Kore Advisors LP lifted its stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 8.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 555,950 shares of the real estate investment trust's stock after acquiring an additional 44,800 shares during the period. The GEO Group accounts for about 2.1% of Kore Advisors LP's portfolio, making the stock its 4th largest position. Kore Advisors LP owned approximately 0.40% of The GEO Group worth $7,144,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of The GEO Group by 4.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 262,120 shares of the real estate investment trust's stock valued at $3,703,000 after acquiring an additional 11,905 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in The GEO Group by 9.2% during the second quarter. Wedge Capital Management L L P NC now owns 110,914 shares of the real estate investment trust's stock worth $1,593,000 after buying an additional 9,313 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of The GEO Group by 131.8% in the second quarter. Nisa Investment Advisors LLC now owns 1,037,881 shares of the real estate investment trust's stock valued at $14,904,000 after buying an additional 590,099 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of The GEO Group by 1.1% during the second quarter. SummerHaven Investment Management LLC now owns 100,735 shares of the real estate investment trust's stock valued at $1,447,000 after buying an additional 1,098 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of The GEO Group by 10.9% during the second quarter. Louisiana State Employees Retirement System now owns 67,100 shares of the real estate investment trust's stock worth $964,000 after acquiring an additional 6,600 shares in the last quarter. 76.10% of the stock is owned by institutional investors.
The GEO Group Stock Performance
Shares of NYSE GEO traded down $0.18 during midday trading on Friday, reaching $28.51. The company's stock had a trading volume of 1,434,236 shares, compared to its average volume of 5,685,453. 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. The firm has a 50 day moving average price of $18.79 and a 200-day moving average price of $15.62. The stock has a market capitalization of $3.99 billion, a P/E ratio of 98.31, a PEG ratio of 3.45 and a beta of 0.63.
Wall Street Analysts Forecast Growth
GEO has been the subject of a number of analyst reports. StockNews.com downgraded The GEO Group from a "buy" rating to a "hold" rating in a research note on Wednesday, August 7th. Northland Securities lifted their target price on The GEO Group from $16.00 to $37.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Noble Financial lowered The GEO Group from an "outperform" rating to a "market perform" rating in a research report on Monday, November 11th. Finally, Wedbush lifted their price objective on shares of The GEO Group from $25.00 to $30.00 and gave the stock an "outperform" rating in a report on Friday, November 8th.
Check Out Our Latest Research Report on GEO
The GEO Group Profile
(
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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