J.W. Cole Advisors Inc. purchased a new position in The GEO Group, Inc. (NYSE:GEO - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,860 shares of the real estate investment trust's stock, valued at approximately $304,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Intech Investment Management LLC bought a new stake in The GEO Group in the third quarter worth about $1,279,000. Versor Investments LP acquired a new stake in The GEO Group during the 3rd quarter worth about $604,000. Nisa Investment Advisors LLC raised its holdings in The GEO Group by 91.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust's stock worth $24,050,000 after buying an additional 411,565 shares during the period. BNP Paribas Financial Markets raised its holdings in The GEO Group by 20.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 273,724 shares of the real estate investment trust's stock worth $3,517,000 after buying an additional 46,905 shares during the period. Finally, Jennison Associates LLC acquired a new stake in The GEO Group during the 3rd quarter worth about $630,000. 76.10% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
GEO has been the topic of several recent analyst reports. Wedbush restated an "outperform" rating on shares of The GEO Group in a report on Tuesday, December 17th. Noble Financial downgraded The GEO Group from an "outperform" rating to a "market perform" rating in a report on Monday, November 11th. Finally, Northland Securities boosted their price objective on The GEO Group from $16.00 to $37.00 and gave the stock an "outperform" rating in a report on Friday, November 8th.
Check Out Our Latest Analysis on GEO
The GEO Group Stock Down 5.6 %
Shares of GEO traded down $1.50 during trading hours on Friday, reaching $25.24. The company's stock had a trading volume of 5,484,968 shares, compared to its average volume of 2,923,325. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 87.02, a P/E/G ratio of 2.19 and a beta of 0.87. The GEO Group, Inc. has a 1-year low of $11.50 and a 1-year high of $36.46. 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 company has a 50 day moving average of $29.56 and a two-hundred day moving average of $21.72.
About The GEO Group
(
Free Report)
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.
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