Quarry LP Acquires Shares of 5,972 The GEO Group, Inc. (NYSE:GEO)

Quarry LP acquired a new stake in shares of The GEO Group, Inc. (NYSE:GEO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,972 shares of the real estate investment trust’s stock, valued at approximately $77,000.

Other large investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in The GEO Group during the third quarter valued at $25,000. Sound Income Strategies LLC raised its stake in The GEO Group by 472.1% during the third quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 2,625 shares during the last quarter. Morse Asset Management Inc purchased a new position in The GEO Group during the third quarter valued at $67,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of The GEO Group by 62.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 2,393 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of The GEO Group by 38.5% in the third quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 1,910 shares during the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

The GEO Group Stock Down 2.4 %

GEO stock opened at $28.42 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10. The GEO Group, Inc. has a 1-year low of $9.88 and a 1-year high of $29.86. The stock has a market capitalization of $3.97 billion, a P/E ratio of 98.00, a P/E/G ratio of 3.44 and a beta of 0.88. The business has a fifty day moving average price of $20.34 and a 200-day moving average price of $16.15.

Analyst Ratings Changes

Several research firms have recently weighed in on GEO. Wedbush boosted their price target on The GEO Group from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. 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 research note on Friday, November 8th. Finally, Noble Financial cut The GEO Group from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th.

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.