Barclays PLC Acquires 170,839 Shares of The GEO Group, Inc. (NYSE:GEO)

Barclays PLC increased its holdings in The GEO Group, Inc. (NYSE:GEO) by 374.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 216,447 shares of the real estate investment trust’s stock after purchasing an additional 170,839 shares during the quarter. Barclays PLC owned approximately 0.15% of The GEO Group worth $2,781,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in The GEO Group during the 3rd quarter worth about $25,000. Sound Income Strategies LLC lifted its stake in shares of 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 worth $41,000 after acquiring an additional 2,625 shares during the period. Morse Asset Management Inc acquired a new position in shares of The GEO Group in the third quarter worth approximately $67,000. Quarry LP bought a new stake in The GEO Group in the third quarter valued at approximately $77,000. Finally, GAMMA Investing LLC increased its position in The GEO Group by 38.5% during the 3rd quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 1,910 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Noble Financial lowered shares of The GEO Group from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Wedbush reaffirmed an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th. Finally, Northland Securities lifted their price objective on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

The GEO Group Stock Up 0.4 %

Shares of NYSE GEO opened at $28.12 on Wednesday. The GEO Group, Inc. has a 12-month low of $10.46 and a 12-month high of $29.86. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The firm has a market cap of $3.93 billion, a PE ratio of 96.97, a P/E/G ratio of 3.32 and a beta of 0.88. The company’s fifty day simple moving average is $23.71 and its 200 day simple moving average is $17.29.

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.