B. Riley Wealth Advisors Inc. Grows Position in The GEO Group, Inc. (NYSE:GEO)

B. Riley Wealth Advisors Inc. lifted its holdings in shares of The GEO Group, Inc. (NYSE:GEO) by 3.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 201,150 shares of the real estate investment trust’s stock after acquiring an additional 6,850 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in The GEO Group were worth $2,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of GEO. Intech Investment Management LLC bought a new position in The GEO Group in the third quarter valued at about $1,279,000. Versor Investments LP bought a new position in The GEO Group in the third quarter valued at about $604,000. BNP Paribas Financial Markets lifted its holdings in The GEO Group by 20.7% in the third quarter. BNP Paribas Financial Markets now owns 273,724 shares of the real estate investment trust’s stock valued at $3,517,000 after acquiring an additional 46,905 shares during the period. Jennison Associates LLC bought a new position in The GEO Group in the third quarter valued at about $630,000. Finally, Quest Partners LLC bought a new position in The GEO Group in the third quarter valued at about $609,000. 76.10% of the stock is owned by hedge funds and other institutional investors.

The GEO Group Stock Down 1.3 %

NYSE GEO opened at $27.41 on Monday. The stock’s 50-day moving average price is $21.82 and its 200-day moving average price is $16.64. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.25. The GEO Group, Inc. has a 52 week low of $10.13 and a 52 week high of $29.86. The company has a market capitalization of $3.83 billion, a P/E ratio of 94.52, a price-to-earnings-growth ratio of 3.32 and a beta of 0.88.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GEO. Noble Financial downgraded The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Wedbush increased their target price on The GEO Group from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Northland Securities raised their price objective on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

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.