Geo Group (NYSE:GEO) Hits New 12-Month High – What’s Next?

Geo Group Inc (The) (NYSE:GEO)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $32.71 and last traded at $32.70, with a volume of 1143202 shares traded. The stock had previously closed at $31.72.

Wall Street Analyst Weigh In

GEO has been the subject of a number of analyst reports. Weiss Ratings raised Geo Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 9th. UBS Group reiterated an “outperform” rating on shares of Geo Group in a report on Monday, August 10th. Noble Financial reissued an “outperform” rating on shares of Geo Group in a research report on Monday, August 10th. Zacks Research raised shares of Geo Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Finally, Northland Securities boosted their price objective on shares of Geo Group from $30.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Geo Group has an average rating of “Buy” and a consensus target price of $40.00.

Geo Group Trading Up 3.5%

The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.00. The firm has a fifty day simple moving average of $30.23 and a two-hundred day simple moving average of $22.63. The firm has a market cap of $4.32 billion, a PE ratio of 15.49, a PEG ratio of 1.68 and a beta of 0.79.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd raised its holdings in 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 purchasing an additional 646 shares during the period. Public Employees Retirement System of Ohio grew its holdings 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 purchasing an additional 715 shares during the period. Kestra Advisory Services LLC increased its position in shares of Geo Group by 2.4% in 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 buying an additional 727 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Geo Group by 3.0% in the fourth quarter. ProShare Advisors LLC now owns 26,333 shares of the real estate investment trust’s stock valued at $424,000 after buying an additional 772 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake 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 worth $26,000 after buying an additional 782 shares during the period. 76.10% of the stock is owned by hedge funds and other institutional investors.

Geo Group Company Profile

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.