Versor Investments LP Purchases New Holdings in The GEO Group, Inc. (NYSE:GEO)

Versor Investments LP acquired a new stake in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund acquired 47,000 shares of the real estate investment trust's stock, valued at approximately $604,000.

Other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System grew its position in shares of The GEO Group by 2.5% during the 2nd quarter. Arizona State Retirement System now owns 35,525 shares of the real estate investment trust's stock valued at $510,000 after purchasing an additional 862 shares in the last quarter. Creative Planning increased its stake in The GEO Group by 9.0% in the 3rd quarter. Creative Planning now owns 11,096 shares of the real estate investment trust's stock worth $143,000 after acquiring an additional 919 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of The GEO Group by 1.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 100,735 shares of the real estate investment trust's stock valued at $1,447,000 after acquiring an additional 1,098 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in shares of The GEO Group by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 106,826 shares of the real estate investment trust's stock valued at $1,508,000 after acquiring an additional 1,402 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of The GEO Group by 7.4% during the first quarter. ProShare Advisors LLC now owns 24,326 shares of the real estate investment trust's stock worth $343,000 after purchasing an additional 1,669 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company's stock.

The GEO Group Trading Up 2.6 %

Shares of NYSE GEO traded up $0.66 during midday trading on Thursday, hitting $26.13. 5,380,753 shares of the company traded hands, compared to its average volume of 2,689,688. The GEO Group, Inc. has a 12-month low of $9.34 and a 12-month high of $27.88. The firm has a market cap of $3.65 billion, a P/E ratio of 90.11, a P/E/G ratio of 3.03 and a beta of 0.63. The stock has a 50-day moving average price of $15.45 and a 200 day moving average price of $14.54. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.26 and a current ratio of 1.10.

Analyst Ratings Changes

GEO has been the topic of a number of recent analyst reports. Noble Financial downgraded shares of The GEO Group from an "outperform" rating to a "market perform" rating in a research note on Monday. StockNews.com downgraded shares of The GEO Group from a "buy" rating to a "hold" rating in a research note on Wednesday, August 7th. Northland Securities increased their price target on shares of The GEO Group from $16.00 to $37.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Finally, Wedbush increased their price objective on The GEO Group from $25.00 to $30.00 and gave the stock an "outperform" rating in a report 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.