Geo Group, Inc. (NYSE: GEO) is 19.67% higher on its value in year-to-date trading and has touched a low of $7.09 and a high of $18.05 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 $12.61 in the last trading session, with the day’s gains setting it 0.35%.
Currently trading at $12.96, the stock is -2.95% and -8.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.56 million and changing 2.78% at the moment leaves the stock -0.66% off its SMA200. GEO registered 81.26% gain for a year compared to 6-month gain of 3.85%.
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The stock witnessed a -0.92% loss in the last 1 month and extending the period to 3 months gives it a -1.14%, and is -1.29% 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 4.59% over the week and 3.61% over the month.
Geo Group, Inc. (GEO) has around 16400 employees, a market worth around $1.81B and $2.42B in sales. Current P/E ratio is 57.09 and Fwd P/E is 10.45. Profit margin for the company is 1.41%. Distance from 52-week low is 82.92% and -28.20% from its 52-week high. The company has generated returns on investments over the last 12 months (1.12%).
The EPS is expected to shrink by -2.89% this year.
Geo Group, Inc. (GEO) Top Institutional Holders
309.0 institutions hold shares in Geo Group, Inc. (GEO), with institutional investors hold 84.71% of the company’s shares. The shares outstanding are 139.63M, and float is at 132.43M with Short Float at 6.45%. Institutions hold 80.69% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 19.66 million shares valued at $282.25 million. The investor’s holdings represent 16.0454% of the GEO Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.55 million shares valued at $209.0 million to account for 11.8811 of the shares outstanding. The other top investors are FMR LLC which holds 9.37 million shares representing 7.6504% and valued at over $134.57 million, while GOLDMAN SACHS GROUP INC holds 4.4285 of the shares totaling 5.42 million with a market value of $77.9 million.
Geo Group, Inc. (GEO) Insider Activity
The most recent transaction is an insider purchase by ZOLEY GEORGE C, the company’s Executive Chairman. SEC filings show that ZOLEY GEORGE C bought 100,000 shares of the company’s common stock on Aug 12 ’24 at a price of $12.33 per share for a total of $1.23 million. Following the purchase, the insider now owns 3.9 million shares.
Geo Group, Inc. disclosed in a document filed with the SEC on Aug 09 ’24 that ZOLEY GEORGE C (Executive Chairman) bought a total of 100,000 shares of the company’s common stock. The trade occurred on Aug 09 ’24 and was made at $12.22 per share for $1.22 million. Following the transaction, the insider now directly holds 3.8 million shares of the GEO stock.
Still, SEC filings show that on Aug 13 ’24, ZOLEY GEORGE C (Executive Chairman) acquired 50,000 shares at an average price of $12.33 for $0.62 million. The insider now directly holds 3,950,904 shares of Geo Group, Inc. (GEO).
