Barclays PLC Has $2.78 Million Holdings in The GEO Group, Inc. (NYSE:GEO)

Barclays PLC grew its position in The GEO Group, Inc. (NYSE:GEO - Free Report) by 374.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 216,447 shares of the real estate investment trust's stock after buying an additional 170,839 shares during the quarter. Barclays PLC owned 0.15% of The GEO Group worth $2,781,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. grew its position in The GEO Group by 363.5% in the third quarter. Point72 Asset Management L.P. now owns 702,107 shares of the real estate investment trust's stock valued at $9,022,000 after acquiring an additional 968,601 shares during the last quarter. Hodges Capital Management Inc. grew its holdings in shares of The GEO Group by 1,501.6% during the 3rd quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust's stock valued at $10,136,000 after purchasing an additional 739,550 shares during the last quarter. Great Lakes Advisors LLC increased its position in The GEO Group by 1,803.4% during the 2nd quarter. Great Lakes Advisors LLC now owns 312,508 shares of the real estate investment trust's stock worth $4,488,000 after purchasing an additional 296,090 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in The GEO Group in the 2nd quarter valued at approximately $3,906,000. Finally, Philosophy Capital Management LLC boosted its position in The GEO Group by 17.1% in the third quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust's stock valued at $21,125,000 after buying an additional 240,251 shares in the last quarter. Institutional investors own 76.10% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on GEO. Noble Financial downgraded The GEO Group from an "outperform" rating to a "market perform" rating in a report on Monday, November 11th. Wedbush restated an "outperform" rating on shares of The GEO Group in a report on Tuesday, December 17th. Finally, Northland Securities raised their price objective on shares of The GEO Group from $16.00 to $37.00 and gave the company an "outperform" rating in a report on Friday, November 8th.

The GEO Group Trading Up 0.4 %

NYSE:GEO traded up $0.11 during trading hours on Wednesday, hitting $28.12. 726,897 shares of the company were exchanged, compared to its average volume of 2,720,345. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 96.97, a price-to-earnings-growth ratio of 3.32 and a beta of 0.88. The GEO Group, Inc. has a one year low of $10.46 and a one year high of $29.86. The company has a fifty day simple moving average of $23.97 and a 200 day simple moving average of $17.37. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25.

About The GEO Group

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.