The GEO Group (NYSE:GEO) Price Target Lowered to $20.00 at Wedbush

The GEO Group (NYSE:GEO) had its price target cut by Wedbush from $22.00 to $20.00 in a research report sent to investors on Wednesday, MarketBeat.com reports. They currently have an outperform rating on the real estate investment trust’s stock.

The GEO Group Stock Performance

Shares of GEO opened at $13.62 on Wednesday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a 50-day moving average of $14.03 and a two-hundred day moving average of $11.78. The stock has a market cap of $1.73 billion, a P/E ratio of 17.91, a P/E/G ratio of 1.45 and a beta of 0.59. The GEO Group has a one year low of $6.94 and a one year high of $16.31.

The GEO Group (NYSE:GEO) last issued its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The GEO Group had a return on equity of 9.43% and a net margin of 4.72%. The business had revenue of $605.67 million during the quarter, compared to analyst estimates of $603.84 million. During the same quarter last year, the company posted $0.22 EPS. As a group, research analysts predict that The GEO Group will post 1.01 EPS for the current year.

Insider Activity at The GEO Group

In other The GEO Group news, CFO Shayn P. March sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $15.00, for a total value of $37,500.00. Following the sale, the chief financial officer now owns 67,830 shares in the company, valued at approximately $1,017,450. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 5.00% of the stock is currently owned by insiders.

Institutional Trading of The GEO Group

Institutional investors have recently bought and sold shares of the business. Aigen Investment Management LP boosted its holdings in The GEO Group by 320.2% in the 3rd quarter. Aigen Investment Management LP now owns 118,596 shares of the real estate investment trust’s stock worth $970,000 after buying an additional 90,369 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new stake in The GEO Group during the 3rd quarter valued at about $577,000. River Road Asset Management LLC acquired a new stake in The GEO Group in the 4th quarter valued at about $32,230,000. Louisiana State Employees Retirement System acquired a new stake in shares of The GEO Group in the fourth quarter valued at approximately $662,000. Finally, Charles Schwab Investment Management Inc. lifted its position in The GEO Group by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,949,240 shares of the real estate investment trust’s stock worth $24,125,000 after buying an additional 40,079 shares in the last quarter. 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.