The GEO Group, Inc. (NYSE:GEO) Short Interest Down 7.0% in December

The GEO Group, Inc. (NYSE:GEO) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 9,970,000 shares, a decline of 7.0% from the December 15th total of 10,720,000 shares. Based on an average daily trading volume, of 3,470,000 shares, the short-interest ratio is currently 2.9 days.

The GEO Group Stock Up 4.2 %

NYSE:GEO traded up $1.43 during mid-day trading on Friday, hitting $35.43. The stock had a trading volume of 4,523,994 shares, compared to its average volume of 2,149,831. The GEO Group has a twelve month low of $10.47 and a twelve month high of $35.62. The stock has a 50-day simple moving average of $28.53 and a two-hundred day simple moving average of $19.37. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $4.95 billion, a PE ratio of 122.18, a PEG ratio of 2.44 and a beta of 0.87.

Institutional Investors Weigh In On The GEO Group

A number of hedge funds and other institutional investors have recently modified their holdings of GEO. State Street Corp raised its position in shares of The GEO Group by 1.4% during 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 acquiring an additional 66,658 shares in the last quarter. Geode Capital Management LLC raised its holdings in The GEO Group by 3.3% during the third 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 in the last quarter. Philosophy Capital Management LLC lifted its position in shares of The GEO Group by 17.1% during 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 buying an additional 240,251 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of The GEO Group by 91.9% during 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 buying an additional 411,565 shares during the last quarter. Finally, Hodges Capital Management Inc. grew its position 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 valued at $10,136,000 after buying an additional 739,550 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GEO has been the subject of several research reports. Wedbush reiterated an “outperform” rating on shares of The GEO Group in a report on Tuesday, December 17th. Noble Financial downgraded 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 lifted their target price on The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

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.