Pinnbrook Capital Management LP Takes Position in The GEO Group, Inc. (NYSE:GEO)

Pinnbrook Capital Management LP acquired a new stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 172,865 shares of the real estate investment trust's stock, valued at approximately $4,837,000. Pinnbrook Capital Management LP owned approximately 0.12% of The GEO Group as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in The GEO Group in the 3rd quarter worth $25,000. Morse Asset Management Inc acquired a new position in shares of The GEO Group in the third quarter valued at about $67,000. Quarry LP purchased a new position in shares of The GEO Group in the third quarter worth about $77,000. nVerses Capital LLC acquired a new stake in shares of The GEO Group during the third quarter worth about $121,000. Finally, HighTower Advisors LLC purchased a new stake in The GEO Group in the third quarter valued at approximately $141,000. Institutional investors and hedge funds own 76.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GEO shares. Northland Securities raised their price target on shares of The GEO Group from $16.00 to $37.00 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. Finally, Wedbush reaffirmed an "outperform" rating on shares of The GEO Group in a report on Tuesday, December 17th.

The GEO Group Stock Performance

GEO stock traded down $1.50 during trading on Friday, hitting $25.24. 5,484,968 shares of the company traded hands, compared to its average volume of 2,923,325. The GEO Group, Inc. has a 1 year low of $11.50 and a 1 year high of $36.46. The company has a market cap of $3.53 billion, a PE ratio of 87.02, a P/E/G ratio of 2.19 and a beta of 0.87. The stock's 50-day simple moving average is $29.52 and its 200 day simple moving average is $21.81. 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 Company 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.