RoundAngle Advisors LLC Acquires New Position in The GEO Group, Inc. (NYSE:GEO)

RoundAngle Advisors LLC bought a new position in The GEO Group, Inc. (NYSE:GEO - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 28,820 shares of the real estate investment trust's stock, valued at approximately $806,000.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP purchased a new stake in shares of The GEO Group during the 2nd quarter valued at approximately $1,314,000. Renaissance Technologies LLC raised its position in The GEO Group by 352.4% in the second quarter. Renaissance Technologies LLC now owns 100,425 shares of the real estate investment trust's stock valued at $1,442,000 after purchasing an additional 78,225 shares during the period. Amalgamated Bank lifted its stake in shares of The GEO Group by 6.5% in the 2nd quarter. Amalgamated Bank now owns 40,276 shares of the real estate investment trust's stock valued at $578,000 after purchasing an additional 2,467 shares during the last quarter. XTX Topco Ltd grew its holdings in shares of The GEO Group by 26.3% during the 2nd quarter. XTX Topco Ltd now owns 26,395 shares of the real estate investment trust's stock worth $379,000 after purchasing an additional 5,498 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of The GEO Group by 62.1% during 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 purchasing an additional 2,393 shares during the last quarter. Hedge funds and other institutional investors own 76.10% of the company's stock.

The GEO Group Stock Performance

Shares of GEO traded up $1.43 during mid-day trading on Monday, hitting $35.43. 4,523,994 shares of the company's stock were exchanged, compared to its average volume of 2,149,831. The firm has a market capitalization of $4.95 billion, a P/E ratio of 122.18, a P/E/G ratio of 2.44 and a beta of 0.87. The GEO Group, Inc. has a fifty-two week low of $10.47 and a fifty-two week high of $35.62. The business's 50 day moving average is $28.53 and its two-hundred day moving average is $19.40. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wedbush restated an "outperform" rating on shares of The GEO Group in a research note on Tuesday, December 17th. Noble Financial downgraded The GEO Group from an "outperform" rating to a "market perform" rating in a research report on Monday, November 11th. Finally, Northland Securities boosted 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 note on Friday, November 8th.

The GEO Group 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.