Quest Partners LLC Makes New $609,000 Investment in The GEO Group, Inc. (NYSE:GEO)

Quest Partners LLC purchased a new stake in The GEO Group, Inc. (NYSE:GEO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 47,380 shares of the real estate investment trust’s stock, valued at approximately $609,000.

A number of other institutional investors and hedge funds have also modified their holdings of GEO. Sound Income Strategies LLC grew its stake in The GEO Group by 472.1% in the 3rd quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 2,625 shares during the last quarter. GAMMA Investing LLC grew its position in shares of The GEO Group by 38.5% in the third quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 1,910 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of The GEO Group by 62.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 2,393 shares during the period. nVerses Capital LLC acquired a new position in shares of The GEO Group during the 3rd quarter worth about $121,000. Finally, Innealta Capital LLC bought a new stake in The GEO Group during the 2nd quarter valued at approximately $140,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.

The GEO Group Stock Down 0.2 %

GEO opened at $28.68 on Friday. The company has a market capitalization of $4.01 billion, a P/E ratio of 98.88, a P/E/G ratio of 3.44 and a beta of 0.63. 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 firm’s fifty day moving average price is $17.22 and its two-hundred day moving average price is $15.08. The GEO Group, Inc. has a fifty-two week low of $9.74 and a fifty-two week high of $29.57.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com lowered The GEO Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Wedbush increased their price target on shares of The GEO Group from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Northland Securities boosted their price objective on shares of 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 shares of The GEO Group from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th.

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.