Pentwater Capital Management Adds $106M in The GEO Group, Inc. ($GEO)
Key Points
- Pentwater Capital Management changed its The GEO Group, Inc. ($GEO) stake by 63.6% last quarter, boosting to 9,565,000 shares worth $272.03 million.
- Wall Street's consensus rating on $GEO is Strong Buy and an average price target of $29.50.
- $GEO last traded around $28.44.
Pentwater Capital Management increased its position in The GEO Group, Inc. ($GEO) by 63.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,565,000 shares of The GEO Group, Inc. after buying 3,717,300 shares during the quarter. Pentwater Capital Management's holdings in The GEO Group, Inc. were worth $272.03 million as of its most recent filing.
The GEO Group, Inc. ($GEO) Stock
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About The GEO Group, Inc.
The GEO Group, Inc. is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom. GEO's diversified services include enhanced in-custody rehabilitation and post-release support through the award-winning GEO Continuum of Care, secure transportation, electronic monitoring, community-based programs, and correctional health and mental health care. GEO's worldwide operations include the ownership and/or delivery of support services for 95 facilities totaling approximately 75,000 beds, including idle facilities and projects under development, with a workforce of up to approximately 20,000 employees. The GEO Group, Inc. was incorporated in 1984 and is based in Boca Raton, United States.
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