GEO
The GEO Group
October 6, 2026 · intraday
- Rarity
- 1.74
- Peak move
- −8.13%
- Float cap
- $4.2B
The GEO Group is a government services contractor that designs, finances, develops and operates secure correctional and detention facilities, immigration processing centers, and community reentry centers under contracts with federal, state and international agencies. It also provides electronic monitoring and supervision services, secure transportation, and correctional health and mental health care. Its clients are primarily government agencies in the United States, Australia, South Africa, and the United Kingdom.
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What we found
9 events · 0 from SEC or newswire · 1 timed with the move- Timed with the move
analyst_ratingJonesTrading reiterated a Buy rating and $40.00 price target on The GEO Group following the company's debt redemption and expanded $1.25 billion share repurchase authorization.
analyst_ratingUBS Group reiterated a Buy rating on The GEO Group.
- Key event
policy_changeCalifornia Gov. Gavin Newsom signed more than 20 bills targeting the Trump administration's immigration agenda, including measures letting the state attorney general sue over detainee constitutional rights and requiring disclosure of records such as 911 calls from immigration detention facilities.
- Key event
peer_disclosureThe Los Angeles Times reported that the Department of Homeland Security has spent nearly $3.2 billion buying immigration detention facilities, mostly in California, including a $1.5 billion summer purchase of two California facilities from GEO competitor CoreCivic of Tennessee.
- Key event
debt_financingThe GEO Group delivered notice of redemption for all $650 million of its 8.625% Senior Secured Notes due 2029 at $1,043.13 per $1,000 principal (about $678 million, Oct 15, 2026) and amended its credit agreement to extend its $550 million Revolving Credit Facility maturity to July 14, 2031 while increasing restricted-payments capacity.
spinoff_divestitureThe GEO Group completed the sale of its three-facility Adelanto, California ICE Processing Center complex (Adelanto West, Adelanto East and Desert View Annex; 2,644 beds) to the U.S. Department of Homeland Security for $950 million gross, expecting about $705 million net proceeds, while keeping support services under its ICE contract through Dec 19, 2034.
buybackThe GEO Group's board increased the company's share repurchase authorization by $750 million to $1.25 billion, effective through December 31, 2029, to be funded in part by net proceeds from the Adelanto facility sales.
government_contractDHS signed five construction contracts worth up to a combined $7.3 billion to expand immigration detention at government-owned sites in New York, Texas, Arizona, Florida and California, with GEO Group named among contractors involved and ICE planning mobile detention facilities run by GEO's GTI transportation subsidiary.
peer_disclosureCoreCivic announced contract modifications adding capacity for roughly 800 ICE detainees across three facilities plus 250 more at the Tallahatchie County Correctional Facility in Tutwiler, Mississippi.