Short Interest in The GEO Group, Inc. (NYSE:GEO) Declines By 7.0%

The GEO Group, Inc. (NYSE:GEO) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 9,970,000 shares, a decrease of 7.0% from the December 15th total of 10,720,000 shares. Based on an average daily volume of 3,470,000 shares, the days-to-cover ratio is presently 2.9 days.

The GEO Group Stock Up 4.2 %

Shares of NYSE:GEO traded up $1.43 on Friday, reaching $35.43. The company had a trading volume of 4,523,994 shares, compared to its average volume of 2,149,831. The GEO Group has a 52-week low of $10.47 and a 52-week high of $35.62. The firm’s 50 day simple moving average is $28.53 and its 200-day simple moving average is $19.37. The firm has a market capitalization of $4.95 billion, a PE ratio of 122.18, a PEG ratio of 2.44 and a beta of 0.87. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.25.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wedbush reiterated an “outperform” rating on shares of The GEO Group in a report on Tuesday, December 17th. Noble Financial lowered shares of The GEO Group from an “outperform” rating to a “market perform” rating in a research note on Monday, November 11th. Finally, Northland Securities raised 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.

Institutional Investors Weigh In On The GEO Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of The GEO Group during the third quarter worth about $25,000. Sound Income Strategies LLC raised its position in shares of The GEO Group by 472.1% in the third quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 2,625 shares during the last quarter. Morse Asset Management Inc purchased a new position in The GEO Group in the 3rd quarter worth approximately $67,000. Quarry LP acquired a new stake in shares of The GEO Group in the third quarter valued at approximately $77,000. Finally, GAMMA Investing LLC raised its holdings in shares of 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. Hedge funds and other institutional investors 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.