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

Allianz Asset Management GmbH boosted its holdings in The GEO Group, Inc. (NYSE:GEO) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,491,209 shares of the real estate investment trust’s stock after buying an additional 82,341 shares during the period. Allianz Asset Management GmbH owned 1.07% of The GEO Group worth $41,724,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in The GEO Group by 1.4% in the 3rd quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust’s stock worth $63,213,000 after buying an additional 66,658 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of The GEO Group by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,016,103 shares of the real estate investment trust’s stock worth $38,765,000 after purchasing an additional 97,452 shares during the period. Philosophy Capital Management LLC raised its holdings in shares of The GEO Group by 17.1% in the 3rd quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust’s stock worth $21,125,000 after purchasing an additional 240,251 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of The GEO Group by 91.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 859,528 shares of the real estate investment trust’s stock worth $24,050,000 after purchasing an additional 411,565 shares during the period. Finally, Hodges Capital Management Inc. raised its holdings in shares of The GEO Group by 1,501.6% in the 3rd quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust’s stock worth $10,136,000 after purchasing an additional 739,550 shares during the period. 76.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GEO. Northland Securities raised 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. Noble Financial downgraded The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Finally, Wedbush reiterated an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th.

The GEO Group Trading Down 5.6 %

NYSE:GEO opened at $25.24 on Friday. The GEO Group, Inc. has a 12-month low of $11.50 and a 12-month high of $36.46. The firm has a market capitalization of $3.53 billion, a P/E ratio of 87.02, a P/E/G ratio of 2.11 and a beta of 0.87. 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 business has a 50 day simple moving average of $29.52 and a 200 day simple moving average of $21.87.

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.