Charles Schwab Investment Managem has recently announced that it has increased stake in Geo Group, Inc. (NYSE:GEO) by 1.38%. After grabbing 2.95 million shares, the institutional investor is now in possession of 40079.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 2.34% having worth around $31.94 million. Moreover, Geode Capital Management LLC increased its share by 0.11 million to have a control over 2.51 million shares. And Harber Asset Management LLC raised its holdings to 0.43 million shares by acquiring 2.47 million shares or 1.96% of the stake.
Geo Group, Inc. (GEO) concluded trading on Wednesday at a closing price of $11.82, with 3.83 million shares of worth about $45.23 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 61.48% during that period and On Wednesday, January 24 the price saw a gain of about 1.46%. Currently the company’s common shares owned by public are about 124.06M shares, out of which, 119.53M shares are available for trading.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 40 times over the past 12 months. They bought 865,723 shares in 23 of the transactions. In 17 selling transactions, insiders dumped 382,580 shares.
iShares Core S&P Small Cap ETF, Vanguard Total Stock Market ETF, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Geo Group, Inc. iShares Core S&P Small Cap ETF is currently holding 8.17 million shares of worth totaling $88.46 million. The company recently came selling 40005.0 shares which brought its stake up to 6.48% of the company’s outstanding shares. iShares Russell 2000 ETF, after selling 3.35 million shares, have now control over 2.66% of the stake in the company. It holds 8874.0 shares of worth $36.32 million.
However, the stock later moved at a day high price of 12.28, or with a gain of 1.46%. Stock saw a price change of 13.00% in past 5 days and over the past one month there was a price change of 6.49%. Year-to-date (YTD), GEO shares are showing a performance of 9.14% which increased to 5.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.94 but also hit the highest price of $12.42 during that period. The average intraday trading volume for Geo Group, Inc. shares is 2.42 million. The stock is currently trading 7.97% above its 20-day simple moving average (SMA20), while that difference is up 13.61% for SMA50 and it goes to 40.51% higher than SMA200.
Charles Schwab Investment Managem acquired 2.95 million shares of Geo Group, Inc. having value of about $31.94 million. Data submitted at the U.S SEC by Charles Schwab Investment Managem revealed that the firm now holds 40079.0 shares in the company valued at close to $473733.78, or have control over 1.38% stake in the company. Geo Group, Inc. (NYSE: GEO) currently have 124.06M outstanding shares and institutions hold larger chunk of about 67.71% of that. Holding of mutual funds in the company is about 41.06% while other institutional holders and individual stake holders have control over 6.27% and 27.17% of the stake respectively.
The stock has a current market capitalization of $1.49B and its 3Y-monthly beta is at 0.57. PE ratio of stock for trailing 12 months is 14.30, while it has posted earnings per share of $0.83 in the same period. Its PEG reads 0.95 while making debt-to-equity ratio of 1.56. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GEO, volatility over the week remained 3.59% while standing at 3.01% over the month.
Analysts are in expectations that Geo Group, Inc. (GEO) stock would likely to be making an EPS of $Gevo, Inc. in the current quarter, while forecast for next quarter EPS is $0.87 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Geo Group Inc (The) REIT which is $Diageo plc at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Eldorado Gold Corporation in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -40.36% while it is estimated to increase by 35.63% in next year. EPS is likely to grow at an annualized rate of 15.00% for next 5-years, compared to annual growth of -0.76% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Northland Capital on October 02, 2023 offering an Outperform rating for the stock and assigned a target price of $14 to it.
