Centiva Capital LP Takes $289,000 Position in The GEO Group, Inc. (NYSE:GEO)

Centiva Capital LP acquired a new position in The GEO Group, Inc. (NYSE:GEO - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 22,508 shares of the real estate investment trust's stock, valued at approximately $289,000.

A number of other large investors have also recently made changes to their positions in the stock. Wedge Capital Management L L P NC raised its stake in The GEO Group by 9.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 110,914 shares of the real estate investment trust's stock valued at $1,593,000 after purchasing an additional 9,313 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of The GEO Group by 131.8% in the second quarter. Nisa Investment Advisors LLC now owns 1,037,881 shares of the real estate investment trust's stock worth $14,904,000 after buying an additional 590,099 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in shares of The GEO Group by 1.1% during the second quarter. SummerHaven Investment Management LLC now owns 100,735 shares of the real estate investment trust's stock worth $1,447,000 after acquiring an additional 1,098 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in The GEO Group by 10.9% during the second quarter. Louisiana State Employees Retirement System now owns 67,100 shares of the real estate investment trust's stock valued at $964,000 after acquiring an additional 6,600 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in The GEO Group by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,114,771 shares of the real estate investment trust's stock valued at $16,008,000 after acquiring an additional 49,134 shares during the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.

The GEO Group Trading Down 0.5 %

Shares of NYSE GEO traded down $0.13 during mid-day trading on Wednesday, reaching $27.80. The company had a trading volume of 1,709,111 shares, compared to its average volume of 2,721,431. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 95.87, a price-to-earnings-growth ratio of 3.44 and a beta of 0.88. The GEO Group, Inc. has a 52 week low of $9.95 and a 52 week high of $29.86. The business's 50-day moving average is $21.25 and its 200-day moving average is $16.43. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wedbush raised their price target on The GEO Group from $25.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Northland Securities lifted their target price on The GEO Group from $16.00 to $37.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Finally, Noble Financial lowered 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.