BNP Paribas Financial Markets Has $3.52 Million Stake in The GEO Group, Inc. (NYSE:GEO)

BNP Paribas Financial Markets raised its holdings in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 20.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 273,724 shares of the real estate investment trust's stock after purchasing an additional 46,905 shares during the period. BNP Paribas Financial Markets owned 0.20% of The GEO Group worth $3,517,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in GEO. Sound Income Strategies LLC lifted its holdings in The GEO Group by 472.1% in the third quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 2,625 shares during the period. GAMMA Investing LLC raised its position in shares of The GEO Group by 38.5% during the 3rd quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust's stock valued at $88,000 after acquiring an additional 1,910 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of The GEO Group by 62.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust's stock valued at $90,000 after purchasing an additional 2,393 shares during the period. nVerses Capital LLC bought a new position in shares of The GEO Group in the 3rd quarter worth $121,000. Finally, Innealta Capital LLC acquired a new stake in shares of The GEO Group during the second quarter worth $140,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

The GEO Group Stock Down 0.2 %

Shares of NYSE GEO traded down $0.05 during mid-day trading on Thursday, reaching $29.15. 2,495,714 shares of the company's stock were exchanged, compared to its average volume of 2,723,792. The GEO Group, Inc. has a twelve month low of $9.85 and a twelve month high of $29.86. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 99.52, a PEG ratio of 3.26 and a beta of 0.88. The business has a fifty day simple moving average of $19.70 and a 200 day simple moving average of $15.92.

Analysts Set New Price Targets

Several research firms have weighed in on GEO. StockNews.com lowered The GEO Group from a "buy" rating to a "hold" rating in a research note on Wednesday, August 7th. Northland Securities increased their price target on shares of The GEO Group from $16.00 to $37.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Wedbush boosted their price objective on shares of The GEO Group from $25.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, Noble Financial lowered shares of The GEO Group from an "outperform" rating to a "market perform" rating in a report on Monday, November 11th.

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.