Geode Capital Management LLC Has $38.77 Million Stock Position in The GEO Group, Inc. (NYSE:GEO)

Geode Capital Management LLC boosted its holdings in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,016,103 shares of the real estate investment trust's stock after acquiring an additional 97,452 shares during the quarter. Geode Capital Management LLC owned 2.16% of The GEO Group worth $38,765,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its position in The GEO Group by 1.4% during the 3rd quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust's stock valued at $63,213,000 after purchasing an additional 66,658 shares during the period. Philosophy Capital Management LLC increased its position in shares of The GEO Group by 17.1% during the third quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust's stock worth $21,125,000 after buying an additional 240,251 shares during the period. Bank of New York Mellon Corp raised its stake in The GEO Group by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 1,114,771 shares of the real estate investment trust's stock worth $16,008,000 after buying an additional 49,134 shares during the last quarter. Hodges Capital Management Inc. lifted its holdings in The GEO Group by 1,501.6% in the third quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust's stock valued at $10,136,000 after buying an additional 739,550 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in The GEO Group by 363.5% during 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. 76.10% of the stock is currently owned by institutional investors and hedge funds.

The GEO Group Stock Up 0.4 %

Shares of GEO traded up $0.11 during trading hours on Wednesday, hitting $28.12. The stock had a trading volume of 726,897 shares, compared to its average volume of 2,720,345. The firm has a 50 day simple moving average of $23.97 and a 200-day simple moving average of $17.37. The GEO Group, Inc. has a 1-year low of $10.46 and a 1-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 firm has a market capitalization of $3.93 billion, a P/E ratio of 96.97, a price-to-earnings-growth ratio of 3.32 and a beta of 0.88.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Northland Securities boosted their price objective on The GEO Group from $16.00 to $37.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Noble Financial cut The GEO Group from an "outperform" rating to a "market perform" rating in a report on Monday, November 11th. Finally, Wedbush reiterated an "outperform" rating on shares of The GEO Group in a research note on Tuesday, December 17th.

The GEO Group Company Profile

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.