The GEO Group (NYSE:GEO) Earns “Outperform” Rating from Wedbush

The GEO Group (NYSE:GEOGet Free Report)‘s stock had its “outperform” rating reissued by equities researchers at Wedbush in a research note issued to investors on Tuesday,Benzinga reports.

Several other brokerages have also weighed in on GEO. Noble Financial lowered The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Northland Securities increased their target price on shares of The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

View Our Latest Report on GEO

The GEO Group Stock Down 4.2 %

The GEO Group stock opened at $26.37 on Tuesday. The GEO Group has a 52 week low of $10.46 and a 52 week high of $29.86. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 90.93, a PEG ratio of 3.32 and a beta of 0.88. The company’s 50-day moving average price is $22.63 and its two-hundred day moving average price is $16.89. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25.

Hedge Funds Weigh In On The GEO Group

Several hedge funds have recently bought and sold shares of GEO. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of The GEO Group during the 3rd quarter worth about $25,000. Sound Income Strategies LLC boosted its position in The GEO Group by 472.1% during the third quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 2,625 shares during the period. Morse Asset Management Inc acquired a new position in The GEO Group during the third quarter valued at approximately $67,000. Quarry LP acquired a new position in The GEO Group during the third quarter valued at approximately $77,000. Finally, GAMMA Investing LLC raised its position in shares of The GEO Group by 38.5% in the third quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 1,910 shares during the period. 76.10% of the stock is owned by institutional investors and hedge funds.

About The GEO Group

(Get Free Report)

The GEO Group, Inc (NYSE: GEO) engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects.

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