The GEO Group Inc (NYSE:GEO) CEO George C. Zoley bought 120,240 shares of the company’s stock in a transaction dated Monday, November 12th. The shares were acquired at an average cost of $22.45 per share, for a total transaction of $2,699,388.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NYSE:GEO traded down $0.38 during mid-day trading on Friday, reaching $23.03. The stock had a trading volume of 459,129 shares, compared to its average volume of 528,421. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.85 and a current ratio of 0.85. The GEO Group Inc has a 1-year low of $19.05 and a 1-year high of $28.06. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 2.00 and a beta of 1.27.

The GEO Group (NYSE:GEO) last issued its earnings results on Wednesday, November 7th. The real estate investment trust reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.19). The GEO Group had a net margin of 6.43% and a return on equity of 14.63%. The company had revenue of $583.53 million during the quarter, compared to analyst estimates of $588.32 million. During the same quarter in the previous year, the firm earned $0.63 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. On average, equities research analysts forecast that The GEO Group Inc will post 1.95 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Morgan Stanley boosted its stake in The GEO Group by 39.6% in the third quarter. Morgan Stanley now owns 1,031,081 shares of the real estate investment trust’s stock valued at $25,942,000 after acquiring an additional 292,520 shares during the period. Rehmann Capital Advisory Group boosted its stake in The GEO Group by 2,264.0% in the third quarter. Rehmann Capital Advisory Group now owns 18,794 shares of the real estate investment trust’s stock valued at $747,000 after acquiring an additional 17,999 shares during the period. Nordea Investment Management AB acquired a new position in The GEO Group in the third quarter valued at approximately $12,547,000. Teachers Advisors LLC boosted its stake in The GEO Group by 3.0% in the third quarter. Teachers Advisors LLC now owns 1,123,087 shares of the real estate investment trust’s stock valued at $28,257,000 after acquiring an additional 32,453 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in The GEO Group in the third quarter valued at approximately $637,000. Institutional investors own 88.58% of the company’s stock.

A number of equities analysts recently commented on GEO shares. ValuEngine upgraded The GEO Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Wells Fargo & Co set a $25.00 price target on The GEO Group and gave the stock a “hold” rating in a research note on Wednesday, November 28th. Finally, Zacks Investment Research upgraded The GEO Group from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, November 13th.

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The GEO Group Company Profile

The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust ("REIT") specializing in the design, financing, development, and operation of correctional, detention, and community reentry facilities around the globe. GEO is the world's leading provider of diversified correctional, detention, community reentry, and electronic monitoring services to government agencies worldwide with operations in the United States, Australia, South Africa, and the United Kingdom.

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