The GEO Group (NYSE:GEO) Shares Gap Down – Should You Sell?

The GEO Group, Inc. (NYSE:GEO)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $27.73, but opened at $26.93. The GEO Group shares last traded at $27.87, with a volume of 485,694 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GEO shares. Wedbush restated an “outperform” rating on shares of The GEO Group in a report on Tuesday. Northland Securities boosted 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. Finally, Noble Financial downgraded shares of The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th.

The GEO Group Stock Down 1.2 %

The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 95.62, a PEG ratio of 3.32 and a beta of 0.88. The business’s 50-day moving average is $22.10 and its 200-day moving average is $16.74. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10.

Institutional Trading of The GEO Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp increased its stake in shares of The GEO Group by 1.4% in the 3rd quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust’s stock valued at $63,213,000 after buying an additional 66,658 shares during the period. Geode Capital Management LLC grew its position in shares of The GEO Group by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,016,103 shares of the real estate investment trust’s stock worth $38,765,000 after buying an additional 97,452 shares during the period. Philosophy Capital Management LLC lifted its holdings in The GEO Group by 17.1% in the third quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust’s stock valued at $21,125,000 after buying an additional 240,251 shares during the period. Bank of New York Mellon Corp boosted its stake in The GEO Group by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 1,114,771 shares of the real estate investment trust’s stock valued at $16,008,000 after acquiring an additional 49,134 shares during the last quarter. Finally, Hodges Capital Management Inc. raised its position in shares of 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 valued at $10,136,000 after acquiring an additional 739,550 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

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.