The GEO Group Inc (GEO) Given Average Rating of “Hold” by Brokerages

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

Several brokerages recently weighed in on GEO. TheStreet raised shares of The GEO Group from a “c+” rating to a “b-” rating in a research report on Tuesday, November 28th. Zacks Investment Research raised shares of The GEO Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, ValuEngine cut shares of The GEO Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 22nd.

In other The GEO Group news, Director Christopher C. Wheeler sold 1,500 shares of The GEO Group stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $25.09, for a total transaction of $37,635.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.40% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of GEO. Advisor Group Inc. increased its stake in shares of The 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. Riverhead Capital Management LLC increased its stake in shares of The 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 purchasing an additional 4,439 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of The GEO Group by 50.0% during the 2nd quarter. Toronto Dominion Bank now owns 6,901 shares of the real estate investment trust’s stock worth $204,000 after purchasing an additional 2,300 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of The GEO Group during the 3rd quarter worth approximately $248,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of The GEO Group by 52.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 8,844 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 3,036 shares during the last quarter. Institutional investors own 95.63% of the company’s stock.

Shares of The GEO Group (GEO) traded up $0.07 during midday trading on Friday, reaching $22.22. 841,787 shares of the company traded hands, compared to its average volume of 662,422. The GEO Group has a twelve month low of $22.04 and a twelve month high of $34.32. The company has a market cap of $2,748.16, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.83 and a beta of 1.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.27 and a current ratio of 1.27.

The GEO Group (NYSE:GEO) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.13). The GEO Group had a net margin of 7.05% and a return on equity of 14.85%. equities analysts predict that The GEO Group will post 1.94 EPS for the current fiscal year.

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About The 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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