The GEO Group (NYSE:GEO) Downgraded to “Market Perform” Rating by Noble Financial

Noble Financial downgraded shares of The GEO Group (NYSE:GEO) from an outperform rating to a market perform rating in a research note released on Monday morning, MarketBeat Ratings reports. Noble Financial also issued estimates for The GEO Group’s Q4 2024 earnings at $0.22 EPS, FY2024 earnings at $0.83 EPS, Q1 2025 earnings at $0.22 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.30 EPS and FY2025 earnings at $1.02 EPS.

A number of other research firms also recently issued reports on GEO. Northland Securities boosted their price target on shares of The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. StockNews.com cut The GEO Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Wedbush lifted their price objective on The GEO Group from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, November 8th.

The GEO Group Stock Performance

The GEO Group stock opened at $26.13 on Monday. The firm has a 50 day simple moving average of $15.45 and a 200-day simple moving average of $14.54. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 90.10, a price-to-earnings-growth ratio of 3.03 and a beta of 0.63. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.26. The GEO Group has a 1-year low of $9.34 and a 1-year high of $27.88.

Hedge Funds Weigh In On The GEO Group

Several institutional investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in The GEO Group in the third quarter valued at $25,000. Sound Income Strategies LLC raised its position in The GEO Group by 472.1% in the 3rd quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 2,625 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of The GEO Group by 38.5% in the 3rd quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock valued at $88,000 after buying an additional 1,910 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in shares of The GEO Group by 62.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust’s stock worth $90,000 after buying an additional 2,393 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of The GEO Group during the third quarter worth approximately $121,000. 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.