Hodges Capital Management Inc. Raises Stock Holdings in The GEO Group, Inc. (NYSE:GEO)

Hodges Capital Management Inc. raised its position in The GEO Group, Inc. (NYSE:GEO - Free Report) by 1,501.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 788,800 shares of the real estate investment trust's stock after purchasing an additional 739,550 shares during the quarter. Hodges Capital Management Inc. owned 0.56% of The GEO Group worth $10,136,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. grew its stake in shares of The GEO Group by 363.5% in the third 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 in the last quarter. Nisa Investment Advisors LLC grew its position in The GEO Group by 131.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,037,881 shares of the real estate investment trust's stock valued at $14,904,000 after acquiring an additional 590,099 shares in the last quarter. Great Lakes Advisors LLC increased its stake in The GEO Group by 1,803.4% during the second quarter. Great Lakes Advisors LLC now owns 312,508 shares of the real estate investment trust's stock worth $4,488,000 after purchasing an additional 296,090 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of The GEO Group during the second quarter worth about $3,906,000. Finally, Philosophy Capital Management LLC boosted its stake in shares of The GEO Group by 17.1% in the third quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust's stock valued at $21,125,000 after purchasing an additional 240,251 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

The GEO Group Stock Down 2.4 %

Shares of NYSE GEO traded down $0.71 during midday trading on Friday, hitting $28.42. 2,081,323 shares of the company's stock were exchanged, compared to its average volume of 3,992,269. The firm's fifty day simple moving average is $20.34 and its 200-day simple moving average is $16.15. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $3.97 billion, a PE ratio of 98.00, a P/E/G ratio of 3.44 and a beta of 0.88. The GEO Group, Inc. has a twelve month low of $9.88 and a twelve month high of $29.86.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Northland Securities upped their price objective on The GEO Group from $16.00 to $37.00 and gave the stock 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, Wedbush upped their target price 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.

The GEO Group Company 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.