The GEO Group, Inc. (NYSE:GEO) Short Interest Update

The GEO Group, Inc. (NYSE:GEO) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 8,800,000 shares, a growth of 59.7% from the October 31st total of 5,510,000 shares. Based on an average trading volume of 3,100,000 shares, the short-interest ratio is currently 2.8 days.

The GEO Group Stock Performance

NYSE:GEO opened at $28.69 on Friday. The company has a market cap of $4.01 billion, a P/E ratio of 98.93, a P/E/G ratio of 3.47 and a beta of 0.63. The GEO Group has a twelve month low of $9.77 and a twelve month high of $29.57. The company’s 50-day moving average price is $18.14 and its 200-day moving average price is $15.40. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wedbush lifted their target price on shares of The GEO Group from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Noble Financial lowered The GEO Group from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. StockNews.com cut The GEO Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Northland Securities lifted 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC increased its holdings in shares of The GEO Group by 27.9% in the third quarter. Tidal Investments LLC now owns 22,000 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 4,800 shares during the last quarter. Geode Capital Management LLC grew its holdings in 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 valued at $38,765,000 after buying an additional 97,452 shares in the last quarter. Barclays PLC increased its stake in shares of The GEO Group by 374.6% in the 3rd quarter. Barclays PLC now owns 216,447 shares of the real estate investment trust’s stock worth $2,781,000 after acquiring an additional 170,839 shares during the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of The GEO Group by 206.4% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 47,377 shares of the real estate investment trust’s stock worth $609,000 after acquiring an additional 31,913 shares during the period. Finally, Hodges Capital Management Inc. boosted its position in shares of The GEO Group by 1,501.6% during the 3rd quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust’s stock valued at $10,136,000 after acquiring an additional 739,550 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

About The GEO Group

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.