The GEO Group, Inc. (NYSE:GEO) Shares Bought by Creative Planning

Creative Planning increased its stake in The GEO Group, Inc. (NYSE:GEO) by 9.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,096 shares of the real estate investment trust’s stock after buying an additional 919 shares during the quarter. Creative Planning’s holdings in The GEO Group were worth $143,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Nisa Investment Advisors LLC boosted its position in The GEO Group by 131.8% in 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 last quarter. Center Lake Capital Management LLC grew its stake in The GEO Group by 500.0% during the 1st quarter. Center Lake Capital Management LLC now owns 600,000 shares of the real estate investment trust’s stock valued at $8,472,000 after purchasing an additional 500,000 shares in the last quarter. Beaconlight Capital LLC purchased a new stake in The GEO Group during the 1st quarter worth approximately $5,754,000. Great Lakes Advisors LLC raised its position in shares of The GEO Group by 1,803.4% in 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 purchasing an additional 296,090 shares in the last quarter. Finally, Lee Danner & Bass Inc. purchased a new position in shares of The GEO Group during the 2nd quarter valued at approximately $3,906,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

The GEO Group Trading Down 5.3 %

The GEO Group stock opened at $25.08 on Wednesday. The GEO Group, Inc. has a 1 year low of $9.14 and a 1 year high of $27.88. The firm’s 50-day moving average is $14.94 and its 200-day moving average is $14.38. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.26 and a current ratio of 1.10. The company has a market cap of $3.50 billion, a P/E ratio of 86.48, a PEG ratio of 3.09 and a beta of 0.63.

Analysts Set New Price Targets

Several research firms recently issued reports on GEO. 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 report on Friday, November 8th. 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 lifted their price target on The GEO Group from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Noble Financial downgraded The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday.

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.