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George C. Zoley, Executive Chairman of Geo Group Inc (NYSE:GEO), sold a total of 41,940 shares of common stock on August 28 and 29. The sales, executed in multiple transactions, were priced between $20.56 and $20.81, resulting in a total value of $867528. The transactions come as GEO trades at $20.98, with analysts setting price targets between $35-45, suggesting significant upside potential according to InvestingPro data.
The sales were conducted through trusts for the benefit of Zoley’s children, specifically the Holly A. Meehan Trust and the Christopher N. Zoley Trust. On August 28, 10,480 shares from the Holly A. Meehan Trust and 10,490 shares from the Christopher N. Zoley Trust were sold at a weighted average price of $20.81. On August 29, another 10,480 shares from the Holly A. Meehan Trust and 10,490 shares from the Christopher N. Zoley Trust were sold at $20.56. The company, currently valued at $2.88 billion, has seen its stock decline over the past three months despite maintaining a FAIR financial health score.
These transactions are part of a pre-arranged estate planning strategy that began on August 18, 2025, involving a total of 230,918 shares.
Following these transactions, Zoley directly owns 4,006,785 shares of common stock and 50,000 shares of restricted stock in Geo Group Inc .
In other recent news, GEO Group Inc. reported impressive financial results for the second quarter of 2025, surpassing analyst expectations. The company achieved earnings per share of $0.22, exceeding the forecast of $0.17. Additionally, GEO Group’s revenue reached $636.2 million, outpacing the anticipated $621.99 million. These financial results highlight the company’s strong performance during the quarter. In legal developments, the United States Court of Appeals for the Ninth Circuit denied GEO Group’s petition for a rehearing in two related cases involving Washington State minimum wage laws. The cases concern whether these laws apply to detainees participating in work programs at the Northwest ICE Processing Center, operated by GEO Group. Six judges dissented from the decision, issuing two dissenting opinions. These developments provide insight into the ongoing legal challenges facing the company.
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