B. Riley Wealth Advisors Inc. Boosts Position in The GEO Group, Inc. (NYSE:GEO)

B. Riley Wealth Advisors Inc. grew its holdings in shares of The GEO Group, Inc. (NYSE:GEO) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 201,150 shares of the real estate investment trust’s stock after buying an additional 6,850 shares during the period. B. Riley Wealth Advisors Inc. owned 0.14% of The GEO Group worth $2,607,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in GEO. Point72 Asset Management L.P. boosted its position in shares of The GEO Group by 363.5% during the third quarter. Point72 Asset Management L.P. now owns 702,107 shares of the real estate investment trust’s stock valued at $9,022,000 after purchasing an additional 968,601 shares in the last quarter. Hodges Capital Management Inc. boosted its position in shares of The GEO Group by 1,501.6% during the third quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust’s stock valued at $10,136,000 after purchasing an additional 739,550 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of The GEO Group by 131.8% during the second quarter. Nisa Investment Advisors LLC now owns 1,037,881 shares of the real estate investment trust’s stock valued at $14,904,000 after purchasing an additional 590,099 shares in the last quarter. Great Lakes Advisors LLC boosted its position in shares of The GEO Group by 1,803.4% during the second quarter. Great Lakes Advisors LLC now owns 312,508 shares of the real estate investment trust’s stock valued at $4,488,000 after purchasing an additional 296,090 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in shares of The GEO Group during the second quarter valued at approximately $3,906,000. 76.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GEO shares. Northland Securities lifted their price target 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. Noble Financial downgraded The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Finally, Wedbush increased their target price on The GEO Group from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

The GEO Group Trading Down 1.3 %

NYSE GEO opened at $27.41 on Monday. The GEO Group, Inc. has a 12 month low of $10.13 and a 12 month high of $29.86. The stock has a market cap of $3.83 billion, a P/E ratio of 94.52, a P/E/G ratio of 3.32 and a beta of 0.88. The stock’s fifty day moving average price is $21.82 and its 200-day moving average price is $16.64. 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 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.