The GEO Group (NYSE:GEO) Upgraded by StockNews.com to “Buy”
The GEO Group, Inc. logoStockNews.com upgraded shares of The GEO Group (NYSE:GEO – Get Rating) from a hold rating to a buy rating in a report released on Friday.
The GEO Group Price Performance
NYSE:GEO opened at $8.80 on Friday. The GEO Group has a 12 month low of $5.20 and a 12 month high of $9.81. The stock has a 50 day moving average of $8.33 and a two-hundred day moving average of $7.43. The company has a current ratio of 1.21, a quick ratio of 2.63 and a debt-to-equity ratio of 1.77. The firm has a market cap of $1.09 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 0.34 and a beta of 0.56.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in GEO. FMR LLC lifted its holdings in The GEO Group by 10.3% in the second quarter. FMR LLC now owns 18,614,174 shares of the real estate investment trust’s stock valued at $122,852,000 after acquiring an additional 1,738,859 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in The GEO Group by 74.8% in the second quarter. JPMorgan Chase & Co. now owns 3,120,318 shares of the real estate investment trust’s stock valued at $20,594,000 after acquiring an additional 1,335,200 shares during the last quarter. Intrinsic Edge Capital Management LLC lifted its holdings in The GEO Group by 82.7% in the second quarter. Intrinsic Edge Capital Management LLC now owns 2,708,124 shares of the real estate investment trust’s stock valued at $17,874,000 after acquiring an additional 1,225,912 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in The GEO Group by 94.1% in the third quarter. Renaissance Technologies LLC now owns 2,030,991 shares of the real estate investment trust’s stock valued at $15,639,000 after acquiring an additional 984,461 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in The GEO Group in the first quarter valued at approximately $3,825,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.
The GEO Group Company Profile
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The GEO Group, Inc (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO's diversified services include enhanced in-custody rehabilitation and post-release support through the award- winning GEO Continuum of Care, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care.
Further Reading
Get a free copy of the StockNews.com research report on The GEO Group (GEO)
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