Nations Financial Group Inc. IA ADV Invests $4.77 Million in The GEO Group, Inc. (NYSE:GEO)

Nations Financial Group Inc. IA ADV bought a new stake in The GEO Group, Inc. (NYSE:GEO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 170,489 shares of the real estate investment trust’s stock, valued at approximately $4,770,000.

Other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in The GEO Group in the third quarter valued at approximately $25,000. Morse Asset Management Inc acquired a new position in The GEO Group during the third quarter valued at approximately $67,000. Quarry LP acquired a new position in The GEO Group during the third quarter valued at approximately $77,000. nVerses Capital LLC acquired a new position in The GEO Group during the third quarter valued at approximately $121,000. Finally, HighTower Advisors LLC acquired a new position in The GEO Group during the third quarter valued at approximately $141,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

The GEO Group Trading Down 1.8 %

NYSE GEO opened at $27.18 on Friday. The company’s fifty day simple moving average is $29.62 and its 200-day simple moving average is $21.35. The GEO Group, Inc. has a 52 week low of $11.10 and a 52 week high of $36.46. 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 stock has a market cap of $3.80 billion, a P/E ratio of 93.74, a PEG ratio of 2.17 and a beta of 0.87.

Analysts Set New Price Targets

A number of brokerages have weighed in on GEO. Noble Financial cut shares of The GEO Group from an “outperform” rating to a “market perform” rating in a research report on Monday, November 11th. Wedbush reaffirmed an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th. Finally, Northland Securities lifted their price target on shares of The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a research 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.