Geo Group (NYSE:GEO) Reaches New 52-Week High – Here’s What Happened

Geo Group Inc (The) (NYSE:GEO)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $30.08 and last traded at $29.70, with a volume of 2981886 shares trading hands. The stock had previously closed at $29.28.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GEO. Weiss Ratings upgraded shares of Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. JonesTrading decreased their target price on Geo Group from $37.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, March 20th. Finally, Wall Street Zen cut Geo Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $33.00.

Geo Group Price Performance

The company’s 50-day moving average price is $22.72 and its 200-day moving average price is $18.50. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.75 and a quick ratio of 1.75. The company has a market cap of $3.97 billion, a P/E ratio of 15.08 and a beta of 0.86.

Geo Group (NYSE:GEO) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.29 EPS for the quarter, beating the consensus estimate of $0.19 by $0.10. The business had revenue of $705.21 million for the quarter, compared to analysts’ expectations of $688.89 million. Geo Group had a net margin of 10.00% and a return on equity of 9.43%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. Geo Group has set its FY 2026 guidance at 1.150-1.250 EPS and its Q2 2026 guidance at 0.250-0.290 EPS. As a group, sell-side analysts predict that Geo Group Inc will post 1.2 earnings per share for the current fiscal year.

Institutional Trading of Geo Group

A number of institutional investors have recently modified their holdings of GEO. Vanguard Group Inc. grew its holdings in shares of Geo Group by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 14,894,927 shares of the real estate investment trust’s stock worth $240,106,000 after buying an additional 98,742 shares in the last quarter. Turiya Advisors Asia Ltd bought a new stake in Geo Group in the 3rd quarter valued at approximately $115,664,000. Cooper Creek Partners Management LLC boosted its position in Geo Group by 14.2% during the 1st quarter. Cooper Creek Partners Management LLC now owns 5,314,006 shares of the real estate investment trust’s stock worth $89,328,000 after acquiring an additional 661,281 shares during the last quarter. State Street Corp boosted its position in Geo Group by 2.6% during the 4th quarter. State Street Corp now owns 4,961,725 shares of the real estate investment trust’s stock worth $79,983,000 after acquiring an additional 126,609 shares during the last quarter. Finally, Continental General Insurance Co. grew its stake in shares of Geo Group by 10.1% during the 4th quarter. Continental General Insurance Co. now owns 4,684,474 shares of the real estate investment trust’s stock worth $75,514,000 after acquiring an additional 430,000 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors.

Geo Group Company Profile

The GEO Group (NYSE:GEO) is a leading provider of correctional, detention and community reentry services to government agencies around the world. As a real estate investment trust, the company specializes in the design, financing, development and operation of secure facilities for adult and juvenile offenders, immigration detainees and individuals requiring mental health treatment or substance abuse programming. GEO’s integrated service model also encompasses electronic monitoring, rehabilitative programming and post-release supervision aimed at reducing recidivism and enhancing public safety.

GEO’s portfolio spans a range of facility types, including medium- and maximum-security correctional institutions, residential reentry centers, mental health treatment units and immigration detention centers.