Pekin Hardy Strauss Inc. Buys 15,100 Shares of The GEO Group, Inc. (NYSE:GEO)

Pekin Hardy Strauss Inc. lifted its position in The GEO Group, Inc. (NYSE:GEO) by 65.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 38,200 shares of the real estate investment trust’s stock after acquiring an additional 15,100 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in The GEO Group were worth $491,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in shares of The GEO Group by 131.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,037,881 shares of the real estate investment trust’s stock worth $14,904,000 after buying an additional 590,099 shares during the last quarter. Center Lake Capital Management LLC lifted its holdings in The GEO Group by 500.0% during the first quarter. Center Lake Capital Management LLC now owns 600,000 shares of the real estate investment trust’s stock worth $8,472,000 after acquiring an additional 500,000 shares during the period. Great Lakes Advisors LLC boosted its position in The GEO Group by 1,803.4% in the second quarter. Great Lakes Advisors LLC now owns 312,508 shares of the real estate investment trust’s stock worth $4,488,000 after purchasing an additional 296,090 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in The GEO Group in the 2nd quarter valued at $3,906,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of The GEO Group during the 2nd quarter valued at $2,790,000. Institutional investors own 76.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GEO shares. Wedbush boosted their price target on shares of The GEO Group from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. StockNews.com cut shares of The GEO Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Noble Financial lowered shares of The GEO Group from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Finally, Northland Securities upped their price objective on The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 8th.

The GEO Group Trading Down 0.2 %

Shares of The GEO Group stock opened at $28.68 on Monday. The stock has a market capitalization of $4.01 billion, a P/E ratio of 98.90, a P/E/G ratio of 3.47 and a beta of 0.63. The GEO Group, Inc. has a 52-week low of $9.74 and a 52-week high of $29.57. 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 50-day simple moving average is $17.22 and its 200 day simple moving average is $15.10.

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.