GEO Group, Inc. (GEO) Reaches $19.69 After 4.00% Down Move; Shorts at Virco Manufacturing (VIRC) Raised By 45.1%

February 15, 2018 - By David Stenberg

Virco Manufacturing Corporation (NASDAQ:VIRC) had an increase of 45.1% in short interest. VIRC’s SI was 7,400 shares in February as released by FINRA. Its up 45.1% from 5,100 shares previously. With 3,300 avg volume, 2 days are for Virco Manufacturing Corporation (NASDAQ:VIRC)’s short sellers to cover VIRC’s short positions. The SI to Virco Manufacturing Corporation’s float is 0.1%. It closed at $4.2 lastly. It is down 14.99% since February 15, 2017 and is uptrending. It has underperformed by 1.71% the S&P500.

The stock of GEO Group, Inc. (NYSE:GEO) is a huge mover today! The stock increased 0.46% or $0.09 during the last trading session, reaching $19.69. About 524,269 shares traded. GEO Group, Inc. (NYSE:GEO) has risen 49.90% since February 15, 2017 and is uptrending. It has outperformed by 33.20% the S&P500.The move comes after 5 months negative chart setup for the $2.41B company. It was reported on Feb, 15 by Barchart.com. We have $18.90 PT which if reached, will make NYSE:GEO worth $96.28M less.

Analysts await GEO Group, Inc. (NYSE:GEO) to report earnings on February, 28. They expect $0.50 earnings per share, down 27.54% or $0.19 from last year’s $0.69 per share. GEO’s profit will be $61.12M for 9.85 P/E if the $0.50 EPS becomes a reality. After $0.63 actual earnings per share reported by GEO Group, Inc. for the previous quarter, Wall Street now forecasts -20.63% negative EPS growth.

Among 5 analysts covering The GEO Group (NYSE:GEO), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. The GEO Group had 14 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of GEO Group, Inc. (NYSE:GEO) has “Buy” rating given on Wednesday, August 24 by Canaccord Genuity. The firm has “Buy” rating given on Monday, August 7 by Canaccord Genuity. The rating was maintained by Canaccord Genuity with “Buy” on Friday, February 24. The firm has “Buy” rating given on Wednesday, October 18 by SunTrust. SunTrust maintained GEO Group, Inc. (NYSE:GEO) on Wednesday, January 31 with “Buy” rating. On Friday, July 14 the stock rating was initiated by J.P. Morgan with “Buy”. The firm earned “Buy” rating on Thursday, August 10 by Canaccord Genuity. The company was maintained on Friday, November 11 by Canaccord Genuity. The stock has “Buy” rating by Suntrust Robinson on Thursday, September 1. The company was maintained on Tuesday, August 4 by MLV.

The GEO Group, Inc. is a real estate investment trust. The company has market cap of $2.41 billion. The firm invests in real estate markets of the United States, Australia, South Africa and the United Kingdom. It has a 16.27 P/E ratio. It specializes in the ownership, leasing and management of correctional, detention and reentry facilities and the provision of community services and youth services.

Virco Mfg. Corporation engages in the design, production, and distribution of furniture for the commercial and education markets in the United States. The company has market cap of $64.50 million. It offers seating products, including 4-leg chairs, cantilever and tablet arm chairs, work surfaces and compact footprints, steel-frame rockers, stools, task and classroom chairs, stack and folding chairs, hard plastic seats, upholstered stack and ergonomic chairs, and plastic stack chairs. It has a 200 P/E ratio. The firm also provides folding, activity, office, computer, and mobile tables; and computer furniture, such as keyboard mouse trays, CPU holders, support columns, desks and workstations, specialty tables, instructor media stations and towers, and other products.

Investors sentiment increased to 1.86 in Q3 2017. Its up 1.19, from 0.67 in 2017Q2. It improved, as 3 investors sold Virco Mfg. Corporation shares while 4 reduced holdings. 5 funds opened positions while 8 raised stakes. 4.31 million shares or 2.33% more from 4.21 million shares in 2017Q2 were reported. Acadian Asset Mngmt Ltd Liability Com accumulated 3,059 shares. Royal State Bank Of Canada owns 7 shares. Bridgeway Capital Mngmt reported 32,200 shares. Renaissance Technology Limited Liability Company owns 0% invested in Virco Mfg. Corporation (NASDAQ:VIRC) for 215,700 shares. Morgan Stanley stated it has 1 shares. Bancorp Of Mellon Corp has 18,856 shares. Deutsche Retail Bank Ag invested in 0% or 18,618 shares. Macquarie Gp Ltd reported 0% of its portfolio in Virco Mfg. Corporation (NASDAQ:VIRC). Jpmorgan Chase owns 753 shares for 0% of their portfolio. California Employees Retirement System holds 0% of its portfolio in Virco Mfg. Corporation (NASDAQ:VIRC) for 55,276 shares. Da Davidson has 0.03% invested in Virco Mfg. Corporation (NASDAQ:VIRC). Nationwide Fund has 1,500 shares. Citigroup has 0% invested in Virco Mfg. Corporation (NASDAQ:VIRC). Minerva Ltd Liability Corp holds 3.12% of its portfolio in Virco Mfg. Corporation (NASDAQ:VIRC) for 1.04M shares. Vanguard Group holds 0% or 232,256 shares.

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By1 David Stenberg

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