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

The GEO Group, Inc. (NYSE:GEO) EVP Shayn P. March sold 7,500 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $30.00, for a total value of $225,000.00. Following the completion of the transaction, the executive vice president now owns 67,469 shares in the company, valued at approximately $2,024,070. The trade was a 10.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

The GEO Group Price Performance

Shares of NYSE GEO opened at $29.84 on Wednesday. The company has a market capitalization of $4.21 billion, a PE ratio of 102.91, a PEG ratio of 2.11 and a beta of 0.91. 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 stock’s 50 day moving average price is $27.98 and its 200-day moving average price is $24.56. The GEO Group, Inc. has a twelve month low of $11.75 and a twelve month high of $36.46.

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

Institutional Trading of The GEO Group

A number of large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC bought a new position in shares of The GEO Group during the 4th quarter valued at approximately $29,000. SRS Capital Advisors Inc. lifted its stake in The GEO Group by 160.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,170 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 720 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in The GEO Group by 149.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,527 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 915 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in The GEO Group in the third quarter worth $25,000. Finally, Jones Financial Companies Lllp raised its stake in shares of The GEO Group by 182.6% in the fourth quarter. Jones Financial Companies Lllp now owns 3,148 shares of the real estate investment trust’s stock valued at $88,000 after buying an additional 2,034 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Analysts Set New Price Targets

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

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.