UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.74 Million Position in The GEO Group, Inc. (NYSE:GEO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 53.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 212,986 shares of the real estate investment trust's stock after purchasing an additional 74,430 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of The GEO Group worth $2,737,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Nisa Investment Advisors LLC boosted its position in shares of The GEO Group by 131.8% during 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 raised its stake in The GEO Group by 1,803.4% in the 2nd 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 in the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of The GEO Group during the 2nd quarter valued at approximately $3,906,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of The GEO Group in the 2nd quarter worth approximately $2,790,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in shares of The GEO Group during the 2nd quarter valued at $2,104,000. Institutional investors and hedge funds own 76.10% of the company's stock.

Wall Street Analysts Forecast Growth

GEO has been the subject of a number of research reports. Noble Financial lowered shares of The GEO Group from an "outperform" rating to a "market perform" rating in a research report on Monday, November 11th. Northland Securities boosted their target price 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. Finally, Wedbush boosted their price objective 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.

The GEO Group Price Performance

NYSE GEO traded down $0.36 during mid-day trading on Friday, hitting $27.41. The stock had a trading volume of 2,241,804 shares, compared to its average volume of 2,869,709. 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 company has a 50 day simple moving average of $21.82 and a 200 day simple moving average of $16.62. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 94.52, a P/E/G ratio of 3.32 and a beta of 0.88. The GEO Group, Inc. has a 52-week low of $10.13 and a 52-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.