10,885 Shares in The GEO Group, Inc. (NYSE:GEO) Purchased by HighTower Advisors LLC

HighTower Advisors LLC acquired a new position in shares of The GEO Group, Inc. (NYSE:GEO) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,885 shares of the real estate investment trust’s stock, valued at approximately $141,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GEO. Point72 Asia Singapore Pte. Ltd. purchased a new stake in The GEO Group in the third quarter valued at approximately $25,000. Sound Income Strategies LLC increased its holdings in 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 buying an additional 2,625 shares during 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 purchasing an additional 2,393 shares in the last quarter. GAMMA Investing LLC increased its position in The GEO Group by 38.5% during the third quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock worth $88,000 after buying an additional 1,910 shares during the period. Finally, nVerses Capital LLC acquired a new position in The GEO Group during the 3rd quarter worth approximately $121,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

The GEO Group Trading Up 0.4 %

Shares of GEO opened at $28.12 on Thursday. The GEO Group, Inc. has a one year low of $10.46 and a one year high of $29.86. 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 company has a market capitalization of $3.93 billion, a P/E ratio of 96.97, a P/E/G ratio of 3.32 and a beta of 0.88. The stock has a 50-day moving average price of $23.97 and a 200 day moving average price of $17.37.

Wall Street Analyst Weigh In

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

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.