Insider Selling: The GEO Group, Inc. (NYSE:GEO) Insider Sells 646 Shares of Stock

The GEO Group, Inc. (NYSE:GEO) insider Nicole Mannarino sold 646 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was 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 directly owns 1,626 shares of the company’s stock, valued at $41,349.18. This represents a 28.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

The GEO Group Stock Performance

NYSE:GEO traded down $0.47 on Monday, hitting $26.15. The stock had a trading volume of 2,508,893 shares, compared to its average volume of 2,694,778. The business’s 50-day simple moving average is $28.83 and its two-hundred day simple moving average is $23.25. The stock has a market cap of $3.67 billion, a price-to-earnings 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 52-week low of $11.75 and a 52-week high of $36.46. 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 posted its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The business had revenue of $607.72 million during the quarter, compared to analysts’ expectations of $607.45 million. The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. As a group, research analysts predict 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 modified their holdings of the business. Discovery Capital Management LLC CT raised its holdings in The GEO Group by 375.2% in the 4th quarter. Discovery Capital Management LLC CT now owns 1,839,500 shares of the real estate investment trust’s stock worth $51,469,000 after purchasing an additional 1,452,400 shares during the period. Point72 Asset Management L.P. raised its stake in shares of The GEO Group by 202.6% in the fourth quarter. Point72 Asset Management L.P. now owns 2,124,783 shares of the real estate investment trust’s stock worth $59,451,000 after buying an additional 1,422,676 shares during the period. Newbrook Capital Advisors LP bought a new position in shares of The GEO Group during the 4th quarter valued at approximately $35,738,000. BlueCrest Capital Management Ltd purchased a new stake in The GEO Group in the 4th quarter worth approximately $34,456,000. Finally, Hodges Capital Management Inc. raised its stake in The GEO Group by 1,501.6% during the 3rd quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust’s stock worth $10,136,000 after acquiring an additional 739,550 shares during the period. Institutional investors own 76.10% of the company’s stock.

Wall Street Analyst Weigh In

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

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.