Geo Group Inc (The) (NYSE:GEO) has been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $33.78.

A number of brokerages recently weighed in on GEO. TheStreet raised shares of Geo Group from a “c+” rating to a “b-” rating in a report on Tuesday. Zacks Investment Research cut shares of Geo Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. ValuEngine cut shares of Geo Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 22nd. Canaccord Genuity set a $35.00 price objective on shares of Geo Group and gave the company a “buy” rating in a research note on Monday, August 7th. Finally, BidaskClub cut shares of Geo Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th.

Shares of Geo Group (NYSE:GEO) traded down $0.73 during trading on Friday, hitting $25.83. 809,423 shares of the company were exchanged, compared to its average volume of 638,042. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $3,200.00, a price-to-earnings ratio of 11.05, a P/E/G ratio of 2.32 and a beta of 1.50. Geo Group has a fifty-two week low of $22.14 and a fifty-two week high of $34.32.

In other Geo Group news, Director Christopher C. Wheeler sold 1,500 shares of Geo Group stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $25.09, for a total value of $37,635.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of GEO. Sigma Planning Corp increased its stake in shares of Geo Group by 6.8% during the 2nd quarter. Sigma Planning Corp now owns 9,338 shares of the real estate investment trust’s stock worth $276,000 after purchasing an additional 591 shares during the last quarter. Advisor Group Inc. increased its stake in shares of Geo Group by 54.0% during the 2nd quarter. Advisor Group Inc. now owns 4,344 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 1,524 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Geo Group by 69.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,661 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 1,909 shares during the last quarter. Wellington Shields & Co. LLC increased its stake in shares of Geo Group by 7.4% during the 3rd quarter. Wellington Shields & Co. LLC now owns 29,050 shares of the real estate investment trust’s stock worth $781,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of Geo Group by 16.0% during the 2nd quarter. Private Advisor Group LLC now owns 15,765 shares of the real estate investment trust’s stock worth $458,000 after purchasing an additional 2,172 shares during the last quarter. Hedge funds and other institutional investors own 95.68% of the company’s stock.

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About Geo Group

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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