The GEO Group, Inc. (NYSE:GEO) Sees Significant Growth in Short Interest

The GEO Group, Inc. (NYSE:GEO) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 10,600,000 shares, an increase of 20.5% from the November 15th total of 8,800,000 shares. Based on an average trading volume of 3,270,000 shares, the days-to-cover ratio is presently 3.2 days.

The GEO Group Stock Down 1.3 %

NYSE:GEO opened at $27.41 on Monday. The GEO Group has a 52 week low of $10.13 and a 52 week high of $29.86. The stock’s fifty day moving average is $21.82 and its two-hundred day moving average is $16.64. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 94.52, a price-to-earnings-growth ratio of 3.32 and a beta of 0.88. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GEO. Noble Financial lowered The GEO Group from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Northland Securities upped their target price 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. Finally, Wedbush lifted their price target 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.

Institutional Investors Weigh In On The GEO Group

Institutional investors and hedge funds have recently modified their holdings of the company. Arizona State Retirement System grew its position in The GEO Group by 2.5% in the 2nd quarter. Arizona State Retirement System now owns 35,525 shares of the real estate investment trust’s stock valued at $510,000 after acquiring an additional 862 shares in the last quarter. Creative Planning boosted its stake in shares of The GEO Group by 9.0% in the third quarter. Creative Planning now owns 11,096 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 919 shares during the period. SummerHaven Investment Management LLC grew its holdings in shares of The GEO Group by 1.1% in the second quarter. SummerHaven Investment Management LLC now owns 100,735 shares of the real estate investment trust’s stock valued at $1,447,000 after purchasing an additional 1,098 shares in the last quarter. GAMMA Investing LLC increased its stake 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 buying an additional 1,910 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in The GEO Group during the 3rd quarter worth approximately $25,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

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.