Victory Capital Management Inc. Purchases 20,962 Shares of The GEO Group, Inc. (NYSE:GEO)

Victory Capital Management Inc. grew its holdings in shares of The GEO Group, Inc. (NYSE:GEO - Free Report) by 12.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 195,376 shares of the real estate investment trust's stock after buying an additional 20,962 shares during the quarter. Victory Capital Management Inc. owned 0.14% of The GEO Group worth $2,511,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in The GEO Group by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 1,114,771 shares of the real estate investment trust's stock valued at $16,008,000 after purchasing an additional 49,134 shares during the period. Nisa Investment Advisors LLC raised its holdings in 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 buying an additional 590,099 shares during the period. Principal Financial Group Inc. lifted its position in The GEO Group by 3.6% in the second quarter. Principal Financial Group Inc. now owns 656,596 shares of the real estate investment trust's stock worth $9,429,000 after buying an additional 22,969 shares during the last quarter. Center Lake Capital Management LLC boosted its stake in The GEO Group by 500.0% during the first quarter. Center Lake Capital Management LLC now owns 600,000 shares of the real estate investment trust's stock worth $8,472,000 after buying an additional 500,000 shares during the period. Finally, Rhumbline Advisers boosted its stake in The GEO Group by 5.1% during the second quarter. Rhumbline Advisers now owns 403,223 shares of the real estate investment trust's stock worth $5,790,000 after buying an additional 19,523 shares during the period. Institutional investors own 76.10% of the company's stock.

The GEO Group Trading Down 0.2 %

NYSE GEO opened at $28.68 on Friday. The stock has a market cap of $4.01 billion, a PE ratio of 98.90, a PEG ratio of 3.47 and a beta of 0.63. The GEO Group, Inc. has a 12 month low of $9.74 and a 12 month high of $29.57. The company's 50-day moving average price is $17.22 and its 200-day moving average price is $15.09. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of The GEO Group from a "buy" rating to a "hold" rating in a report on Wednesday, August 7th. Northland Securities increased their price objective on shares of The GEO Group from $16.00 to $37.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Wedbush boosted their target price on The GEO Group from $25.00 to $30.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Finally, Noble Financial downgraded The GEO Group from an "outperform" rating to a "market perform" rating in a report on Monday, November 11th.

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.