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

Victory Capital Management Inc. lifted its holdings in shares of The GEO Group, Inc. (NYSE:GEO) by 12.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 195,376 shares of the real estate investment trust’s stock after purchasing an additional 20,962 shares during the period. Victory Capital Management Inc. owned about 0.14% of The GEO Group worth $2,511,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versor Investments LP bought a new position in shares of The GEO Group during the 3rd quarter valued at $604,000. Great Lakes Advisors LLC boosted its position in The GEO Group by 1,803.4% during the 2nd quarter. Great Lakes Advisors LLC now owns 312,508 shares of the real estate investment trust’s stock valued at $4,488,000 after buying an additional 296,090 shares during the period. Renaissance Technologies LLC boosted its position in The GEO Group by 352.4% during the 2nd quarter. Renaissance Technologies LLC now owns 100,425 shares of the real estate investment trust’s stock valued at $1,442,000 after buying an additional 78,225 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new stake in The GEO Group during the 2nd quarter valued at $2,104,000. Finally, Nisa Investment Advisors LLC boosted its position 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. 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 company has a 50-day moving average price of $17.22 and a 200-day moving average price of $15.09. The GEO Group, Inc. has a 12 month low of $9.74 and a 12 month high of $29.57. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 98.90, a P/E/G ratio of 3.48 and a beta of 0.63.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GEO shares. StockNews.com cut shares of The GEO Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Wedbush increased their price target 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. 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. Finally, 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.

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.