The GEO Group, Inc. (NYSE:GEO) Short Interest Update

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

Analyst Upgrades and Downgrades

GEO has been the topic of several research reports. 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. Northland Securities increased their price target on The GEO Group from $16.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Wedbush restated an “outperform” rating on shares of The GEO Group in a research report on Tuesday, December 17th.

The GEO Group Stock Performance

NYSE GEO traded up $1.43 on Monday, hitting $35.43. The stock had a trading volume of 4,523,994 shares, compared to its average volume of 2,149,831. The GEO Group has a one year low of $10.47 and a one year high of $35.62. 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 stock has a market cap of $4.95 billion, a price-to-earnings ratio of 122.18, a P/E/G ratio of 2.44 and a beta of 0.87. The company’s 50-day moving average is $28.53 and its two-hundred day moving average is $19.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in The GEO Group in the 3rd quarter valued at about $25,000. Sound Income Strategies LLC raised its holdings in The GEO Group by 472.1% during the 3rd quarter. Sound Income Strategies LLC now owns 3,181 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 2,625 shares during the period. Morse Asset Management Inc acquired a new stake in shares of The GEO Group during the third quarter valued at approximately $67,000. Quarry LP purchased a new stake in shares of The GEO Group in the 3rd quarter valued at approximately $77,000. Finally, GAMMA Investing LLC boosted its stake in The GEO Group by 38.5% in the 3rd quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 1,910 shares during the period. 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.