The GEO Group, Inc. (NYSE:GEO) Insider Sells $16,427.78 in Stock

The GEO Group, Inc. (NYSE:GEO) insider Nicole Mannarino sold 646 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $25.43, for a total value of $16,427.78. Following the completion of the transaction, the insider now owns 1,626 shares in the company, valued at $41,349.18. The trade was a 28.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

The GEO Group Price Performance

NYSE GEO traded down $0.47 during trading on Monday, hitting $26.15. 2,508,893 shares of the stock traded hands, compared to its average volume of 2,694,778. The company has a market capitalization of $3.67 billion, a P/E ratio of 90.17, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The GEO Group, Inc. has a 12-month low of $11.75 and a 12-month high of $36.46. The firm has a 50-day simple moving average of $28.83 and a 200-day simple moving average of $23.25. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25.

The GEO Group (NYSE:GEO) last announced its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.08). The business had revenue of $607.72 million for the quarter, compared to analysts’ expectations of $607.45 million. The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. As a group, analysts predict that The GEO Group, Inc. will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of The GEO Group during the 3rd quarter worth approximately $25,000. NewEdge Advisors LLC purchased a new stake in shares of The GEO Group during the fourth quarter valued at $29,000. SRS Capital Advisors Inc. grew its holdings in shares of The GEO Group by 160.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 720 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in The GEO Group by 149.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 915 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new position in shares of The GEO Group during the third quarter worth approximately $67,000. Institutional investors own 76.10% of the company’s stock.

Wall Street Analysts Forecast Growth

GEO has been the topic of several recent analyst reports. UBS Group set a $32.00 target price on The GEO Group in a research note on Wednesday, March 5th. Noble Financial upgraded shares of The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Wednesday, March 5th. Finally, Wedbush restated an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th.

About The GEO Group

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.