The GEO Group (NYSE:GEO) Hits New 52-Week High – What’s Next?

The GEO Group, Inc. (NYSE:GEO) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $30.38 and last traded at $30.19, with a volume of 1795727 shares changing hands. The stock had previously closed at $28.69.

Wall Street Analyst Weigh In

GEO has been the subject of a number of research analyst reports. Wedbush reaffirmed an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th. Northland Securities lifted their price objective on The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Noble Financial cut The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th.

The GEO Group Stock Up 7.4 %

The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25. The firm has a market cap of $4.31 billion, a PE ratio of 106.21, a PEG ratio of 3.32 and a beta of 0.87. The firm has a 50 day moving average price of $26.28 and a 200-day moving average price of $18.37.

Institutional Trading of The GEO Group

A number of institutional investors have recently bought and sold shares of GEO. GAMMA Investing LLC lifted its stake in The GEO Group by 18.6% during the fourth quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust’s stock worth $228,000 after purchasing an additional 1,281 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in The GEO Group by 3.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 201,150 shares of the real estate investment trust’s stock worth $2,607,000 after acquiring an additional 6,850 shares in the last quarter. Tidal Investments LLC lifted its position in The GEO Group by 27.9% in the third quarter. Tidal Investments LLC now owns 22,000 shares of the real estate investment trust’s stock valued at $283,000 after acquiring an additional 4,800 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of The GEO Group by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,016,103 shares of the real estate investment trust’s stock valued at $38,765,000 after purchasing an additional 97,452 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of The GEO Group by 374.6% in the 3rd quarter. Barclays PLC now owns 216,447 shares of the real estate investment trust’s stock valued at $2,781,000 after purchasing an additional 170,839 shares during the period. 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.