Geo stock price remains in an upward channel, last at $84.05, underpinned by stronger-than-expected revenue streams. Traders emphasize watching the $85 breakout line, as it could open a run to $90 quickly. Market sentiment surveys reveal increasing bullish bias among portfolio managers. While The GEO Group, Inc. ( NYSE:GEO ) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 14% in the last quarter. But that doesn't undermine the rather lovely longer-term return, if you measure over the last three years. The share price marched upwards over that time, and is now 157% higher than it was. To some, the recent share price pullback wouldn't be surprising after such a good run. The thing to consider is whether the underlying business is doing well enough to support the current price. Geo Group announced that its Board of Directors has authorized a share buyback program on Wednesday, August 6th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 8.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued. Institutional Investors Weigh In On Geo Group Hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its holdings in Geo Group by 245.1% in the second quarter. Geneos Wealth Management Inc. now owns 1,101 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 782 shares in the last quarter. Twin Tree Management LP bought a new stake in Geo Group in the first quarter worth approximately $39,000. NewEdge Advisors LLC increased its holdings in Geo Group by 81.9% in the first quarter. NewEdge Advisors LLC now owns 1,864 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 839 shares in the last quarter. NBC Securities Inc. acquired a new stake in Geo Group in the first quarter valued at approximately $58,000. Finally, Covestor Ltd grew its stake in Geo Group by 19.8% in the first quarter. Covestor Ltd now owns 2,653 shares of the real estate investment trust's stock valued at $77,000 after acquiring an additional 438 shares during the period. 76.10% of the stock is currently owned by institutional investors. Geo Group Company Profile ( Get Free Report ) The GEO Group, Inc NYSE: GEO engages in ownership, leasing, and management of secure facilities, processing centers, and community-based reentry facilities in the United States, Australia, the United Kingdom, and South Africa. The company also provides secure facility management services, including the provision of security, administrative, rehabilitation, education, and food services; reentry services, such as temporary housing, programming, employment assistance, and other services; electronic monitoring and supervision services; and transportation services; as well as designs, constructs, and finances new facilities through projects. Further Reading Five stocks we like better than Geo Group Profitably Trade Stocks at 52-Week Highs NVIDIA Breaks Out to New Highs: What Comes Next? What is a support level? Microsoft Stock Hits Stride in 2025—How Much More Can It Run? The Top 3 Healthcare Dividend Stocks to Buy and Hold How Berkshire's OxyChem Buy Cements Its Long-Term Strength This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]. Should You Invest $1,000 in Geo Group Right Now? Before you consider Geo Group, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Geo Group wasn't on the list. While Geo Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here 7 Energy Stocks to Buy and Hold Forever With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow. Get This Free Report Geo stock price moved upward to $84.12, breaching short-term resistance. The breakout move was supported by higher open interest in futures, often interpreted as commitment from institutional players. Trend-followers may find the strong EMA crossover an appealing technical buy signal.