The GEO Group (NYSE:GEO) Stock Price Up 3.5% – Still a Buy?

The GEO Group, Inc. (NYSE:GEO)’s stock price was up 3.5% during trading on Tuesday . The stock traded as high as $28.96 and last traded at $28.92. Approximately 247,024 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 2,699,523 shares. The stock had previously closed at $27.94.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Northland Securities lifted 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 report on Friday, November 8th. Noble Financial lowered The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. StockNews.com downgraded The GEO Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Wedbush raised their target price on The GEO Group from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

The GEO Group Stock Up 3.2 %

The stock’s 50-day moving average price is $17.82 and its two-hundred day moving average price is $15.31. 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 stock has a market capitalization of $4.02 billion, a P/E ratio of 99.07, a P/E/G ratio of 3.38 and a beta of 0.63.

Hedge Funds Weigh In On The GEO Group

Several institutional investors and hedge funds have recently bought and sold shares of GEO. Arizona State Retirement System increased its stake in shares of The GEO Group by 2.5% in the second quarter. Arizona State Retirement System now owns 35,525 shares of the real estate investment trust’s stock worth $510,000 after purchasing an additional 862 shares in the last quarter. Creative Planning grew its stake in The GEO Group by 9.0% in the 3rd quarter. Creative Planning now owns 11,096 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 919 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in The GEO Group by 1.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 100,735 shares of the real estate investment trust’s stock valued at $1,447,000 after buying an additional 1,098 shares in the last quarter. GAMMA Investing LLC raised its holdings in The GEO Group by 38.5% during the 3rd quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock valued at $88,000 after acquiring an additional 1,910 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of The GEO Group during the third quarter worth $25,000. 76.10% of the stock is owned by 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.