The GEO Group (NYSE:GEO) Trading Down 5.7% – What’s Next?

The GEO Group, Inc. (NYSE:GEO)’s share price dropped 5.7% during trading on Wednesday . The company traded as low as $33.35 and last traded at $32.89. Approximately 389,884 shares were traded during trading, a decline of 87% from the average daily volume of 2,950,796 shares. The stock had previously closed at $34.87.

Analyst Upgrades and Downgrades

GEO has been the topic of several research analyst reports. Noble Financial lowered The GEO Group from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Northland Securities increased their price target 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. Finally, Wedbush reaffirmed an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th.

The GEO Group Trading Down 1.2 %

The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 114.02, a price-to-earnings-growth ratio of 2.71 and a beta of 0.87. 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 firm has a fifty day moving average price of $29.23 and a 200-day moving average price of $19.88.

The GEO Group (NYSE:GEO) last announced its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.03). The business 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 company earned $0.19 earnings per share. As a group, equities analysts anticipate that The GEO Group, Inc. will post 0.83 EPS for the current year.

Institutional Investors Weigh In On The GEO Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of The GEO Group during the third quarter valued at $25,000. Sound Income Strategies LLC raised its position in The GEO Group by 472.1% during the 3rd quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 2,625 shares during the last quarter. Morse Asset Management Inc acquired a new position in The GEO Group during the 3rd quarter worth about $67,000. Quarry LP bought a new stake in shares of The GEO Group in the 3rd quarter valued at about $77,000. Finally, KBC Group NV increased its stake in shares of The GEO Group by 37.2% in the fourth quarter. KBC Group NV now owns 6,023 shares of the real estate investment trust’s stock valued at $169,000 after buying an additional 1,632 shares during the period. Institutional investors own 76.10% of the company’s stock.

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.