0% during the third quarter. Creative Planning now owns 11,096 shares of the real estate investment trust’s stock worth $143,000 after acquiring an additional 919 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in The GEO Group by 1.1% during the second quarter. SummerHaven Investment Management LLC now owns 100,735 shares of the real estate investment trust’s stock worth $1,447,000 after acquiring an additional 1,098 shares during the last quarter. GAMMA Investing LLC raised its position in 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 valued at $88,000 after purchasing an additional 1,910 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of The GEO Group in the 3rd quarter valued at approximately $25,000. 76.10% of the stock is owned by hedge funds and other institutional investors.

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.