The GEO Group (NYSE:GEO) Cut to Market Perform at Noble Financial

Noble Financial cut shares of The GEO Group (NYSE:GEO) from an outperform rating to a market perform rating in a research report sent to investors on Monday morning, MarketBeat.com reports. Noble Financial also issued estimates for The GEO Group’s Q4 2024 earnings at $0.22 EPS, FY2024 earnings at $0.83 EPS, Q1 2025 earnings at $0.22 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.30 EPS and FY2025 earnings at $1.02 EPS.

Other analysts also recently issued reports about the company. Northland Securities raised their price target on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. StockNews.com downgraded The GEO Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Wedbush lifted their target price on The GEO Group from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

The GEO Group Stock Up 1.7 %

Shares of GEO opened at $25.47 on Monday. The company has a market cap of $3.56 billion, a PE ratio of 87.83, a P/E/G ratio of 3.03 and a beta of 0.63. The business has a fifty day moving average of $15.19 and a 200 day moving average of $14.46. The GEO Group has a 52-week low of $9.34 and a 52-week high of $27.88. The company has a quick ratio of 1.26, a current ratio of 1.10 and a debt-to-equity ratio of 1.25.

Hedge Funds Weigh In On The GEO Group

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of The GEO Group during the first quarter valued at $510,000. Great Lakes Advisors LLC increased its stake in shares of The GEO Group by 1,803.4% during the second quarter. Great Lakes Advisors LLC now owns 312,508 shares of the real estate investment trust’s stock valued at $4,488,000 after buying an additional 296,090 shares during the period. Renaissance Technologies LLC increased its stake in shares of The GEO Group by 352.4% during the second quarter. Renaissance Technologies LLC now owns 100,425 shares of the real estate investment trust’s stock valued at $1,442,000 after buying an additional 78,225 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new position in shares of The GEO Group during the second quarter valued at $2,104,000. Finally, Victory Capital Management Inc. increased its stake in shares of The GEO Group by 112.2% during the second quarter. Victory Capital Management Inc. now owns 174,414 shares of the real estate investment trust’s stock valued at $2,505,000 after buying an additional 92,210 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.

About The GEO Group

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.