The GEO Group, Inc. (NYSE:GEO) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP raised its position in The GEO Group, Inc. (NYSE:GEO) by 1,873.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,953 shares of the real estate investment trust’s stock after acquiring an additional 66,408 shares during the quarter. Quantbot Technologies LP’s holdings in The GEO Group were worth $899,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of GEO. Sound Income Strategies LLC grew its holdings in shares of The GEO Group by 472.1% in the third quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 2,625 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of The GEO Group by 38.5% in the third quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock worth $88,000 after acquiring an additional 1,910 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of The GEO Group by 62.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 2,393 shares during the period. nVerses Capital LLC acquired a new stake in shares of The GEO Group in the third quarter valued at $121,000. Finally, Innealta Capital LLC purchased a new position in The GEO Group in the second quarter valued at $140,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

The GEO Group Stock Down 0.6 %

Shares of NYSE GEO opened at $28.51 on Monday. The business has a 50-day moving average of $18.79 and a two-hundred day moving average of $15.62. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 98.31, a price-to-earnings-growth ratio of 3.45 and a beta of 0.63. The GEO Group, Inc. has a 1 year low of $9.77 and a 1 year high of $29.57. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10.

Wall Street Analysts Forecast Growth

GEO has been the topic of several recent research reports. StockNews.com downgraded The GEO Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. 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. Northland Securities lifted their price target on shares of The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Noble Financial downgraded shares of The GEO Group from an “outperform” rating to a “market perform” rating in a research 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.