The GEO Group (NYSE:GEO – Get Free Report) is scheduled to announce its 12/31/2023 earnings results before the market opens on Thursday, February 15th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
The GEO Group Stock Up 0.4 %
Shares of NYSE:GEO opened at $11.61 on Tuesday. The stock has a market cap of $1.46 billion, a P/E ratio of 13.99, a P/E/G ratio of 1.06 and a beta of 0.58. The firm has a fifty day moving average price of $10.96 and a 200 day moving average price of $9.20. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.24 and a quick ratio of 1.24. The GEO Group has a 1-year low of $6.94 and a 1-year high of $12.42.
Hedge Funds Weigh In On The GEO Group
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in shares of The GEO Group by 9.1% in the 1st quarter. BlackRock Inc. now owns 19,928,438 shares of the real estate investment trust’s stock valued at $157,235,000 after purchasing an additional 1,657,703 shares during the period. Vanguard Group Inc. increased its holdings in The GEO Group by 2.0% in the third quarter. Vanguard Group Inc. now owns 13,853,097 shares of the real estate investment trust’s stock worth $106,668,000 after buying an additional 272,627 shares during the last quarter. State Street Corp increased its holdings in The GEO Group by 0.4% in the third quarter. State Street Corp now owns 4,822,760 shares of the real estate investment trust’s stock worth $37,135,000 after buying an additional 19,042 shares during the last quarter. Millennium Management LLC increased its holdings in The GEO Group by 45.3% in the fourth quarter. Millennium Management LLC now owns 4,340,088 shares of the real estate investment trust’s stock worth $47,524,000 after buying an additional 1,352,829 shares during the last quarter. Finally, Two Sigma Advisers LP increased its holdings in The GEO Group by 3.1% in the first quarter. Two Sigma Advisers LP now owns 2,473,349 shares of the real estate investment trust’s stock worth $19,515,000 after buying an additional 74,500 shares during the last quarter. Institutional investors and hedge funds own 74.60% of the company’s stock.
Analysts Set New Price Targets
The GEO Group Company Profile
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.
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