George C. Zoley Buys 100,000 Shares of The GEO Group, Inc. (NYSE:GEO) Stock

The GEO Group, Inc. (NYSE:GEO) Chairman George C. Zoley acquired 100,000 shares of The GEO Group stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average price of $12.33 per share, with a total value of $1,233,000.00. Following the transaction, the chairman now directly owns 3,900,904 shares in the company, valued at $48,098,146.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

The GEO Group Stock Up 6.3 %

Shares of The GEO Group stock opened at $13.08 on Thursday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.26 and a quick ratio of 1.26. The GEO Group, Inc. has a 1-year low of $6.94 and a 1-year high of $18.05. The business’s fifty day moving average price is $14.26 and its two-hundred day moving average price is $13.71. The company has a market capitalization of $1.78 billion, a P/E ratio of 18.42, a PEG ratio of 1.54 and a beta of 0.67.

The GEO Group (NYSE:GEO) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $607.19 million for the quarter, compared to the consensus estimate of $606.16 million. The GEO Group had a net margin of 1.92% and a return on equity of 8.87%. During the same quarter in the prior year, the firm earned $0.24 earnings per share. As a group, research analysts forecast that The GEO Group, Inc. will post 0.8 EPS for the current year.

Analyst Upgrades and Downgrades

GEO has been the subject of several analyst reports. Wedbush reissued an “outperform” rating and set a $19.00 price target on shares of The GEO Group in a report on Wednesday, August 7th. StockNews.com cut shares of The GEO Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

Institutional Trading of The GEO Group

Institutional investors have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. increased its stake in shares of The GEO Group by 399.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,852 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 3,081 shares during the period. GAMMA Investing LLC acquired a new position in shares of The GEO Group during the 4th quarter valued at $48,000. Tidemark LLC bought a new stake in shares of The GEO Group in the 4th quarter worth $71,000. Innealta Capital LLC acquired a new stake in shares of The GEO Group in the second quarter valued at $140,000. Finally, Avantax Advisory Services Inc. bought a new position in The GEO Group during the fourth quarter valued at about $114,000. 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.