The GEO Group, Inc. (NYSE:GEO) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC boosted its position in The GEO Group, Inc. (NYSE:GEO) by 27.9% during the 3rd quarter, Holdings Channel reports. The fund owned 22,000 shares of the real estate investment trust’s stock after acquiring an additional 4,800 shares during the quarter. Tidal Investments LLC’s holdings in The GEO Group were worth $283,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. increased its position in shares of The GEO Group by 363.5% in 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 purchasing an additional 968,601 shares during the last quarter. Hodges Capital Management Inc. grew its stake in shares of The GEO Group by 1,501.6% during the third quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust’s stock worth $10,136,000 after purchasing an additional 739,550 shares in the last quarter. Great Lakes Advisors LLC grew its stake in shares of The GEO Group by 1,803.4% during the second 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. purchased a new position in The GEO Group in the second quarter valued at $3,906,000. Finally, Philosophy Capital Management LLC raised its stake in 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 valued at $21,125,000 after buying an additional 240,251 shares in the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

Analysts Set New Price Targets

GEO has been the subject of several analyst reports. Wedbush reaffirmed an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th. Noble Financial downgraded The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Finally, Northland Securities raised their price objective on shares of The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

The GEO Group Stock Performance

Shares of GEO stock opened at $28.12 on Wednesday. The stock’s 50-day moving average is $23.71 and its two-hundred day moving average is $17.29. 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 1 year low of $10.46 and a 1 year high of $29.86. 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 GEO Group Profile

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.