Shares of Geo Group Inc (The) (NYSE:GEO) have received a consensus recommendation of “Hold” from the eight research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $33.78.

A number of analysts have issued reports on GEO shares. Zacks Investment Research raised Geo Group Inc (The) from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a report on Tuesday, July 4th. Canaccord Genuity reaffirmed a “buy” rating and issued a $35.00 target price on shares of Geo Group Inc (The) in a report on Monday, June 19th. BidaskClub lowered Geo Group Inc (The) from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. J P Morgan Chase & Co started coverage on Geo Group Inc (The) in a report on Friday, July 14th. They issued an “overweight” rating and a $35.00 target price on the stock. Finally, ValuEngine raised Geo Group Inc (The) from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th.

In other Geo Group Inc (The) news, Director Anne N. Foreman sold 17,340 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $26.67, for a total value of $462,457.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Norman A. Carlson sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $25.77, for a total value of $257,700.00. Following the completion of the sale, the director now owns 39,779 shares of the company’s stock, valued at approximately $1,025,104.83. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the business. Utah Retirement Systems lifted its position in shares of Geo Group Inc (The) by 1.3% in the 1st quarter. Utah Retirement Systems now owns 8,085 shares of the real estate investment trust’s stock worth $375,000 after acquiring an additional 100 shares during the period. Amalgamated Bank lifted its position in shares of Geo Group Inc (The) by 4.9% in the 1st quarter. Amalgamated Bank now owns 10,494 shares of the real estate investment trust’s stock worth $487,000 after acquiring an additional 490 shares during the period. Asset Management One Co. Ltd. lifted its position in shares of Geo Group Inc (The) by 0.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 176,646 shares of the real estate investment trust’s stock worth $8,173,000 after acquiring an additional 526 shares during the period. Sigma Planning Corp lifted its position in shares of Geo Group Inc (The) by 6.8% in the 2nd quarter. Sigma Planning Corp now owns 9,338 shares of the real estate investment trust’s stock worth $276,000 after acquiring an additional 591 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Geo Group Inc (The) by 0.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 75,002 shares of the real estate investment trust’s stock worth $3,478,000 after acquiring an additional 664 shares during the period. Institutional investors own 93.85% of the company’s stock.

Geo Group Inc (NYSE GEO) opened at 26.61 on Friday. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 18.66 and a beta of 1.53. The firm has a 50 day moving average price of $26.91 and a 200-day moving average price of $29.92. Geo Group Inc has a 12 month low of $15.07 and a 12 month high of $34.32.

Geo Group Inc (The) (NYSE:GEO) last issued its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.15). The company had revenue of $570.10 million for the quarter, compared to analyst estimates of $584.69 million. Geo Group Inc (The) had a net margin of 7.32% and a return on equity of 15.84%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 EPS. On average, equities analysts forecast that Geo Group Inc will post $1.27 EPS for the current year.

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Geo Group Inc (The) Company Profile

The GEO Group, Inc is a real estate investment trust (REIT) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.

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