Geo Group (NYSE:GEO) VP Sells $371,015.65 in Stock

Geo Group Inc (The) (NYSE:GEO) VP Matthew Albence sold 11,797 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $31.45, for a total value of $371,015.65. Following the transaction, the vice president owned 87,602 shares of the company’s stock, valued at $2,755,082.90. The trade was a 11.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Matthew Albence also recently made the following trade(s):

• On Thursday, August 20th, Matthew Albence sold 10,000 shares of Geo Group stock. The stock was sold at an average price of $31.69, for a total value of $316,900.00.

Geo Group Trading Up 2.5%

Shares of Geo Group stock opened at $32.21 on Friday. Geo Group Inc has a 52-week low of $12.51 and a 52-week high of $33.15. The stock’s 50-day simple moving average is $31.13 and its 200 day simple moving average is $25.00. The stock has a market capitalization of $4.24 billion, a P/E ratio of 15.19, a P/E/G ratio of 1.72 and a beta of 0.78. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.65 and a current ratio of 1.65.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GEO. Covestor Ltd grew its stake in shares of Geo Group by 16.6% in the 4th quarter. Covestor Ltd now owns 4,533 shares of the real estate investment trust’s stock worth $73,000 after buying an additional 646 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Geo Group by 22.7% during the 1st 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 acquiring an additional 715 shares during the period. Kestra Advisory Services LLC lifted its position in Geo Group by 2.4% during the first quarter. Kestra Advisory Services LLC now owns 30,462 shares of the real estate investment trust’s stock valued at $512,000 after purchasing an additional 727 shares in the last quarter. ProShare Advisors LLC grew its holdings in Geo Group by 3.0% during the fourth quarter. ProShare Advisors LLC now owns 26,333 shares of the real estate investment trust’s stock valued at $424,000 after purchasing an additional 772 shares during the period. Finally, GAMMA Investing LLC increased its position in Geo Group by 9.3% in the second quarter. GAMMA Investing LLC now owns 9,469 shares of the real estate investment trust’s stock worth $280,000 after buying an additional 802 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on GEO. Northland Securities increased their target price on Geo Group from $30.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, June 26th. UBS Group reiterated an “outperform” rating on shares of Geo Group in a research note on Monday, August 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Geo Group in a research note on Friday, September 4th. Zacks Research upgraded Geo Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Finally, Noble Financial restated 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 given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $40.00.

Geo Group Company Profile

The GEO Group, Inc (NYSE:GEO) is a provider of correctional, detention, reentry and community-based services. The company designs, develops, finances and manages secure facilities for government agencies, including correctional institutions, immigration detention centers and other custodial facilities.

GEO also provides electronic monitoring and community supervision services, including location monitoring, case management and related technologies. Through its reentry services, the company operates residential centers and programs intended to support individuals transitioning from incarceration to community living, employment and other post-release services.

Founded in 1984 as Wackenhut Corrections Corporation, the company adopted the name The GEO Group in 2003.