The GEO Group, Inc. (NYSE:GEO) Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its holdings in shares of The GEO Group, Inc. (NYSE:GEO) by 206.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,377 shares of the real estate investment trust’s stock after purchasing an additional 31,913 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in The GEO Group were worth $609,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in The GEO Group by 1.4% during the 3rd quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust’s stock worth $63,213,000 after purchasing an additional 66,658 shares during the last quarter. Philosophy Capital Management LLC boosted its position in shares of The GEO Group by 17.1% during the 3rd 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 acquiring an additional 240,251 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of The GEO Group by 4.6% during the 2nd 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 acquiring an additional 49,134 shares during the last quarter. 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 during the last quarter. Finally, Hodges Capital Management Inc. boosted its position in shares of The GEO Group by 1,501.6% during the 3rd quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust’s stock valued at $10,136,000 after acquiring an additional 739,550 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

The GEO Group Trading Down 1.3 %

NYSE GEO opened at $27.41 on Friday. The firm’s 50-day moving average is $21.82 and its two-hundred day moving average is $16.62. The GEO Group, Inc. has a 12 month low of $10.13 and a 12 month high of $29.86. 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 stock has a market capitalization of $3.83 billion, a P/E ratio of 94.52, a PEG ratio of 3.32 and a beta of 0.88.

Analysts Set New Price Targets

A number of research firms have commented on GEO. Noble Financial cut shares of The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Northland Securities upped their target price 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 upped their target price on shares of The GEO Group from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

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.