GAMMA Investing LLC Purchases 1,281 Shares of The GEO Group, Inc. (NYSE:GEO)

GAMMA Investing LLC grew its position in The GEO Group, Inc. (NYSE:GEO) by 18.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,155 shares of the real estate investment trust’s stock after acquiring an additional 1,281 shares during the period. GAMMA Investing LLC’s holdings in The GEO Group were worth $228,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GEO. Rhumbline Advisers increased its position in The GEO Group by 5.1% during the second quarter. Rhumbline Advisers now owns 403,223 shares of the real estate investment trust’s stock worth $5,790,000 after buying an additional 19,523 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of The GEO Group by 112.2% during the 2nd quarter. Victory Capital Management Inc. now owns 174,414 shares of the real estate investment trust’s stock worth $2,505,000 after acquiring an additional 92,210 shares during the last quarter. Arizona State Retirement System raised its stake in The GEO Group by 2.5% in the 2nd quarter. Arizona State Retirement System now owns 35,525 shares of the real estate investment trust’s stock valued at $510,000 after acquiring an additional 862 shares during the period. Great Lakes Advisors LLC lifted its holdings in The GEO Group by 1,803.4% during 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 during the last quarter. Finally, WINTON GROUP Ltd boosted its position in The GEO Group by 100.9% during the second quarter. WINTON GROUP Ltd now owns 140,992 shares of the real estate investment trust’s stock worth $2,025,000 after purchasing an additional 70,795 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GEO shares. Wedbush reissued an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th. Northland Securities increased 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. Finally, Noble Financial cut The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th.

The GEO Group Trading Down 1.4 %

Shares of The GEO Group stock opened at $28.67 on Wednesday. The GEO Group, Inc. has a 52-week low of $10.46 and a 52-week high of $29.86. The stock has a market cap of $4.01 billion, a PE ratio of 98.87, a PEG ratio of 3.32 and a beta of 0.87. The firm has a 50-day moving average of $26.28 and a 200-day moving average of $18.37. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.10 and a current ratio of 1.10.

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.