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

Geo Group, Inc. (NYSE: GEO) is 28.44% higher on its value in year-to-date trading and has touched a low of $6.94 and a high of $14.95 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 $14.26 in the last trading session, with the day’s loss setting it -0.35%.

Currently trading at $13.91, the stock is 6.16% and 13.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.7 million and changing -2.45% at the moment leaves the stock 47.15% off its SMA200. GEO registered 75.41% gain for a year compared to 6-month gain of 70.05%. The firm has a 50-day simple moving average (SMA 50) of $1.47 and a 200-day simple moving average (SMA200) of $7.38.

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The stock witnessed a 15.05% loss in the last 1 month and extending the period to 3 months gives it a 28.44%, and is -4.53% down 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 3.43% over the week and 3.42% over the month.

Geo Group, Inc. (GEO) has around 16400 employees, a market worth around $1.75B and $2.41B in sales. Current P/E ratio is 19.40 and Fwd P/E is 10.90. Profit margin for the company is 3.97%. Distance from 52-week low is 100.43% and -6.96% from its 52-week high. The company has generated returns on investments over the last 12 months (3.09%).

Geo Group, Inc. quarterly earnings per share for the current quarter are estimated at $0.19 with sales reaching $603.85M over the same period.The EPS is expected to grow by 0.53% this year, but quarterly earnings will post 0.90% year-over-year. Quarterly sales are estimated to shrink -0.70% in year-over-year returns.

Geo Group, Inc. (GEO) Top Institutional Holders

283 institutions hold shares in Geo Group, Inc. (GEO), with institutional investors hold 81.25% of the company’s shares. The shares outstanding are 126.09M, and float is at 119.24M with Short Float at 20.64%. Institutions hold 77.20% 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

The most recent transaction is an insider purchase by ZOLEY GEORGE C,the company’sExecutive Chairman. SEC filings show that ZOLEY GEORGE C bought 50,000 shares of the company’s common stock on Mar 14 ’24 at a price of $12.48 per share for a total of $0.62 million. Following the purchase, the insider now owns 3.7 million shares.

Geo Group, Inc. disclosed in a document filed with the SEC on Mar 06 ’24 that Black James H. (SVP & Pres, Secure Services) sold a total of 5,672 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $11.95 per share for $67792.0. Following the transaction, the insider now directly holds 0.0 shares of the GEO stock.

Still, SEC filings show that on Feb 28 ’24, March Shayn P. (EVP, Acting CFO & Treasurer) disposed off 2,000 shares at an average price of $12.50 for $25000.0. The insider now directly holds 60,758 shares of Geo Group, Inc. (GEO).

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