Barclays PLC lowered its position in shares of The GEO Group Inc (NYSE:GEO) by 8.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 189,403 shares of the real estate investment trust’s stock after selling 18,066 shares during the period. Barclays PLC’s holdings in The GEO Group were worth $3,284,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Redhawk Wealth Advisors Inc. bought a new stake in shares of The GEO Group in the 2nd quarter valued at about $28,000. Point72 Asset Management L.P. bought a new stake in shares of The GEO Group in the 3rd quarter valued at about $38,000. Marshall Wace North America L.P. bought a new stake in shares of The GEO Group in the 1st quarter valued at about $71,000. US Bancorp DE lifted its stake in shares of The GEO Group by 10.6% in the 2nd quarter. US Bancorp DE now owns 6,924 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 664 shares during the last quarter. Finally, Parallax Volatility Advisers L.P. lifted its stake in shares of The GEO Group by 111.0% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 9,241 shares of the real estate investment trust’s stock valued at $194,000 after acquiring an additional 93,558 shares during the last quarter. 86.19% of the stock is owned by hedge funds and other institutional investors.

Separately, ValuEngine raised The GEO Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The GEO Group presently has a consensus rating of “Buy” and a consensus target price of $25.00.

Shares of NYSE:GEO opened at $13.68 on Tuesday. The GEO Group Inc has a 1 year low of $13.68 and a 1 year high of $24.03. The company has a market cap of $1.68 billion, a PE ratio of 5.54 and a beta of 1.05. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.27 and a quick ratio of 1.27. The stock’s 50-day moving average is $15.02 and its 200 day moving average is $18.06.

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.

Read More: How to calculate the annual rate of depreciation

Want to see what other hedge funds are holding GEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The GEO Group Inc (NYSE:GEO).

Institutional Ownership by Quarter for The GEO Group (NYSE:GEO)

Receive News & Ratings for The GEO Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The GEO Group and related companies with MarketBeat.com's FREE daily email newsletter.