Investors Purchase Large Volume of The GEO Group Call Options (NYSE:GEO)

The GEO Group, Inc. (NYSE:GEO) was the target of unusually large options trading on Monday. Investors purchased 24,225 call options on the stock. This represents an increase of 194% compared to the average daily volume of 8,235 call options.

Insider Buying and Selling

In other news, Chairman George C. Zoley bought 100,000 shares of the stock in a transaction on Monday, August 12th. The shares were purchased at an average price of $12.33 per share, for a total transaction of $1,233,000.00. Following the completion of the purchase, the chairman now directly owns 3,900,904 shares of the company’s stock, valued at $48,098,146.32. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On The GEO Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC lifted its position in shares of 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 purchasing an additional 2,625 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of The GEO Group by 38.5% during the third quarter. GAMMA Investing LLC now owns 6,874 shares of the real estate investment trust’s stock worth $88,000 after buying an additional 1,910 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of The GEO Group by 62.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,245 shares of the real estate investment trust’s stock valued at $90,000 after acquiring an additional 2,393 shares during the period. nVerses Capital LLC acquired a new stake in shares of The GEO Group in the third quarter worth $121,000. Finally, Innealta Capital LLC bought a new position in The GEO Group during the second quarter worth $140,000. 76.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on GEO shares. Wedbush restated an “outperform” rating and set a $17.00 price target on shares of The GEO Group in a report on Thursday, September 19th. StockNews.com cut The GEO Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th.

The GEO Group Trading Up 6.7 %

Shares of GEO stock opened at $15.13 on Wednesday. The GEO Group has a 12 month low of $8.33 and a 12 month high of $18.05. The company has a market cap of $2.11 billion, a PE ratio of 57.93, a price-to-earnings-growth ratio of 1.59 and a beta of 0.63. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.36. The business’s 50 day moving average is $13.81 and its two-hundred day moving average is $14.04.

The GEO Group (NYSE:GEO) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The firm had revenue of $607.19 million during the quarter, compared to analyst estimates of $606.16 million. The GEO Group had a net margin of 1.92% and a return on equity of 8.87%. During the same quarter in the previous year, the business posted $0.24 earnings per share. Equities analysts predict that The GEO Group will post 0.91 EPS for the current year.

The GEO Group Company Profile

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.