Kore Advisors LP Raises Stake in The GEO Group, Inc. (NYSE:GEO)

Kore Advisors LP raised its holdings in shares of The GEO Group, Inc. (NYSE:GEO) by 8.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 555,950 shares of the real estate investment trust’s stock after purchasing an additional 44,800 shares during the period. The GEO Group accounts for about 2.1% of Kore Advisors LP’s portfolio, making the stock its 4th largest position. Kore Advisors LP owned 0.40% of The GEO Group worth $7,144,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GEO. Sound Income Strategies LLC grew its stake in The GEO Group by 472.1% in the third quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 2,625 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of The GEO Group by 62.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust’s stock worth $90,000 after buying an additional 2,393 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of The GEO Group by 38.5% during the 3rd quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock worth $88,000 after acquiring an additional 1,910 shares in the last quarter. nVerses Capital LLC purchased a new stake in The GEO Group during the third quarter valued at approximately $121,000. Finally, Innealta Capital LLC purchased a new stake in The GEO Group during the second quarter valued at approximately $140,000. Institutional investors own 76.10% of the company’s stock.

The GEO Group Price Performance

Shares of GEO opened at $28.51 on Friday. The company’s fifty day moving average price is $18.79 and its 200-day moving average price is $15.60. The GEO Group, Inc. has a 1-year low of $9.77 and a 1-year high of $29.57. The firm has a market capitalization of $3.99 billion, a PE ratio of 98.31, a price-to-earnings-growth ratio of 3.45 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.

Analyst Upgrades and Downgrades

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

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.