The GEO Group, Inc. (NYSE:GEO) Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its stake in shares of The GEO Group, Inc. (NYSE:GEO) by 5.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,491,209 shares of the real estate investment trust’s stock after purchasing an additional 82,341 shares during the quarter. Allianz Asset Management GmbH’s holdings in The GEO Group were worth $41,724,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Handelsbanken Fonder AB raised its stake in The GEO Group by 20.0% during the 4th quarter. Handelsbanken Fonder AB now owns 27,600 shares of the real estate investment trust’s stock valued at $772,000 after acquiring an additional 4,600 shares in the last quarter. Pinnbrook Capital Management LP bought a new stake in The GEO Group during the 4th quarter valued at $4,837,000. Truist Financial Corp bought a new stake in The GEO Group during the 4th quarter valued at $215,000. Principal Financial Group Inc. raised its stake in The GEO Group by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 659,453 shares of the real estate investment trust’s stock valued at $18,451,000 after acquiring an additional 19,060 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in The GEO Group during the 4th quarter valued at $2,068,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

The GEO Group Stock Down 5.6 %

GEO opened at $25.24 on Friday. The GEO Group, Inc. has a one year low of $11.50 and a one year high of $36.46. 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 stock’s fifty day moving average is $29.52 and its 200-day moving average is $21.87. The company has a market capitalization of $3.53 billion, a PE ratio of 87.02, a P/E/G ratio of 2.11 and a beta of 0.87.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on GEO shares. Wedbush reaffirmed an “outperform” rating on shares of The GEO Group in a research note on Tuesday, December 17th. Noble Financial downgraded The GEO Group from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Finally, Northland Securities boosted their price objective 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.

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.