Stock traders buy high volume call options on GEO Group (NYSE:GEO)

GEO Group, Inc. (NYSE:GEO – Get Rating) was the target of unusual options trades on Wednesday. Stock traders acquired 6,219 call options on the company. This represents an increase of approximately 40% from the typical volume of 4,430 call options.

Analyst upgrades and downgrades

Separately, downgraded The GEO Group from a “buy” rating to a “hold” rating in a Friday, October 28 research report.

GEO group down 8.6%

Shares of NYSE:GEO traded down $0.78 midday Wednesday, hitting $8.30. The company had a trading volume of 78,859 shares, compared to its average volume of 1,515,538. GEO Group has a 1-year low of $5.20 and a 1-year high of $9.81 . The company has a market cap of $1.03 billion, a price-to-earnings ratio of 17.21, a growth price-to-earnings ratio of 0.36, and a beta of 0.56. The company has a debt ratio of 1.77, a quick ratio of 2.63 and a current ratio of 1.21. The company has a fifty-day simple moving average of $8.31 and a two-hundred-day simple moving average of $7.37.

Institutional investors weigh on the GEO group

A number of institutional investors have recently bought and sold shares of GEO. Lazard Asset Management LLC acquired a new stake in The GEO Group during Q2 worth approximately $30,000. US Bancorp DE increased its stake in shares of The GEO Group by 85.0% during the 2nd quarter. US Bancorp DE now owns 4,944 shares of the real estate investment trust worth $33,000 after buying 2,272 more shares last quarter. James Investment Research Inc. purchased a new stake in shares of The GEO Group during Q2 worth approximately $34,000. Captrust Financial Advisors purchased a new stake in shares of The GEO Group during Q2 for a value of approximately $44,000. Finally, Delphia USA Inc. acquired a new stake in shares of The GEO Group during the 2nd quarter for a value of approximately $69,000. 84.02% of the shares are currently held by institutional investors and hedge funds.

GEO Group Company Profile

(Get a rating)

The GEO Group, Inc (NYSE:GEO) is a leading diversified government service provider specializing in the design, financing, development and support services for secure facilities, treatment centers and community reintegration centers in the United States, Australia, South Africa, and the United Kingdom. GEO’s diverse services include enhanced in-custody rehabilitation and post-release support through GEO’s award-winning continuum of care, secure transportation, electronic monitoring, community programs, and correctional and mental health care.

Further reading

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider the GEO group, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and GEO Group didn’t make the list.

While The GEO Group currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

Comments are closed.