49,059 Shares in The GEO Group, Inc. (NYSE:GEO) Bought by Jennison Associates LLC

Jennison Associates LLC bought a new position in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 49,059 shares of the real estate investment trust's stock, valued at approximately $630,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Sei Investments Co. purchased a new position in The GEO Group in the 1st quarter valued at approximately $609,000. Russell Investments Group Ltd. grew its stake in The GEO Group by 2.0% during the 1st quarter. Russell Investments Group Ltd. now owns 112,912 shares of the real estate investment trust's stock worth $1,595,000 after purchasing an additional 2,165 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in The GEO Group by 7.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 111,635 shares of the real estate investment trust's stock worth $1,574,000 after purchasing an additional 7,749 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in The GEO Group by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 262,120 shares of the real estate investment trust's stock worth $3,703,000 after purchasing an additional 11,905 shares during the period. Finally, Center Lake Capital Management LLC raised its position in The GEO Group by 500.0% in the 1st quarter. Center Lake Capital Management LLC now owns 600,000 shares of the real estate investment trust's stock valued at $8,472,000 after purchasing an additional 500,000 shares in the last quarter. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

The GEO Group Stock Performance

Shares of GEO opened at $28.68 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The GEO Group, Inc. has a 52-week low of $9.74 and a 52-week high of $29.57. The stock has a 50 day moving average price of $17.22 and a 200 day moving average price of $15.09. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 98.90, a price-to-earnings-growth ratio of 3.47 and a beta of 0.63.

Analysts Set New Price Targets

GEO has been the subject of a number of analyst reports. Wedbush boosted their price objective on The GEO Group from $25.00 to $30.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Noble Financial cut shares of The GEO Group from an "outperform" rating to a "market perform" rating in a report on Monday, November 11th. Northland Securities raised their price objective on shares of The GEO Group from $16.00 to $37.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, StockNews.com downgraded shares of The GEO Group from a "buy" rating to a "hold" rating in a research note on Wednesday, August 7th.

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.