Geo Group Inc (The) (NYSE:GEO) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a 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 equities research analysts recently weighed in on GEO shares. Zacks Investment Research raised Geo Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Canaccord Genuity set a $35.00 price target on Geo Group and gave the stock a “buy” rating in a report on Monday, August 7th. BidaskClub downgraded Geo Group from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. ValuEngine downgraded Geo Group from a “strong-buy” rating to a “buy” rating in a report on Friday, September 22nd. Finally, TheStreet raised Geo Group from a “c+” rating to a “b-” rating in a report on Tuesday.
Shares of Geo Group (NYSE:GEO) traded down $0.01 during mid-day trading on Friday, reaching $26.54. The company had a trading volume of 596,900 shares, compared to its average volume of 1,041,501. Geo Group has a 12 month low of $21.74 and a 12 month high of $34.32. The company has a market capitalization of $3,300.00, a P/E ratio of 11.05, a P/E/G ratio of 2.32 and a beta of 1.50. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.27 and a current ratio of 1.27.
Several large investors have recently made changes to their positions in the company. Advisor Group Inc. boosted its stake in Geo Group by 54.0% during the second quarter. Advisor Group Inc. now owns 4,344 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 1,524 shares during the last quarter. Ffcm LLC increased its holdings in Geo Group by 265.8% during the 2nd quarter. Ffcm LLC now owns 4,415 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 3,208 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 acquiring an additional 1,909 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Geo Group by 201.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,639 shares of the real estate investment trust’s stock worth $196,000 after acquiring an additional 4,439 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Geo Group during the 2nd quarter worth about $199,000. Hedge funds and other institutional investors own 95.68% of the company’s stock.
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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