State Street Corp Buys 66,658 Shares of The GEO Group, Inc. (NYSE:GEO)

State Street Corp lifted its position in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,919,298 shares of the real estate investment trust's stock after purchasing an additional 66,658 shares during the period. State Street Corp owned 3.52% of The GEO Group worth $63,213,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. grew its stake in The GEO Group by 363.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 702,107 shares of the real estate investment trust's stock valued at $9,022,000 after buying an additional 968,601 shares during the last quarter. Great Lakes Advisors LLC boosted its stake in shares of The GEO Group by 1,803.4% in the second quarter. Great Lakes Advisors LLC now owns 312,508 shares of the real estate investment trust's stock valued at $4,488,000 after buying an additional 296,090 shares during the period. Lee Danner & Bass Inc. acquired a new stake in The GEO Group during the second quarter worth approximately $3,906,000. Philosophy Capital Management LLC increased its stake in The GEO Group by 17.1% during the 3rd quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust's stock worth $21,125,000 after acquiring an additional 240,251 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new position in The GEO Group in the 2nd quarter valued at $2,790,000. Institutional investors and hedge funds own 76.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on GEO shares. Noble Financial cut The GEO Group from an "outperform" rating to a "market perform" rating in a research report on Monday, November 11th. Wedbush reissued an "outperform" rating on shares of The GEO Group in a report on Tuesday. Finally, Northland Securities upped their price target on shares of The GEO Group from $16.00 to $37.00 and gave the stock an "outperform" rating in a report on Friday, November 8th.

The GEO Group Price Performance

The GEO Group stock traded up $1.63 during mid-day trading on Thursday, reaching $28.00. The company had a trading volume of 3,563,066 shares, compared to its average volume of 2,714,421. The business has a fifty day simple moving average of $22.91 and a 200 day simple moving average of $16.97. The company has a market cap of $3.92 billion, a P/E ratio of 96.56, a P/E/G ratio of 3.32 and a beta of 0.88. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25. The GEO Group, Inc. has a fifty-two week low of $10.46 and a fifty-two week high of $29.86.

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.