The GEO Group (NYSE:GEO) Shares Up 3.4% – Here’s Why

The GEO Group, Inc. (NYSE:GEO)’s stock price traded up 3.4% on Tuesday . The company traded as high as $28.66 and last traded at $28.49. 301,854 shares traded hands during trading, a decline of 89% from the average session volume of 2,697,403 shares. The stock had previously closed at $27.54.

Analyst Upgrades and Downgrades

GEO has been the subject of a number of research reports. Noble Financial downgraded The GEO Group from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Northland Securities upped their price objective on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Wedbush reaffirmed an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th.

The GEO Group Stock Performance

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 firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 96.49, a P/E/G ratio of 3.32 and a beta of 0.88. The company has a 50-day moving average price of $25.23 and a 200-day moving average price of $17.88.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Intech Investment Management LLC bought a new position in The GEO Group in the 3rd quarter valued at about $1,279,000. Versor Investments LP bought a new stake in shares of The GEO Group in the 3rd quarter worth $604,000. BNP Paribas Financial Markets grew its holdings in The GEO Group by 20.7% during the third quarter. BNP Paribas Financial Markets now owns 273,724 shares of the real estate investment trust’s stock worth $3,517,000 after acquiring an additional 46,905 shares during the period. Jennison Associates LLC bought a new stake in The GEO Group in the third quarter worth about $630,000. Finally, Quest Partners LLC acquired a new stake in The GEO Group in the 3rd quarter valued at about $609,000. 76.10% of the stock is owned by institutional investors and hedge funds.

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.