It Seems The GEO Group Inc Will Go Down. Had Bearish Options Activity

 It Seems The GEO Group Inc Will Go Down. Had Bearish Options Activity

In today’s session The GEO Group Inc (GEO) recorded an unusually high (357) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious GEO decrease. With 357 contracts traded and 6734 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: GEO161216P00025000 closed last at: $0.4 or 0% . About 137,250 shares traded hands. The GEO Group Inc (NYSE:GEO) has declined 5.01% since April 20, 2016 and is downtrending. It has underperformed by 9.57% the S&P500.

The GEO Group Inc (NYSE:GEO) Ratings Coverage

Out of 3 analysts covering The GEO Group (NYSE:GEO), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. The GEO Group has been the topic of 5 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of The GEO Group Inc (NYSE:GEO) has “Buy” rating given on Thursday, September 1 by Suntrust Robinson. On Wednesday, August 24 the stock rating was maintained by Canaccord Genuity with “Buy”. SunTrust maintained the shares of GEO in a report on Thursday, September 1 with “Buy” rating. Canaccord Genuity maintained it with “Buy” rating and $35 target price in Friday, November 11 report. As per Tuesday, August 4, the company rating was maintained by MLV.

According to Zacks Investment Research, “The GEO Group, Inc. is an equity real estate investment trust. It specializes in the design, development, financing and operation of correctional, detention and community reentry facilities. It has operations in the United States, Australia, South Africa, and the United Kingdom. The GEO Group, Inc. is headquartered in Boca Raton, Florida.”

The GEO Group, Inc. is a real estate investment trust . The company has a market cap of $2.43 billion. The Firm specializes in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community services and youth services in the United States, Australia, South Africa and the United Kingdom. It has a 16.67 P/E ratio. The Firm operates in four divisions: U.S.

GEO Company Profile

The GEO Group, Inc., incorporated on July 11, 2013, is a real estate investment trust (REIT). The Firm specializes in the ownership, leasing and management of correctional, detention and re-entry facilities and the provision of community services and youth services in the United States, Australia, South Africa and the United Kingdom. The Firm operates in four divisions: U.S. Corrections & Detention, GEO Care, International Services, and Facility Construction & Design. The Firm owns, leases and operates a range of correctional and detention facilities including maximum, medium and minimum security prisons, immigration detention centers, minimum security detention centers, as well as community based reentry facilities, and offers delivery of offender rehabilitation services under its GEO Continuum of Care platform. The GEO Continuum of Care program integrates in-prison programs, which include cognitive behavioral treatment and post-release services. The GEO Continuum of Care program provides academic and vocational classes to life skills and treatment programs while helping individuals reintegrate into their communities.

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