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

Pekin Hardy Strauss Inc. grew its position in shares of The GEO Group, Inc. (NYSE:GEO) by 65.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,200 shares of the real estate investment trust’s stock after purchasing 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 hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its position in shares of The GEO Group by 472.1% during the third quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 2,625 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in The GEO Group by 62.1% during 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 acquiring an additional 2,393 shares during the period. GAMMA Investing LLC grew its holdings in 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 during the period. nVerses Capital LLC bought a new position in shares of The GEO Group in the 3rd quarter worth about $121,000. Finally, Innealta Capital LLC acquired a new position in shares of The GEO Group in the 2nd quarter valued at about $140,000. Institutional investors own 76.10% of the company’s stock.

The GEO Group Stock Down 0.2 %

Shares of NYSE:GEO opened at $28.68 on Monday. 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 GEO Group, Inc. has a 52-week low of $9.74 and a 52-week high of $29.57. The business’s 50 day simple moving average is $17.22 and its two-hundred day simple moving average is $15.10. The firm has a market cap of $4.01 billion, a P/E ratio of 98.90, a PEG ratio of 3.47 and a beta of 0.63.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GEO shares. Noble Financial cut The GEO Group from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. StockNews.com downgraded shares of The GEO Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Wedbush boosted their target price 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, Northland Securities raised their price target on shares of The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

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.