Geo Group (NYSE:GEO) VP Matthew Albence Sells 11,797 Shares

Geo Group Inc (The) (NYSE:GEO) VP Matthew Albence sold 11,797 shares of Geo Group stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $31.45, for a total value of $371,015.65. Following the transaction, the vice president owned 87,602 shares in the company, valued at $2,755,082.90. This trade represents a 11.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Matthew Albence also recently made the following trade(s):

• On Thursday, August 20th, Matthew Albence sold 10,000 shares of Geo Group stock. The stock was sold at an average price of $31.69, for a total value of $316,900.00.

Geo Group Price Performance

NYSE GEO opened at $31.26 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 1.69 and a beta of 0.78. The business has a 50 day simple moving average of $31.05 and a 200 day simple moving average of $24.76. Geo Group Inc has a 52-week low of $12.51 and a 52-week high of $33.15.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Cooper Creek Partners Management LLC grew its holdings in shares of Geo Group by 14.2% in the 1st quarter. Cooper Creek Partners Management LLC now owns 5,314,006 shares of the real estate investment trust’s stock valued at $89,328,000 after acquiring an additional 661,281 shares in the last quarter. Pentwater Capital Management LP acquired a new stake in shares of Geo Group in the second quarter valued at about $312,698,000. Militia Capital Management LLC bought a new stake in Geo Group during the first quarter worth about $3,634,000. Hsbc Holdings PLC bought a new stake in Geo Group during the second quarter worth about $118,673,000. Finally, Assenagon Asset Management S.A. acquired a new position in Geo Group during the second quarter valued at approximately $47,605,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GEO. JonesTrading increased their target price on Geo Group from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Geo Group in a report on Friday, September 4th. Zacks Research raised Geo Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Northland Securities increased their price objective on Geo Group from $30.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. Finally, UBS Group reiterated an “outperform” rating on shares of Geo Group in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $40.00.

About Geo Group

The GEO Group, Inc (NYSE:GEO) is a provider of correctional, detention, reentry and community-based services. The company designs, develops, finances and manages secure facilities for government agencies, including correctional institutions, immigration detention centers and other custodial facilities.

GEO also provides electronic monitoring and community supervision services, including location monitoring, case management and related technologies. Through its reentry services, the company operates residential centers and programs intended to support individuals transitioning from incarceration to community living, employment and other post-release services.

Founded in 1984 as Wackenhut Corrections Corporation, the company adopted the name The GEO Group in 2003.