Geo Group (the) Stock News

Nisa Investment Advisors LLC raised its holdings in The GEO Group, Inc. (NYSE:GEO) by 20.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,800 shares of the real estate investment trusts stock after purchasing an additional 12,981 shares during the period. []

Bank of America Corp DE grew its holdings in shares of The GEO Group, Inc. (NYSE:GEO) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 296,077 shares of the real estate investment trusts stock after purchasing an additional 15,885 shares []

When seeking value opportunities, investors could be interested in the following stocks, since their prices are trading at a discount to the intrinsic value calculated by GuruFocus' earnings-based dis

Farewell - or perhaps good riddance - to the Prison REIT sector. GEO Group announced last week that it's joining CoreCivic in abandoning the REIT structure, concluding a tumultuous 8-year run as REITs

A number of people were hospitalized after falling ill from carbon monoxide poisoning at a Florida detention facility that was criticized just weeks ago for its routine use of toxic chemicals. Miami New Times reports that four immigrants and a kitchen worker at the Glades County Detention Center (GCDC) required medical attention after fainting on Nov. 23. Two of the men had to be airlifted for further care. But a report released just weeks before the November incident shows that this is far from the only harmful exposure experienced by people at GCDC. Scientific American reported in mid-September that a civil rights complaint said immigrants detained at GCDC have been consistently exposed to a “highly toxic chemical disinfectant,” which Scientific American notes echoes allegations “made by dozens of people held in other ICE detention centers, notably facilities in Adelanto, California, and Tacoma, Washington.” “Internal emails reveal that Glades staff were not diluting a QAC-containing chemical to the highly reduced levels specified by its manufacturer’s EPA-regulated guidelines,” advocacy groups said in a statement on Sep. 20. “A Glades County official wrote to others at the Glades County Sheriff''s Office that the disinfectant was so thick that it was ‘clogging up the … sprayer.’ He then directed officials to continue showering the chemical spray from the sprayers at roughly 64 times the recommended strength.” “Sometimes, when I’m asleep at night, they’ve sprayed,” Jean Cleophat, a Haitian man who suffers from asthma, said in the statement. “I’ll be waking up sweating.

The GEO Group, Inc. (NYSE: GEO) (“GEO”) published today the company’s third annual Human Rights and Environmental, Social & Governance (ESG) report. The report builds on GEO’s first two Human Rights and ESG reports, which provided disclosures on how GEO informs its employees of the company’s long-standing commitment to respecting human rights; the criteria GEO uses to assess human rights

Equities analysts expect that The GEO Group, Inc. (NYSE:GEO) will post sales of $558.09 million for the current quarter, according to Zacks. Three analysts have issued estimates for The GEO Groups earnings, with the highest sales estimate coming in at $558.40 million and the lowest estimate coming in at $557.88 million. The GEO Group posted []

The prison operator finally made a call about how it wants to structure its business. Investors weren't so pleased.

(RTTNews) - GEO Group (GEO) announced Thursday that its Board of Directors has unanimously approved a plan to terminate its Real Estate Investment Trust election and become a taxable C corporation, effective for the fiscal year ending December 31, 2021. The decision stems from the Board''s evaluation of GEO''s corporate tax structure and REIT

GEO vs. CUBE: Which Stock Is the Better Value Option?

A researcher from The Maxwell School of Citizenship and Public Affairs at Syracuse University has published data at LA Progressive Newsletter detailing the vast sums of cash that private prison profiteers like GEO Group, CoreCivic, and Management and Training Corporation sunk into the 2020 campaign. While Masters of Public Administration graduate student Emma Peca notes candidates and entities from both major parties received donations from GEO Group, the vast majority went to Republicans. During the 2020 election cycle, GEO gave $818,100 to Republican candidates and affiliated PACs and organizations, and $46,978 to Democratic candidates and affiliated PACs and organizations. Transactional Records Access Clearinghouse (TRAC) at Syracuse Universitys Dr. Austin Kocher, a researcher working with Peca, pointed out the individual recipients of GEO Groups donations during the election season. No surprise who came out on top: How much money is private detention corporations like GEO Group funneling into election campaigns?

The average of price targets set by Wall Street analysts indicates a potential upside of 48.1% in Geo Group (GEO). While the effectiveness of this highly sought-after metric is questionable, the posit

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California Attorney General Rob Bonta is seeking to return to court to defend a historic state law state banning private for-profit prisons after a three-judge panel from the 9th Circuit Court of Appeals last month ruled against it . Advocates said at the time that California had two options going forward: to appeal before a full panel, or appeal to the Supreme Court. The state has gone with the former choice. As the lead author of AB 32 in the Assembly, Im proud to be able to now defend the law on behalf of the people of California as Attorney General, Bonta said in a statement Wednesday. The record is clear: For-profit, private prisons and detention facilities that treat people like commodities pose an unacceptable risk to the health and welfare of Californians. In a 2-1 ruling Oct. 5, the Ninth U.S. Circuit Court of Appeals in San Francisco said the laws provision banning private immigration prisons violated the U.S. governments authority to regulate immigration, the San Francisco Chronicle reports .

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