Waters Parkerson & CO. LLC Buys Shares of 15,000 The GEO Group, Inc. (NYSE:GEO)

Waters Parkerson & CO. LLC bought a new position in The GEO Group, Inc. (NYSE:GEOFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 15,000 shares of the real estate investment trust’s stock, valued at approximately $123,000.

Other large investors have also recently made changes to their positions in the company. ProShare Advisors LLC raised its holdings in shares of The GEO Group by 8.4% in the second quarter. ProShare Advisors LLC now owns 18,786 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 1,461 shares in the last quarter. Raymond James & Associates lifted its position in shares of The GEO Group by 3.4% in the 1st quarter. Raymond James & Associates now owns 49,560 shares of the real estate investment trust’s stock worth $328,000 after purchasing an additional 1,650 shares during the period. Legal & General Group Plc boosted its stake in shares of The GEO Group by 0.5% during the second quarter. Legal & General Group Plc now owns 356,528 shares of the real estate investment trust’s stock valued at $2,353,000 after purchasing an additional 1,732 shares in the last quarter. Yousif Capital Management LLC increased its holdings in The GEO Group by 1.6% during the first quarter. Yousif Capital Management LLC now owns 111,484 shares of the real estate investment trust’s stock valued at $737,000 after buying an additional 1,750 shares during the period. Finally, AQR Capital Management LLC raised its stake in The GEO Group by 8.7% in the first quarter. AQR Capital Management LLC now owns 22,542 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 1,806 shares in the last quarter. 74.60% of the stock is owned by hedge funds and other institutional investors.

The GEO Group Stock Up 0.4 %

Shares of The GEO Group stock opened at $11.61 on Tuesday. The firm’s 50 day moving average price is $10.96 and its 200-day moving average price is $9.20. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.42. The GEO Group, Inc. has a 52-week low of $6.94 and a 52-week high of $12.42. The company has a market cap of $1.46 billion, a P/E ratio of 13.99, a PEG ratio of 1.06 and a beta of 0.58.

Analyst Ratings Changes

Separately, Wedbush reissued an “outperform” rating and issued a $14.00 price target on shares of The GEO Group in a research report on Tuesday, January 9th.

Get Our Latest Report on GEO

About The GEO Group

(Free Report)

The GEO Group, Inc (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO's diversified services include enhanced in-custody rehabilitation and post-release support through the award-winning GEO Continuum of Care, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care.

See Also

Institutional Ownership by Quarter for The GEO Group (NYSE:GEO)

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