Intech Investment Management LLC Takes Position in The GEO Group, Inc. (NYSE:GEO)

Intech Investment Management LLC bought a new position in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 99,555 shares of the real estate investment trust's stock, valued at approximately $1,279,000. Intech Investment Management LLC owned approximately 0.07% of The GEO Group as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of GEO. Versor Investments LP bought a new stake in The GEO Group during the 3rd quarter valued at $604,000. Quest Partners LLC bought a new position in The GEO Group in the 3rd quarter valued at about $609,000. Jennison Associates LLC acquired a new position in The GEO Group during the 3rd quarter valued at about $630,000. Victory Capital Management Inc. increased its holdings in The GEO Group by 12.0% during the 3rd quarter. Victory Capital Management Inc. now owns 195,376 shares of the real estate investment trust's stock worth $2,511,000 after purchasing an additional 20,962 shares in the last quarter. Finally, Great Lakes Advisors LLC raised its stake in shares of The GEO Group by 1,803.4% in the second 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 during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

The GEO Group Stock Performance

Shares of The GEO Group stock traded up $0.86 during trading hours on Wednesday, hitting $28.69. 2,500,209 shares of the company's stock traded hands, compared to its average volume of 2,714,339. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 99.18, a PEG ratio of 3.38 and a beta of 0.63. The company has a fifty day simple moving average of $17.82 and a 200-day simple moving average of $15.31. 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 GEO Group, Inc. has a 12-month low of $9.77 and a 12-month high of $29.57.

Wall Street Analyst Weigh In

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

The GEO Group 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.