The GEO Group (NYSE:GEO) Shares Gap Down – Should You Sell?

The GEO Group, Inc. (NYSE:GEO)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $26.38, but opened at $25.56. The GEO Group shares last traded at $26.46, with a volume of 302,585 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GEO. Noble Financial cut The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Northland Securities increased their price objective on The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 8th. StockNews.com cut shares of The GEO Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Wedbush increased their price target on shares of The GEO Group from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

The GEO Group Stock Down 2.0 %

The company has a market capitalization of $3.89 billion, a PE ratio of 95.97, a P/E/G ratio of 3.44 and a beta of 0.63. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25. The firm has a 50 day simple moving average of $16.58 and a two-hundred day simple moving average of $14.89.

Hedge Funds Weigh In On The GEO Group

A number of hedge funds and other institutional investors have recently bought and sold shares of GEO. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of The GEO Group in the 3rd quarter worth $25,000. Sound Income Strategies LLC raised its holdings in The GEO Group by 472.1% during the third quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 2,625 shares in the last quarter. Morse Asset Management Inc acquired a new stake in The GEO Group in the third quarter valued at about $67,000. Quarry LP acquired a new stake in The GEO Group in the third quarter valued at about $77,000. Finally, GAMMA Investing LLC boosted its holdings in The GEO Group by 38.5% in the 3rd quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 1,910 shares in the last quarter. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

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.