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

GAMMA Investing LLC increased its stake in The GEO Group, Inc. (NYSE:GEO) by 18.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,155 shares of the real estate investment trust’s stock after purchasing an additional 1,281 shares during the period. GAMMA Investing LLC’s holdings in The GEO Group were worth $228,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. increased its holdings in The GEO Group by 3.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 201,150 shares of the real estate investment trust’s stock valued at $2,607,000 after buying an additional 6,850 shares during the period. Tidal Investments LLC boosted its position in shares of The GEO Group by 27.9% during the 3rd quarter. Tidal Investments LLC now owns 22,000 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 4,800 shares in the last quarter. Geode Capital Management LLC increased its stake in The GEO Group by 3.3% in the third quarter. Geode Capital Management LLC now owns 3,016,103 shares of the real estate investment trust’s stock valued at $38,765,000 after acquiring an additional 97,452 shares during the last quarter. Barclays PLC raised its position in The GEO Group by 374.6% during the third quarter. Barclays PLC now owns 216,447 shares of the real estate investment trust’s stock valued at $2,781,000 after purchasing an additional 170,839 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its stake in The GEO Group by 206.4% during the third quarter. Y Intercept Hong Kong Ltd now owns 47,377 shares of the real estate investment trust’s stock worth $609,000 after purchasing an additional 31,913 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

The GEO Group Stock Performance

NYSE:GEO opened at $28.67 on Wednesday. The stock’s 50-day moving average is $26.28 and its 200-day moving average is $18.37. The GEO Group, Inc. has a 1-year low of $10.46 and a 1-year high of $29.86. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25. The stock has a market cap of $4.01 billion, a P/E ratio of 98.87, a price-to-earnings-growth ratio of 3.32 and a beta of 0.87.

Analysts Set New Price Targets

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

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.