Quest Partners LLC Takes $609,000 Position in The GEO Group, Inc. (NYSE:GEO)

Quest Partners LLC purchased a new position in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 47,380 shares of the real estate investment trust's stock, valued at approximately $609,000.

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

Wall Street Analysts Forecast Growth

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

The GEO Group Stock Down 0.2 %

NYSE GEO traded down $0.05 during trading hours on Friday, hitting $28.68. 2,514,430 shares of the company were exchanged, compared to its average volume of 5,702,269. 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 firm has a market cap of $4.01 billion, a price-to-earnings ratio of 98.90, a PEG ratio of 3.48 and a beta of 0.63. The company has a 50 day moving average of $17.22 and a two-hundred day moving average of $15.09. The GEO Group, Inc. has a 52-week low of $9.74 and a 52-week high of $29.57.

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.