The GEO Group (GEO) Rating Lowered to Hold at Zacks Investment Research

The GEO Group (NYSE:GEO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “The GEO Group, Inc. is an equity real estate investment trust. It specializes in the design, development, financing and operation of correctional, detention and community reentry facilities. It has operations in the United States, Australia, South Africa, and the United Kingdom. The GEO Group, Inc. is headquartered in Boca Raton, Florida. “

Several other research analysts have also weighed in on the stock. ValuEngine raised shares of 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 target price on shares of The GEO Group and gave the stock a “hold” rating in a research note on Wednesday, November 28th.

Shares of GEO stock opened at $23.58 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.21. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of 1.90 and a beta of 1.45. The GEO Group has a 1-year low of $18.43 and a 1-year high of $28.06.

In related news, CEO George C. Zoley bought 50,000 shares of the stock in a transaction on Wednesday, November 21st. The stock was bought at an average price of $22.33 per share, with a total value of $1,116,500.00. Following the completion of the purchase, the chief executive officer now directly owns 1,750,000 shares in the company, valued at approximately $39,077,500. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 36.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund boosted its stake in shares of The GEO Group by 1,851.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 949,816 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 901,137 shares during the period. NumerixS Investment Technologies Inc purchased a new position in shares of The GEO Group in the fourth quarter valued at approximately $79,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of The GEO Group by 11.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,455 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 882 shares during the period. Quantamental Technologies LLC purchased a new position in shares of The GEO Group in the fourth quarter valued at approximately $188,000. Finally, Creative Planning purchased a new position in shares of The GEO Group in the third quarter valued at approximately $204,000. 90.05% of the stock is owned by institutional investors.

The GEO Group Company Profile

The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust 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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