Chesapeake Capital Corp IL Raises Holdings in The GEO Group, Inc. (NYSE:GEO)

Chesapeake Capital Corp IL grew its position in shares of The GEO Group, Inc. (NYSE:GEO) by 27.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,000 shares of the real estate investment trust’s stock after purchasing an additional 4,800 shares during the quarter. Chesapeake Capital Corp IL’s holdings in The GEO Group were worth $280,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its holdings 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 worth $14,904,000 after buying an additional 590,099 shares during the last quarter. Center Lake Capital Management LLC grew its holdings in shares of 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 buying an additional 500,000 shares during the last quarter. Beaconlight Capital LLC purchased a new position in shares of The GEO Group during the first quarter worth about $5,754,000. Great Lakes Advisors LLC grew its holdings 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 worth $4,488,000 after buying an additional 296,090 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new position in shares of The GEO Group during the second quarter worth about $3,906,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

The GEO Group Price Performance

Shares of NYSE:GEO opened at $26.60 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The company has a market cap of $3.72 billion, a P/E ratio of 91.73, a PEG ratio of 3.22 and a beta of 0.63. The GEO Group, Inc. has a 52 week low of $9.34 and a 52 week high of $27.88. The company has a 50-day moving average price of $15.72 and a 200 day moving average price of $14.62.

Analyst Ratings Changes

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

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.