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GEO Stock Down 40%, and One Major Investor Just Cut $6.7 Million From Its Stake
Yahoo Finance· 2026-02-12 20:28
Company Overview - The GEO Group is a leading provider of secure facility management and community reentry services, operating in the United States, Australia, and South Africa [6] - The company offers a diversified portfolio of services, including electronic monitoring and evidence-based rehabilitation, to meet the needs of government clients in the corrections and immigration sectors [6][8] - Revenue for the trailing twelve months (TTM) is reported at $2.53 billion, with a net income of $238.10 million [4] Recent Developments - On February 11, Hodges Capital Management Inc. disclosed a sale of 401,146 shares of The GEO Group, valued at an estimated $6.69 million based on quarterly average pricing [1][2] - The fund's quarter-end position value changed by $10.64 million, reflecting both the trade and price movements over the quarter [2] Stock Performance - As of February 10, GEO shares were priced at $16.11, which represents a decline of more than 40% over the past year, significantly underperforming the S&P 500's approximate 14% gain during the same period [3][4] - The one-year price change for GEO shares is reported at -41.55% [4] Service Offerings - The GEO Group provides secure facility management, electronic monitoring, reentry, and international services, focusing on correctional facility operations, compliance technologies, and rehabilitation programs [8] - The company generates revenue primarily through contracts with government agencies for facility management, supervision, and reentry services, as well as technology-enabled monitoring solutions [8] - It serves federal, state, and local government agencies, focusing on correctional, detention, and community reentry populations in the United States and select international markets [8] Market Position - The GEO Group maintains significant scale and aims to deliver cost-effective, compliant services that meet evolving public sector demands [7][9] - Its integrated approach to corrections and reentry positions it as a key partner to government agencies seeking comprehensive solutions in security and rehabilitation [9]