The GEO Group (NYSE:GEO) Reaches New 52-Week High – Here’s What Happened

The GEO Group, Inc. (NYSE:GEO)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $30.38 and last traded at $30.19, with a volume of 1795727 shares traded. The stock had previously closed at $28.69.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GEO shares. Wedbush reiterated an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th. Northland Securities upped their price target on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Noble Financial downgraded The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th.

The GEO Group Stock Up 7.4 %

The firm’s fifty day simple moving average is $26.28 and its 200-day simple moving average is $18.37. The company has a market cap of $4.31 billion, a PE ratio of 106.21, a P/E/G ratio of 3.32 and a beta of 0.87. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25.

Institutional Trading of The GEO Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of The GEO Group by 18.6% during the 4th quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust’s stock valued at $228,000 after acquiring an additional 1,281 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in The GEO Group by 3.5% during the third quarter. B. Riley Wealth Advisors Inc. now owns 201,150 shares of the real estate investment trust’s stock worth $2,607,000 after buying an additional 6,850 shares during the period. Tidal Investments LLC increased its holdings in The GEO Group by 27.9% in the 3rd quarter. Tidal Investments LLC now owns 22,000 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 4,800 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 valued at $38,765,000 after buying an additional 97,452 shares during the period. Finally, Barclays PLC boosted its stake in shares of The GEO Group by 374.6% in the third quarter. Barclays PLC now owns 216,447 shares of the real estate investment trust’s stock valued at $2,781,000 after purchasing an additional 170,839 shares during the period. 76.10% of the stock is owned by hedge funds and other institutional investors.

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.