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

The GEO Group, Inc. (NYSE:GEO) was the target of a significant growth in short interest in 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 trading volume of 3,270,000 shares, the days-to-cover ratio is presently 3.2 days.

Institutional Trading of The GEO Group

A number of institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC acquired a new position in shares of The GEO Group during the 3rd quarter worth $1,279,000. Versor Investments LP bought a new stake in The GEO Group in the third quarter worth $604,000. BNP Paribas Financial Markets increased its position in The GEO Group by 20.7% during the third quarter. BNP Paribas Financial Markets now owns 273,724 shares of the real estate investment trust’s stock worth $3,517,000 after buying an additional 46,905 shares during the last quarter. Jennison Associates LLC bought a new position in The GEO Group during the third quarter valued at about $630,000. Finally, Quest Partners LLC acquired a new stake in shares of The GEO Group in the third quarter worth about $609,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Noble Financial cut The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Northland Securities raised 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. Finally, 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.

The GEO Group Trading Down 1.3 %

Shares of NYSE:GEO opened at $27.41 on Monday. The firm has a fifty day moving average of $21.82 and a two-hundred day moving average of $16.64. 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 GEO Group has a 12-month low of $10.13 and a 12-month high of $29.86. The firm has a market capitalization of $3.83 billion, a P/E ratio of 94.52, a price-to-earnings-growth ratio of 3.32 and a beta of 0.88.

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.