Nations Financial Group Inc. IA ADV Invests $4.77 Million in The GEO Group, Inc. (NYSE:GEO)

Nations Financial Group Inc. IA ADV acquired a new stake in The GEO Group, Inc. (NYSE:GEO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 170,489 shares of the real estate investment trust's stock, valued at approximately $4,770,000. Nations Financial Group Inc. IA ADV owned 0.12% of The GEO Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Creative Planning increased its holdings in shares of The GEO Group by 9.0% in the third quarter. Creative Planning now owns 11,096 shares of the real estate investment trust's stock valued at $143,000 after purchasing an additional 919 shares during the period. GAMMA Investing LLC increased its holdings in shares of The GEO Group by 18.6% in the fourth quarter. GAMMA Investing LLC now owns 8,155 shares of the real estate investment trust's stock valued at $228,000 after purchasing an additional 1,281 shares during the period. KBC Group NV increased its holdings in shares of The GEO Group by 37.2% in the fourth quarter. KBC Group NV now owns 6,023 shares of the real estate investment trust's stock valued at $169,000 after purchasing an additional 1,632 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of The GEO Group in the third quarter valued at about $25,000. Finally, Chesapeake Capital Corp IL increased its holdings in shares of The GEO Group by 27.9% in the third quarter. Chesapeake Capital Corp IL now owns 22,000 shares of the real estate investment trust's stock valued at $280,000 after purchasing an additional 4,800 shares during the period. 76.10% of the stock is owned by institutional investors and hedge funds.

The GEO Group Price Performance

Shares of NYSE GEO traded up $0.37 during midday trading on Wednesday, hitting $27.76. The stock had a trading volume of 1,561,585 shares, compared to its average volume of 2,884,486. 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 market capitalization of $3.88 billion, a PE ratio of 95.73, a P/E/G ratio of 2.15 and a beta of 0.87. The stock has a 50 day simple moving average of $29.58 and a 200-day simple moving average of $21.68.

Analysts Set New Price Targets

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

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.