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

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

The GEO Group Trading Down 0.6 %

NYSE:GEO traded down $0.18 during trading hours 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 52 week low of $9.77 and a 52 week 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 stock has a 50-day moving average price of $18.79 and a 200 day moving average price of $15.62.

Institutional Investors Weigh In On The GEO Group

A number of large investors have recently modified their holdings of GEO. State Street Corp lifted its stake in shares of The GEO Group by 1.4% in the 3rd quarter. State Street Corp now owns 4,919,298 shares of the real estate investment trust’s stock valued at $63,213,000 after purchasing an additional 66,658 shares during the period. Geode Capital Management LLC lifted its position in The GEO Group by 3.3% during 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 buying an additional 97,452 shares during the period. Philosophy Capital Management LLC lifted its position in The GEO Group by 17.1% during the third quarter. Philosophy Capital Management LLC now owns 1,644,005 shares of the real estate investment trust’s stock valued at $21,125,000 after buying an additional 240,251 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of The GEO Group by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,114,771 shares of the real estate investment trust’s stock valued at $16,008,000 after buying an additional 49,134 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of The GEO Group by 131.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,037,881 shares of the real estate investment trust’s stock worth $14,904,000 after buying an additional 590,099 shares during the period. Institutional investors own 76.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on GEO shares. StockNews.com lowered shares of The GEO Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Wedbush upped their price objective on shares of The GEO Group from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Noble Financial lowered shares of The GEO Group from an “outperform” rating to a “market perform” rating in a report on Monday, November 11th. Finally, Northland Securities boosted their price target on The GEO Group from $16.00 to $37.00 and gave the company an “outperform” rating in a report 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.