Fmr LLC Lowers Holdings in The GEO Group, Inc. (NYSE:GEO)

FMR LLC decreased its stake in The GEO Group, Inc. (NYSE:GEO - Free Report) by 24.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,053,235 shares of the real estate investment trust's stock after selling 2,318,246 shares during the quarter. FMR LLC owned approximately 5.05% of The GEO Group worth $90,634,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC increased its stake in The GEO Group by 472.1% in the 3rd quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust's stock worth $41,000 after buying an additional 2,625 shares in the last quarter. GAMMA Investing LLC grew its position in shares of The GEO Group by 38.5% during the third quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust's stock worth $88,000 after purchasing an additional 1,910 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in The GEO Group by 62.1% during 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 purchased a new position in The GEO Group in the 3rd quarter worth approximately $121,000. Finally, Innealta Capital LLC purchased a new position in The GEO Group in the 2nd quarter worth approximately $140,000. Institutional investors own 76.10% of the company's stock.

The GEO Group Price Performance

Shares of NYSE GEO traded down $0.72 during midday trading on Friday, reaching $28.41. 2,078,940 shares of the stock traded hands, compared to its average volume of 2,721,065. The company's 50 day moving average is $20.03 and its 200 day moving average is $16.02. The GEO Group, Inc. has a one year low of $9.88 and a one year high of $29.86. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $3.97 billion, a PE ratio of 98.87, a P/E/G ratio of 3.53 and a beta of 0.88.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GEO shares. Northland Securities lifted their price objective 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 raised their target price on shares of The GEO Group from $25.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, Noble Financial cut shares of The GEO Group from an "outperform" rating to a "market perform" rating in a research note 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.