Y Intercept Hong Kong Ltd Acquires 31,913 Shares of The GEO Group, Inc. (NYSE:GEO)

Y Intercept Hong Kong Ltd lifted its holdings in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 206.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,377 shares of the real estate investment trust's stock after acquiring an additional 31,913 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in The GEO Group were worth $609,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its position in shares of The GEO Group by 2.5% in the 2nd quarter. Arizona State Retirement System now owns 35,525 shares of the real estate investment trust's stock worth $510,000 after purchasing an additional 862 shares during the period. Creative Planning raised its stake in The GEO Group by 9.0% in the third quarter. Creative Planning now owns 11,096 shares of the real estate investment trust's stock worth $143,000 after buying an additional 919 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in The GEO Group by 1.1% in the second quarter. SummerHaven Investment Management LLC now owns 100,735 shares of the real estate investment trust's stock worth $1,447,000 after buying an additional 1,098 shares during the period. GAMMA Investing LLC boosted its position in 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 valued at $88,000 after acquiring an additional 1,910 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of The GEO Group during the 3rd quarter worth approximately $25,000. Hedge funds and other institutional investors own 76.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wedbush raised their target price on The GEO Group from $25.00 to $30.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Noble Financial lowered 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 target price on shares of The GEO Group from $16.00 to $37.00 and gave the company an "outperform" rating in a report on Friday, November 8th.

The GEO Group Stock Down 1.3 %

Shares of The GEO Group stock traded down $0.36 during midday trading on Friday, hitting $27.41. The company had a trading volume of 2,241,804 shares, compared to its average volume of 2,869,709. The GEO Group, Inc. has a 52-week low of $10.13 and a 52-week high of $29.86. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $3.83 billion, a P/E ratio of 94.52, a P/E/G ratio of 3.32 and a beta of 0.88. The company has a 50 day moving average of $21.82 and a 200 day moving average of $16.64.

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.