The GEO Group, Inc. (NYSE:GEO) Short Interest Up 59.7% in November

The GEO Group, Inc. (NYSE:GEO) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 8,800,000 shares, a growth of 59.7% from the October 31st total of 5,510,000 shares. Based on an average trading volume of 3,100,000 shares, the days-to-cover ratio is currently 2.8 days.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Noble Financial cut The GEO Group from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Wedbush upped their price target on The GEO Group from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. StockNews.com lowered shares of The GEO Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Northland Securities upped 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.

The GEO Group Stock Down 0.6 %

Shares of NYSE GEO traded down $0.18 during mid-day trading on Friday, hitting $28.51. The company had a trading volume of 1,434,236 shares, compared to its average volume of 5,685,453. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.10 and a quick ratio of 1.10. The GEO Group has a 1-year low of $9.77 and a 1-year high of $29.57. The company has a market capitalization of $3.99 billion, a PE ratio of 98.31, a price-to-earnings-growth ratio of 3.45 and a beta of 0.63. The business’s 50-day simple moving average is $18.79 and its 200 day simple moving average is $15.62.

Institutional Investors Weigh In On The GEO Group

A number of hedge funds have recently modified their holdings of GEO. Tidal Investments LLC boosted its stake in The GEO Group by 27.9% during the third quarter. Tidal Investments LLC now owns 22,000 shares of the real estate investment trust’s stock worth $283,000 after acquiring an additional 4,800 shares in the last quarter. Geode Capital Management LLC increased its stake in The GEO Group by 3.3% in the third quarter. Geode Capital Management LLC now owns 3,016,103 shares of the real estate investment trust’s stock valued at $38,765,000 after purchasing an additional 97,452 shares during the last quarter. Barclays PLC lifted its holdings in The GEO Group by 374.6% during the 3rd quarter. Barclays PLC now owns 216,447 shares of the real estate investment trust’s stock worth $2,781,000 after buying an additional 170,839 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of The GEO Group by 206.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 47,377 shares of the real estate investment trust’s stock worth $609,000 after buying an additional 31,913 shares during the period. Finally, Hodges Capital Management Inc. grew its position in The GEO Group by 1,501.6% during the 3rd quarter. Hodges Capital Management Inc. now owns 788,800 shares of the real estate investment trust’s stock worth $10,136,000 after acquiring an additional 739,550 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

About The GEO Group

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.