The GEO Group, Inc. (NYSE:GEO) Insider Nicole Mannarino Sells 646 Shares

The GEO Group, Inc. (NYSE:GEO) insider Nicole Mannarino sold 646 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $41,349.18. This represents a 28.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

The GEO Group Trading Up 0.7 %

NYSE GEO opened at $26.47 on Wednesday. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 91.27, a PEG ratio of 2.11 and a beta of 0.91. The stock’s 50 day moving average price is $28.73 and its two-hundred day moving average price is $23.43. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10. The GEO Group, Inc. has a 52 week low of $11.75 and a 52 week high of $36.46.

The GEO Group (NYSE:GEO) last released its earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.08). The firm had revenue of $607.72 million during the quarter, compared to the consensus estimate 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 anticipate that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The GEO Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC bought a new stake in shares of The GEO Group during the 4th quarter worth approximately $29,000. SRS Capital Advisors Inc. raised its stake in shares of The GEO Group by 160.0% during the 4th 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 in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of The GEO Group by 149.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 915 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of The GEO Group during the 3rd quarter worth approximately $25,000. Finally, Jones Financial Companies Lllp raised its stake in shares of The GEO Group by 182.6% during the 4th quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 2,034 shares in the last quarter. Institutional investors own 76.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Noble Financial upgraded The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research report on Wednesday, March 5th. Wedbush reiterated an “outperform” rating and issued a $46.00 price objective on shares of The GEO Group in a research report on Tuesday. Finally, UBS Group set a $32.00 target price on The GEO Group in a research note on Wednesday, March 5th.

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.