Fmr LLC Has $90.63 Million Stake in The GEO Group, Inc. (NYSE:GEO)

Fmr LLC lowered its stake in shares of The GEO Group, Inc. (NYSE:GEO) by 24.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,053,235 shares of the real estate investment trust’s stock after selling 2,318,246 shares during the period. Fmr LLC owned approximately 5.05% of The GEO Group worth $90,634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of GEO. Pekin Hardy Strauss Inc. increased its position in shares of The GEO Group by 65.4% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 38,200 shares of the real estate investment trust’s stock valued at $491,000 after buying an additional 15,100 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of The GEO Group in the third quarter worth about $1,279,000. Jennison Associates LLC bought a new stake in shares of The GEO Group in the third quarter worth about $630,000. Quest Partners LLC acquired a new stake in shares of The GEO Group during the third quarter worth about $609,000. Finally, Chesapeake Capital Corp IL lifted its holdings in shares of The GEO Group by 27.9% during the 3rd quarter. Chesapeake Capital Corp IL now owns 22,000 shares of the real estate investment trust’s stock valued at $280,000 after purchasing an additional 4,800 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

The GEO Group Price Performance

NYSE:GEO opened at $29.15 on Friday. The company has a market cap of $4.08 billion, a P/E ratio of 99.52, a P/E/G ratio of 3.26 and a beta of 0.88. The firm’s fifty day moving average price is $19.70 and its two-hundred day moving average price is $15.92. The GEO Group, Inc. has a one year low of $9.85 and a one year 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.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wedbush increased their target price on The GEO Group from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Noble Financial cut The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Finally, Northland Securities lifted their target price on 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.