State Street Corp Increases Holdings in The GEO Group, Inc. (NYSE:GEO)

State Street Corp increased its stake in The GEO Group, Inc. (NYSE:GEO) by 1.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 4,919,298 shares of the real estate investment trust’s stock after buying an additional 66,658 shares during the quarter. State Street Corp owned 3.52% of The GEO Group worth $63,213,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Philosophy Capital Management LLC grew 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 period. Bank of New York Mellon Corp grew its holdings in The GEO Group by 4.6% during the second 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 purchasing an additional 49,134 shares during the period. Point72 Asset Management L.P. increased its position in The GEO Group by 363.5% in the third quarter. Point72 Asset Management L.P. now owns 702,107 shares of the real estate investment trust’s stock worth $9,022,000 after buying an additional 968,601 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of The GEO Group by 3.6% in the second quarter. Principal Financial Group Inc. now owns 656,596 shares of the real estate investment trust’s stock valued at $9,429,000 after buying an additional 22,969 shares during the period. Finally, Kore Advisors LP lifted its position in shares of The GEO Group by 8.8% during the 3rd quarter. Kore Advisors LP now owns 555,950 shares of the real estate investment trust’s stock valued at $7,144,000 after buying an additional 44,800 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on GEO. Noble Financial lowered The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Wedbush reissued an “outperform” rating on shares of The GEO Group in a research report on Tuesday. Finally, Northland Securities upped 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 note on Friday, November 8th.

The GEO Group Stock Performance

Shares of GEO opened at $26.37 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 90.93, a price-to-earnings-growth ratio of 3.32 and a beta of 0.88. The GEO Group, Inc. has a 52-week low of $10.46 and a 52-week high of $29.86. The stock’s 50-day simple moving average is $22.63 and its 200 day simple moving average is $16.89.

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.