The GEO Group (NYSE:GEO) Shares Up 4.5% – What’s Next?

Shares of The GEO Group, Inc. (NYSE:GEO) rose 4.5% during mid-day trading on Thursday . The stock traded as high as $27.57 and last traded at $27.56. Approximately 1,367,665 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 2,705,003 shares. The stock had previously closed at $26.37.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wedbush restated an “outperform” rating on shares of The GEO Group in a report on Tuesday. Noble Financial cut shares of The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Finally, Northland Securities upped their target price on shares of The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

The GEO Group Stock Up 6.4 %

The firm’s 50-day simple moving average is $22.63 and its two-hundred day simple moving average is $16.89. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 96.73, a price-to-earnings-growth ratio of 3.32 and a beta of 0.88. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10.

Institutional Investors Weigh In On The GEO Group

A number of large investors have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. increased its position in The GEO Group by 3.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 201,150 shares of the real estate investment trust’s stock worth $2,607,000 after purchasing an additional 6,850 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of The GEO Group by 27.9% during the 3rd quarter. Tidal Investments LLC now owns 22,000 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 4,800 shares during the period. Geode Capital Management LLC boosted its position in shares of The GEO Group by 3.3% in the third quarter. Geode Capital Management LLC now owns 3,016,103 shares of the real estate investment trust’s stock worth $38,765,000 after acquiring an additional 97,452 shares during the last quarter. Barclays PLC increased its position in The GEO Group by 374.6% during the third quarter. Barclays PLC now owns 216,447 shares of the real estate investment trust’s stock worth $2,781,000 after purchasing an additional 170,839 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its stake in The GEO Group by 206.4% during the third quarter. Y Intercept Hong Kong Ltd now owns 47,377 shares of the real estate investment trust’s stock worth $609,000 after purchasing an additional 31,913 shares during the period. Institutional investors and hedge funds 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.