The GEO Group (NYSE:GEO) Stock Rating Lowered by Noble Financial

Noble Financial cut shares of The GEO Group (NYSE:GEO) from an outperform rating to a market perform rating in a report issued on Monday, Marketbeat Ratings reports. Noble Financial also issued estimates for The GEO Group’s Q4 2024 earnings at $0.22 EPS, FY2024 earnings at $0.83 EPS, Q1 2025 earnings at $0.22 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.30 EPS and FY2025 earnings at $1.02 EPS.

Other analysts have also recently issued research reports about the stock. StockNews.com cut shares of The GEO Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Northland Securities boosted their price target on shares of The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Wedbush raised their price objective on The GEO Group from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

The GEO Group Trading Up 2.6 %

NYSE:GEO opened at $26.13 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.26 and a current ratio of 1.10. The GEO Group has a 1 year low of $9.34 and a 1 year high of $27.88. The stock has a market cap of $3.65 billion, a P/E ratio of 90.10, a P/E/G ratio of 3.03 and a beta of 0.63. The stock has a 50-day simple moving average of $15.45 and a 200-day simple moving average of $14.54.

Institutional Trading of The GEO Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in The GEO Group in the third quarter valued at $25,000. Kore Advisors LP grew its holdings in shares of The GEO Group by 8.8% during the third quarter. Kore Advisors LP now owns 555,950 shares of the real estate investment trust’s stock worth $7,144,000 after buying an additional 44,800 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in The GEO Group by 53.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,986 shares of the real estate investment trust’s stock valued at $2,737,000 after acquiring an additional 74,430 shares during the last quarter. BNP Paribas Financial Markets lifted its position in The GEO Group by 20.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 273,724 shares of the real estate investment trust’s stock worth $3,517,000 after acquiring an additional 46,905 shares during the period. Finally, Quantbot Technologies LP grew its stake in shares of The GEO Group by 1,873.3% in the 3rd quarter. Quantbot Technologies LP now owns 69,953 shares of the real estate investment trust’s stock valued at $899,000 after purchasing an additional 66,408 shares during the last quarter. Hedge funds and other institutional investors 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.