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Why is GEG up 2.53%?
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GEG:FRA
Geo Group Inc
€28.42
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+2.53%(+0.70) 1D
Oct 12, 10:00:00 PM GMT+2 · EUR
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Open
€27.74
High
€28.76
Low
€27.74
Mkt. cap
4.18B
Avg. vol.
54.00
Volume
0.00
52-wk high
€29.11
52-wk low
€10.71
No. of employees
18K
Open
€27.74
High
€28.76
Low
€27.74
Mkt. cap
4.18B
Avg. vol.
54.00
Volume
0.00
52-wk high
€29.11
52-wk low
€10.71
No. of employees
18K
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Profile
The GEO Group, Inc. is an American publicly traded C corporation private prison and mental health facility operator. The company's facilities include immigration detention centers, minimum security detention centers, and mental-health and residential-treatment facilities in the United States, Australia, South Africa, and the United Kingdom. GEO also operates government-owned facilities pursuant to management contracts. As of September 30, 2024, the company owned or managed 80,000 beds at 95 facilities, making it the largest prison operator in the United States. In 2019, agencies of the federal government of the United States generated 53% of the company's revenues. Up until 2021 the company was designated as a real estate investment trust, at which time its board of directors elected to reclassify as a C corporation under the stated goal of reducing the company's debt.
The company has been the subject of civil suits in the United States by prisoners and their families for injuries from riots and poor treatment at prisons and immigrant detention facilities. Wikipedia
About Geo Group Inc
CEOJose Gordo
Employees18K
Founded1984
HeadquartersBoca Raton, Florida, United States
SectorAlarm Services
Websitegeogroup.com