Geode Capital Management LLC Grows Stake in The GEO Group, Inc. (NYSE:GEO)

Geode Capital Management LLC grew its holdings in shares of The GEO Group, Inc. (NYSE:GEO) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,016,103 shares of the real estate investment trust’s stock after purchasing an additional 97,452 shares during the period. Geode Capital Management LLC owned approximately 2.16% of The GEO Group worth $38,765,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GEO. Point72 Asset Management L.P. increased its position in The GEO Group by 363.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 702,107 shares of the real estate investment trust’s stock valued at $9,022,000 after buying an additional 968,601 shares in the last quarter. Hodges Capital Management Inc. raised its position in shares of The GEO Group by 1,501.6% in the 3rd quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust’s stock valued at $10,136,000 after purchasing an additional 739,550 shares during the last quarter. Great Lakes Advisors LLC boosted its stake in 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 worth $4,488,000 after purchasing an additional 296,090 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in The GEO Group during the 2nd quarter valued at approximately $3,906,000. Finally, Philosophy Capital Management LLC raised its holdings in shares of The GEO Group by 17.1% in the third quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust’s stock worth $21,125,000 after buying an additional 240,251 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

The GEO Group Price Performance

NYSE:GEO opened at $28.12 on Wednesday. The firm’s fifty day moving average is $23.71 and its two-hundred day moving average is $17.29. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 96.97, a PEG ratio of 3.32 and a beta of 0.88. 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 GEO Group, Inc. has a one year low of $10.46 and a one year high of $29.86.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Northland Securities upped their target price on The GEO Group from $16.00 to $37.00 and gave the company 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 note on Tuesday, December 17th. Finally, Noble Financial lowered The GEO Group from an “outperform” rating to a “market perform” rating in a research 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.