Rothschild Investment LLC Increases Stock Holdings in The GEO Group, Inc. (NYSE:GEO)

Rothschild Investment LLC lifted its position in The GEO Group, Inc. (NYSE:GEO) by 6,800.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,140 shares of the real estate investment trust’s stock after purchasing an additional 4,080 shares during the quarter. Rothschild Investment LLC’s holdings in The GEO Group were worth $116,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Allianz Asset Management GmbH lifted its position in shares of The GEO Group by 5.8% during the fourth quarter. Allianz Asset Management GmbH now owns 1,491,209 shares of the real estate investment trust’s stock worth $41,724,000 after purchasing an additional 82,341 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in The GEO Group by 20.0% during the fourth quarter. Handelsbanken Fonder AB now owns 27,600 shares of the real estate investment trust’s stock worth $772,000 after purchasing an additional 4,600 shares in the last quarter. Pinnbrook Capital Management LP acquired a new stake in The GEO Group during the fourth quarter worth approximately $4,837,000. Truist Financial Corp acquired a new stake in The GEO Group during the fourth quarter worth approximately $215,000. Finally, Principal Financial Group Inc. grew its position in shares of The GEO Group by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 659,453 shares of the real estate investment trust’s stock worth $18,451,000 after acquiring an additional 19,060 shares during the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

The GEO Group Stock Up 0.8 %

NYSE GEO opened at $25.86 on Wednesday. The business has a 50 day moving average price of $29.44 and a two-hundred day moving average price of $22.13. The GEO Group, Inc. has a fifty-two week low of $11.50 and a fifty-two week high of $36.46. The stock has a market cap of $3.62 billion, a PE ratio of 89.16, a P/E/G ratio of 2.11 and a beta of 0.87. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Noble Financial lowered shares of The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Northland Securities lifted their price target on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Wedbush reaffirmed 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.