Quantbot Technologies LP Grows Stock Holdings in The GEO Group, Inc. (NYSE:GEO)

Quantbot Technologies LP lifted its stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 1,873.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,953 shares of the real estate investment trust's stock after purchasing an additional 66,408 shares during the period. Quantbot Technologies LP owned about 0.05% of The GEO Group worth $899,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Sound Income Strategies LLC boosted its stake in The GEO Group by 472.1% during the 3rd quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust's stock worth $41,000 after purchasing an additional 2,625 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of The GEO Group by 38.5% in the third quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust's stock worth $88,000 after buying an additional 1,910 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in The GEO Group by 62.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust's stock worth $90,000 after acquiring an additional 2,393 shares during the last quarter. nVerses Capital LLC acquired a new position in The GEO Group during the third quarter worth about $121,000. Finally, Innealta Capital LLC purchased a new stake in The GEO Group during the 2nd quarter valued at about $140,000. Institutional investors and hedge funds own 76.10% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Northland Securities boosted their target price on The GEO Group from $16.00 to $37.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Wedbush boosted their price target on shares of The GEO Group from $25.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Noble Financial cut The GEO Group from an "outperform" rating to a "market perform" rating in a research note on Monday, November 11th. Finally, StockNews.com lowered shares of The GEO Group from a "buy" rating to a "hold" rating in a report on Wednesday, August 7th.

The GEO Group Trading Down 4.9 %

NYSE:GEO traded down $1.39 on Monday, reaching $27.12. 3,862,395 shares of the company's stock were exchanged, compared to its average volume of 2,713,775. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 97.45, a price-to-earnings-growth ratio of 3.45 and a beta of 0.88. The GEO Group, Inc. has a 52-week low of $9.77 and a 52-week high of $29.57. 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 business has a fifty day moving average of $18.79 and a 200-day moving average of $15.64.

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.