The GEO Group, Inc. (NYSE:GEO) Short Interest Up 20.5% in November

The GEO Group, Inc. (NYSE:GEO) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 10,600,000 shares, a growth of 20.5% from the November 15th total of 8,800,000 shares. Based on an average daily trading volume, of 3,270,000 shares, the days-to-cover ratio is presently 3.2 days.

The GEO Group Price Performance

Shares of NYSE:GEO opened at $27.41 on Monday. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 94.52, a PEG ratio of 3.32 and a beta of 0.88. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10. The GEO Group has a 12 month low of $10.13 and a 12 month high of $29.86. The stock’s 50 day moving average price is $21.82 and its 200 day moving average price is $16.64.

Hedge Funds Weigh In On The GEO Group

Several hedge funds have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. grew its stake in shares of The GEO Group by 3.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 201,150 shares of the real estate investment trust’s stock worth $2,607,000 after purchasing an additional 6,850 shares during the last quarter. Tidal Investments LLC grew its position in The GEO Group by 27.9% in the third quarter. Tidal Investments LLC now owns 22,000 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 4,800 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of The GEO Group by 3.3% in the third quarter. Geode Capital Management LLC now owns 3,016,103 shares of the real estate investment trust’s stock valued at $38,765,000 after buying an additional 97,452 shares in the last quarter. Barclays PLC lifted its position in shares of The GEO Group by 374.6% during the 3rd quarter. Barclays PLC now owns 216,447 shares of the real estate investment trust’s stock valued at $2,781,000 after acquiring an additional 170,839 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in shares of The GEO Group by 206.4% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 47,377 shares of the real estate investment trust’s stock worth $609,000 after acquiring an additional 31,913 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GEO has been the subject of several recent analyst reports. Northland Securities upped 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 lifted their target price on The GEO Group from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Noble Financial lowered The GEO Group from an “outperform” rating to a “market perform” rating in a report 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.