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

The GEO Group, Inc. (NYSE:GEO)’s share price hit a new 52-week high on Tuesday . The company traded as high as $36.46 and last traded at $34.54, with a volume of 1258642 shares traded. The stock had previously closed at $35.35.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GEO shares. Wedbush reissued an “outperform” rating on shares of The GEO Group in a research note on Tuesday, December 17th. Noble Financial cut The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Finally, Northland Securities raised their price objective on The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 8th.

The GEO Group Price Performance

The business’s 50-day simple moving average is $29.08 and its two-hundred day simple moving average is $19.78. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 118.30, a price-to-earnings-growth ratio of 2.75 and a beta of 0.87. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10.

The GEO Group (NYSE:GEO) last issued its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The firm had revenue of $603.13 million for the quarter, compared to the consensus estimate of $611.69 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. During the same quarter in the prior year, the firm earned $0.19 EPS. Research analysts expect that The GEO Group, Inc. will post 0.83 earnings per share for the current year.

Institutional Investors Weigh In On The GEO Group

Hedge funds have recently added to or reduced their stakes in the business. Perigon Wealth Management LLC bought a new position in shares of The GEO Group during the fourth quarter valued at $239,000. KBC Group NV raised its position in The GEO Group by 37.2% during the 4th quarter. KBC Group NV now owns 6,023 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 1,632 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new position in The GEO Group during the 4th quarter worth about $203,000. Nisa Investment Advisors LLC grew its position in shares of The GEO Group by 91.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust’s stock valued at $24,050,000 after buying an additional 411,565 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of The GEO Group in the 4th quarter valued at about $207,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

The GEO Group Company Profile

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.