Geo Group, Inc. (GEO) Stock Could Soon Reward Patient Investors

Geo Group, Inc. (NYSE: GEO) is 6.74% higher on its value in year-to-date trading and has touched a low of $6.94 and a high of $12.42 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GEO stock was last observed hovering at around $12.02 in the last trading session, with the day’s loss setting it -0.46%.

Currently trading at $11.56, the stock is 2.50% and 6.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.04 million and changing -3.83% at the moment leaves the stock 34.11% off its SMA200. GEO registered 2.85% gain for a year compared to 6-month gain of 55.80%. The firm has a 50-day simple moving average (SMA 50) of $1.35 and a 200-day simple moving average (SMA200) of $6.44.

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The stock witnessed a 5.38% loss in the last 1 month and extending the period to 3 months gives it a 24.70%, and is 1.94% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.57% over the week and 3.93% over the month.

Geo Group, Inc. (GEO) has around Jan 22 2021 employees, a market worth around $1.46B and $2.43B in sales. Current P/E ratio is 13.99 and Fwd P/E is 10.56. Profit margin for the company is 4.23%. Distance from 52-week low is 66.57% and -6.92% from its 52-week high. The company has generated returns on investments over the last 12 months (3.27%).

Geo Group, Inc. quarterly earnings per share for the current quarter are estimated at $0.18 with sales reaching $597.46M over the same period.The EPS is expected to shrink by -40.54% this year, but quarterly earnings will post 1.10% year-over-year. Quarterly sales are estimated to shrink -3.70% in year-over-year returns.

Geo Group, Inc. (GEO) Top Institutional Holders

276 institutions hold shares in Geo Group, Inc. (GEO), with institutional investors hold 77.87% of the company’s shares. The shares outstanding are 124.06M, and float is at 119.53M with Short Float at 19.34%. Institutions hold 74.13% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 19.87 million shares valued at $142.28 million. The investor’s holdings represent 15.76% of the GEO Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 13.57 million shares valued at $97.13 million to account for 10.76% of the shares outstanding. The other top investors are FMR, LLC which holds 11.16 million shares representing 8.85% and valued at over $79.93 million, while State Street Corporation holds 3.58% of the shares totaling 4.51 million with a market value of $32.29 million.

Geo Group, Inc. (GEO) Insider Activity

A total of 0 insider transactions have happened at Geo Group, Inc. (GEO) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by March Shayn P. ,the company’sVP of Finance and Treasurer. SEC filings show that March Shayn P. sold 2,000 shares of the company’s common stock on Dec 13 at a price of $10.20 per share for a total of $20400.0. Following the sale, the insider now owns 62758.0 shares.

Geo Group, Inc. disclosed in a document filed with the SEC on Jun 12 that KERNAN SCOTT MICHAEL (Director) sold a total of 4,800 shares of the company’s common stock. The trade occurred on Jun 12 and was made at $7.50 per share for $36013.0. Following the transaction, the insider now directly holds 17896.0 shares of the GEO stock.

Still, SEC filings show that on May 17, Black James H. (SVP & Pres, Secure Services) disposed off 12,837 shares at an average price of $8.36 for $0.11 million. The insider now directly holds 0 shares of Geo Group, Inc. (GEO).

Geo Group, Inc. (GEO): Who are the competitors?

The company’s main competitors (and peers) include CoreCivic Inc. (CXW) that is trading 27.93% up over the past 12 months. Babcock International Group PLC ADR (BCKIY) that is 57.55% higher over the same period.