Insider Selling: Geo Group (NYSE:GEO) VP Sells $316,900.00 in Stock

Geo Group Inc (The) (NYSE:GEO) VP Matthew Albence sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $31.69, for a total transaction of $316,900.00. Following the completion of the transaction, the vice president owned 99,399 shares in the company, valued at $3,149,954.31. This trade represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Geo Group Price Performance

NYSE:GEO opened at $32.73 on Thursday. Geo Group Inc has a 52 week low of $12.51 and a 52 week high of $33.15. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.65 and a current ratio of 1.65. The firm’s 50-day simple moving average is $30.55 and its 200 day simple moving average is $23.10. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 15.44, a P/E/G ratio of 1.76 and a beta of 0.79.

Geo Group (NYSE:GEO) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. Geo Group had a net margin of 10.31% and a return on equity of 10.42%. The firm had revenue of $732.07 million during the quarter, compared to the consensus estimate of $721.43 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, sell-side analysts predict that Geo Group Inc will post 1.31 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wall Street Zen lowered Geo Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. UBS Group reiterated an “outperform” rating on shares of Geo Group in a research report on Monday, August 10th. Northland Securities increased their target price on Geo Group from $30.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. Weiss Ratings upgraded Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 9th. Finally, Noble Financial reaffirmed an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $40.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GEO. Covestor Ltd grew its stake in Geo Group by 16.6% during the fourth quarter. Covestor Ltd now owns 4,533 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 646 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Geo Group by 22.7% in the first quarter. Public Employees Retirement System of Ohio now owns 3,866 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 715 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of Geo Group by 2.4% during the 1st quarter. Kestra Advisory Services LLC now owns 30,462 shares of the real estate investment trust’s stock worth $512,000 after buying an additional 727 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Geo Group by 3.0% in the 4th quarter. ProShare Advisors LLC now owns 26,333 shares of the real estate investment trust’s stock valued at $424,000 after acquiring an additional 772 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Geo Group by 245.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,101 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 782 shares during the period. 76.10% of the stock is owned by institutional investors.

About Geo Group

The GEO Group (NYSE:GEO) is a leading provider of correctional, detention and community reentry services to government agencies around the world. As a real estate investment trust, the company specializes in the design, financing, development and operation of secure facilities for adult and juvenile offenders, immigration detainees and individuals requiring mental health treatment or substance abuse programming. GEO’s integrated service model also encompasses electronic monitoring, rehabilitative programming and post-release supervision aimed at reducing recidivism and enhancing public safety.

GEO’s portfolio spans a range of facility types, including medium- and maximum-security correctional institutions, residential reentry centers, mental health treatment units and immigration detention centers.