Barclays PLC Has $2.78 Million Stake in The GEO Group, Inc. (NYSE:GEO)

Barclays PLC raised its stake in The GEO Group, Inc. (NYSE:GEO) by 374.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 216,447 shares of the real estate investment trust’s stock after buying an additional 170,839 shares during the quarter. Barclays PLC’s holdings in The GEO Group were worth $2,781,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Intech Investment Management LLC purchased a new stake in The GEO Group in the 3rd quarter valued at $1,279,000. Versor Investments LP purchased a new stake in shares of The GEO Group in the third quarter valued at about $604,000. BNP Paribas Financial Markets boosted its holdings in The GEO Group by 20.7% during the third quarter. BNP Paribas Financial Markets now owns 273,724 shares of the real estate investment trust’s stock worth $3,517,000 after purchasing an additional 46,905 shares during the last quarter. Jennison Associates LLC bought a new stake in The GEO Group in the 3rd quarter worth about $630,000. Finally, Quest Partners LLC purchased a new stake in The GEO Group in the 3rd quarter valued at about $609,000. Institutional investors own 76.10% of the company’s stock.

The GEO Group Price Performance

The GEO Group stock opened at $28.12 on Wednesday. The business’s 50 day simple moving average is $23.71 and its 200 day simple moving average is $17.29. The GEO Group, Inc. has a 12 month low of $10.46 and a 12 month high of $29.86. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 96.97, a PEG ratio of 3.32 and a beta of 0.88. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GEO. Noble Financial downgraded The GEO Group from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Wedbush restated an “outperform” rating on shares of The GEO Group in a research note on Tuesday, December 17th. Finally, Northland Securities lifted their target price on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

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.