The GEO Group, Inc. (NYSE:GEO) EVP Shayn P. March Sells 7,500 Shares of Stock

The GEO Group, Inc. (NYSE:GEO) EVP Shayn P. March sold 7,500 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $30.00, for a total transaction of $225,000.00. Following the completion of the sale, the executive vice president now owns 67,469 shares in the company, valued at approximately $2,024,070. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

The GEO Group Price Performance

NYSE GEO opened at $29.28 on Tuesday. The GEO Group, Inc. has a one year low of $11.75 and a one year high of $36.46. The stock has a 50-day moving average of $28.08 and a 200 day moving average of $24.44. 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 company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 100.98, a PEG ratio of 2.11 and a beta of 0.91.

The GEO Group (NYSE:GEO) last released its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The GEO Group had a net margin of 2.00% and a return on equity of 9.20%. The company had revenue of $607.72 million for the quarter, compared to analysts’ expectations of $607.45 million. On average, sell-side analysts forecast that The GEO Group, Inc. will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Noble Financial restated an “outperform” rating on shares of The GEO Group in a research note on Monday, March 24th. Wedbush restated an “outperform” rating and set a $46.00 price target on shares of The GEO Group in a report on Tuesday, March 18th. StockNews.com cut shares of The GEO Group from a “hold” rating to a “sell” rating in a research note on Tuesday. UBS Group set a $35.00 price objective on shares of The GEO Group in a research note on Monday, March 24th. Finally, Jones Trading reiterated a “buy” rating and issued a $55.00 target price on shares of The GEO Group in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, The GEO Group has an average rating of “Moderate Buy” and an average price target of $41.00.

Hedge Funds Weigh In On The GEO Group

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp lifted its holdings in The GEO Group by 1.4% in the third quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust’s stock valued at $63,213,000 after acquiring an additional 66,658 shares during the period. Geode Capital Management LLC lifted its stake in shares of The GEO Group by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 3,051,384 shares of the real estate investment trust’s stock worth $85,398,000 after purchasing an additional 35,281 shares during the period. Point72 Asset Management L.P. boosted its holdings in shares of The GEO Group by 202.6% in the fourth quarter. Point72 Asset Management L.P. now owns 2,124,783 shares of the real estate investment trust’s stock worth $59,451,000 after buying an additional 1,422,676 shares during the last quarter. Discovery Capital Management LLC CT increased its holdings in The GEO Group by 375.2% during the fourth quarter. Discovery Capital Management LLC CT now owns 1,839,500 shares of the real estate investment trust’s stock valued at $51,469,000 after buying an additional 1,452,400 shares during the last quarter. Finally, Philosophy Capital Management LLC raised its position 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 worth $21,125,000 after acquiring an additional 240,251 shares during the period. 76.10% of the stock is currently 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.