State of Alaska Department of Revenue grew its holdings in The GEO Group Inc (NYSE:GEO) by 70.9% during the 4th quarter, HoldingsChannel reports. The firm owned 53,618 shares of the real estate investment trust’s stock after purchasing an additional 22,245 shares during the quarter. State of Alaska Department of Revenue’s holdings in The GEO Group were worth $890,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asset Management L.P. bought a new position in shares of The GEO Group in the third quarter worth $38,000. Marshall Wace North America L.P. purchased a new stake in shares of The GEO Group during the first quarter worth about $71,000. US Bancorp DE boosted its holdings in shares of The GEO Group by 10.6% during the second quarter. US Bancorp DE now owns 6,924 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 664 shares during the period. Parallax Volatility Advisers L.P. boosted its holdings in shares of The GEO Group by 111.0% during the second quarter. Parallax Volatility Advisers L.P. now owns 9,241 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 93,558 shares during the period. Finally, Voloridge Investment Management LLC purchased a new stake in shares of The GEO Group during the third quarter worth about $219,000. Institutional investors own 86.19% of the company’s stock.
The GEO Group stock opened at $16.10 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.75. The GEO Group Inc has a 1-year low of $13.28 and a 1-year high of $24.03. The firm has a 50-day moving average of $15.40 and a 200-day moving average of $16.53. The firm has a market cap of $1.98 billion, a P/E ratio of 5.97 and a beta of 1.10.
About The GEO Group
The GEO Group, Inc (NYSE: GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of correctional, detention, and community reentry facilities around the globe. GEO is the world's leading provider of diversified correctional, detention, community reentry, and electronic monitoring services to government agencies worldwide with operations in the United States, Australia, South Africa, and the United Kingdom.
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