Geo Group Inc. (NYSE:GEO)’s share price was down 2.1% on Thursday . The stock traded as low as $33.78 and last traded at $33.79, with a volume of 154,240 shares. The stock had previously closed at $34.50.

Several equities analysts have weighed in on GEO shares. Canaccord Genuity reiterated a “hold” rating on shares of Geo Group in a research report on Monday, June 13th. Zacks Investment Research upgraded shares of Geo Group from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Wednesday, May 4th.

The company’s 50-day moving average is $33.31 and its 200-day moving average is $31.19. The company has a market cap of $2.49 billion and a price-to-earnings ratio of 17.48.

Geo Group (NYSE:GEO) last announced its earnings results on Thursday, April 28th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.01. The company had revenue of $510.19 million for the quarter, compared to analyst estimates of $537.49 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. On average, equities analysts predict that Geo Group Inc. will post $3.13 earnings per share for the current year.

In other news, Director Richard H. Glanton sold 1,440 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $33.12, for a total transaction of $47,692.80. Following the transaction, the director now directly owns 1,451 shares in the company, valued at $48,057.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP J David Donahue sold 2,750 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $32.00, for a total transaction of $88,000.00. Following the transaction, the senior vice president now owns 9,370 shares in the company, valued at $299,840. The disclosure for this sale can be found here.

Other institutional investors recently made changes to their positions in the company. Systematic Financial Management LP bought a new position in shares of Geo Group during the fourth quarter worth about $1,786,000. Alpine Woods Capital Investors LLC raised its position in shares of Geo Group by 7.8% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 580,300 shares of the real estate investment trust’s stock valued at $16,776,000 after buying an additional 42,200 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Geo Group by 6.4% in the fourth quarter. Wells Fargo & Company MN now owns 469,580 shares of the real estate investment trust’s stock valued at $13,575,000 after buying an additional 28,194 shares in the last quarter. Morgan Stanley raised its position in shares of Geo Group by 56.4% in the fourth quarter. Morgan Stanley now owns 335,602 shares of the real estate investment trust’s stock valued at $9,702,000 after buying an additional 121,002 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its position in shares of Geo Group by 9.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 95,074 shares of the real estate investment trust’s stock valued at $2,749,000 after buying an additional 8,091 shares in the last quarter.

The GEO Group, Inc is a real estate investment trust (REIT) specializing in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community-based services and youth services in the United States, Australia, South Africa, the United Kingdom and Canada.

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