The GEO Group, Inc. (NYSE:GEO) Insider Nicole Mannarino Sells 646 Shares

The GEO Group, Inc. (NYSE:GEO) insider Nicole Mannarino sold 646 shares of The GEO Group stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $25.43, for a total value of $16,427.78. Following the transaction, the insider now directly owns 1,626 shares of the company’s stock, valued at approximately $41,349.18. This represents a 28.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

The GEO Group Stock Performance

NYSE GEO opened at $26.15 on Tuesday. The GEO Group, Inc. has a fifty-two week low of $11.75 and a fifty-two week high of $36.46. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 90.17, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The business has a fifty day moving average of $28.77 and a 200-day moving average of $23.34. 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 GEO Group (NYSE:GEO) last released its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The GEO Group had a return on equity of 9.20% and a net margin of 2.00%. The company had revenue of $607.72 million during the quarter, compared to analyst estimates of $607.45 million. As a group, analysts predict that The GEO Group, Inc. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GEO has been the subject of several research reports. Noble Financial raised The GEO Group from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a report on Wednesday, March 5th. UBS Group set a $32.00 price objective on The GEO Group in a report on Wednesday, March 5th. Finally, Wedbush reaffirmed an “outperform” rating on shares of The GEO Group in a report on Tuesday, December 17th.

Hedge Funds Weigh In On The GEO Group

A number of institutional investors have recently made changes to their positions in GEO. Discovery Capital Management LLC CT raised its holdings in shares of The GEO Group by 375.2% in the fourth quarter. Discovery Capital Management LLC CT now owns 1,839,500 shares of the real estate investment trust’s stock worth $51,469,000 after acquiring an additional 1,452,400 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of The GEO Group by 202.6% in the fourth quarter. Point72 Asset Management L.P. now owns 2,124,783 shares of the real estate investment trust’s stock valued at $59,451,000 after purchasing an additional 1,422,676 shares during the period. Newbrook Capital Advisors LP purchased a new stake in shares of The GEO Group in the fourth quarter valued at $35,738,000. BlueCrest Capital Management Ltd purchased a new stake in shares of The GEO Group in the fourth quarter valued at $34,456,000. Finally, Hodges Capital Management Inc. grew its position in shares of The GEO Group by 1,501.6% in the third quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust’s stock valued at $10,136,000 after purchasing an additional 739,550 shares during the period. 76.10% of the stock is owned by institutional investors and hedge funds.

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.