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

The GEO Group (NYSE:GEO) was downgraded by research analysts at Noble Financial from an “outperform” rating to a “market perform” rating in a research note issued on Monday, Marketbeat reports.

A number of other equities analysts have also commented on GEO. Wedbush lifted their price objective on The GEO Group from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. StockNews.com downgraded The GEO Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Northland Securities increased their price objective on The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

The GEO Group Stock Performance

NYSE:GEO opened at $25.08 on Monday. The firm has a market capitalization of $3.50 billion, a PE ratio of 86.48, a PEG ratio of 3.09 and a beta of 0.63. The GEO Group has a 1 year low of $9.14 and a 1 year high of $27.88. The company has a current ratio of 1.10, a quick ratio of 1.26 and a debt-to-equity ratio of 1.25. The firm’s fifty day simple moving average is $14.94 and its 200 day simple moving average is $14.38.

Hedge Funds Weigh In On The GEO Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pekin Hardy Strauss Inc. raised its stake in shares of The GEO Group by 65.4% in the third quarter. Pekin Hardy Strauss Inc. now owns 38,200 shares of the real estate investment trust’s stock valued at $491,000 after purchasing an additional 15,100 shares in the last quarter. Intech Investment Management LLC bought a new stake in The GEO Group in the 3rd quarter valued at $1,279,000. Jennison Associates LLC acquired a new position in shares of The GEO Group in the 3rd quarter valued at $630,000. Quest Partners LLC bought a new position in shares of The GEO Group during the 3rd quarter worth about $609,000. Finally, Chesapeake Capital Corp IL boosted its position in shares of The GEO Group by 27.9% during the 3rd quarter. Chesapeake Capital Corp IL now owns 22,000 shares of the real estate investment trust’s stock valued at $280,000 after acquiring an additional 4,800 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors.

About The GEO Group

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.