J.W. Cole Advisors Inc. Makes New Investment in The GEO Group, Inc. (NYSE:GEO)

J.W. Cole Advisors Inc. purchased a new stake in The GEO Group, Inc. (NYSE:GEO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,860 shares of the real estate investment trust’s stock, valued at approximately $304,000.

Other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC bought a new position in shares of The GEO Group in the third quarter worth $1,279,000. Versor Investments LP bought a new stake in shares of The GEO Group during the third quarter valued at about $604,000. Nisa Investment Advisors LLC lifted its holdings in shares of The GEO Group by 91.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust’s stock worth $24,050,000 after buying an additional 411,565 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of The GEO Group by 20.7% in the third quarter. BNP Paribas Financial Markets now owns 273,724 shares of the real estate investment trust’s stock valued at $3,517,000 after acquiring an additional 46,905 shares during the period. Finally, Jennison Associates LLC purchased a new position in The GEO Group during the third quarter valued at approximately $630,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on GEO shares. Wedbush reissued an “outperform” rating on shares of The GEO Group in a report on Tuesday, December 17th. Northland Securities upped their price objective on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Noble Financial cut The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th.

The GEO Group Trading Down 4.0 %

NYSE GEO opened at $26.64 on Friday. The firm has a market cap of $3.72 billion, a PE ratio of 91.85, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The GEO Group, Inc. has a 1-year low of $11.50 and a 1-year high of $36.46. The stock has a 50-day moving average of $29.56 and a 200-day moving average of $21.72. 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 GEO Group Company 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.