The GEO Group (NYSE:GEO) Hits New 12-Month High – Should You Buy?

The GEO Group, Inc. (NYSE:GEO)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $30.38 and last traded at $30.19, with a volume of 1795727 shares trading hands. The stock had previously closed at $28.69.

Wall Street Analysts Forecast Growth

GEO has been the subject of a number of research analyst reports. Wedbush reissued an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th. Noble Financial lowered shares of The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Finally, Northland Securities lifted their target price on shares of The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

The GEO Group Trading Down 0.0 %

The business’s fifty day moving average price is $26.90 and its 200 day moving average price is $18.54. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $4.34 billion, a PE ratio of 107.11, a P/E/G ratio of 3.32 and a beta of 0.87.

Hedge Funds Weigh In On The GEO Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers lifted its stake in shares of The GEO Group by 5.1% in the 2nd quarter. Rhumbline Advisers now owns 403,223 shares of the real estate investment trust’s stock valued at $5,790,000 after purchasing an additional 19,523 shares in the last quarter. Victory Capital Management Inc. lifted its position in The GEO Group by 112.2% during the second quarter. Victory Capital Management Inc. now owns 174,414 shares of the real estate investment trust’s stock valued at $2,505,000 after buying an additional 92,210 shares in the last quarter. Arizona State Retirement System grew its stake in The GEO Group by 2.5% during the second quarter. Arizona State Retirement System now owns 35,525 shares of the real estate investment trust’s stock worth $510,000 after buying an additional 862 shares during the period. WINTON GROUP Ltd increased its position in shares of The GEO Group by 100.9% in the second quarter. WINTON GROUP Ltd now owns 140,992 shares of the real estate investment trust’s stock worth $2,025,000 after acquiring an additional 70,795 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in shares of The GEO Group in the 2nd quarter valued at $1,314,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

The GEO Group Company Profile

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.