CoreCivic
About: CoreCivic Inc is an owner and operator of private prisons and detention centers in the United States. It operates in three segments: Safety, Community, and Properties. The Community segment owns and operates residential reentry centers. The Properties segment owns properties for lease to third parties and government agencies. The vast majority of the company's revenue comes from the CoreCivic Safety segment which consists of correctional and detention facilities that are owned, or controlled via a long-term lease, and managed by the company, as well as those correctional and detention facilities owned by third parties but managed by CoreCivic.
Employees: 11,649
0
Funds holding %
of 7,398 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
165% more call options, than puts
Call options by funds: $65.6M | Put options by funds: $24.8M
150% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 5 (+3) [Q4]
104% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 28
71% more capital invested
Capital invested by funds: $1.23B [Q3] → $2.09B (+$865M) [Q4]
11% more funds holding
Funds holding: 226 [Q3] → 251 (+25) [Q4]
0.63% less ownership
Funds ownership: 87.83% [Q3] → 87.2% (-0.63%) [Q4]
19% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 83
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$28
35%
upside
Avg. target
$28
35%
upside
High target
$28
35%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Jones Trading Jason Weaver 48% 1-year accuracy 16 / 33 met price target | 35%upside $28 | Buy Maintained | 11 Feb 2025 |
Financial journalist opinion
Neutral
GlobeNewsWire
3 weeks ago
CoreCivic Appoints Dawn Smith, Stacey Tank, and Nina Tran to Its Board of Directors
BRENTWOOD, Tenn., March 07, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (CoreCivic or the Company) announced today that, effective March 17, 2025, Dawn Smith, Stacey Tank, and Nina Tran will be appointed as independent members of the Company's Board of Directors (the Board), expanding the Board from eleven to fourteen directors, thirteen of whom have been determined by the Board to be independent. CoreCivic's new board members are expected to join various board committees in the future.
Neutral
GlobeNewsWire
4 weeks ago
CoreCivic Announces Resumption of Operations at South Texas Family Residential Center in Dilley, Texas
BRENTWOOD, Tenn., March 05, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic") announced today that it has agreed under an amended intergovernmental services agreement (IGSA) between the City of Dilley, Texas, and U.S. Immigration and Customs Enforcement (ICE) to resume operations and care for up to 2,400 individuals at the South Texas Family Residential Center in Dilley, Texas (the Dilley Facility). Simultaneously, CoreCivic has entered into a new lease agreement with Target Hospitality Corporation (Target), the owner of the facility, over a period co-terminus with the ICE agreement.
Neutral
GlobeNewsWire
1 month ago
CoreCivic Announces Four New Contract Modifications to Add Capacity for U.S. Immigration and Customs Enforcement
BRENTWOOD, Tenn., Feb. 27, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic") announced today that it has entered into contract modifications to add capacity for up to a total of 784 detainees from U.S. Immigration and Customs Enforcement ("ICE") at its 2,016-bed Northeast Ohio Correctional Center, its 1072-bed Nevada Southern Detention Center, and its 1,600-bed Cimarron Correctional Facility in Oklahoma. In addition, CoreCivic has obtained a contract modification to specify that ICE may use up to 252 beds at its 2,672-bed Tallahatchie County Correctional Facility in Mississippi.
Neutral
Seeking Alpha
1 month ago
CoreCivic: Analysts Fear Is Unwarranted (Rating Upgrade)
CoreCivic experienced significant volatility due to unwarranted Analysts fear and sector concerns, presenting a buying opportunity. Despite recent weak guidance for 2025, CoreCivic's management expressed optimism about future growth, particularly with ICE and the US Marshals Service. Q4 2024 results showed a decline in net income due to contract termination, but overall fiscal performance remained strong with $2 billion in revenue.
Positive
Seeking Alpha
1 month ago
7 Stocks And 1 ETF I'm Buying As Inflation Is Lower Than It Looks
The January 2025 CPI report shows inflation isn't in a sustained rebound, with temporary factors like shelter CPI, wildfires, and bird flu driving higher-than-expected inflation. The labor market shows mixed signals, with private sector hiring slowing but government hiring and residential construction employment remaining strong. Deportations could change this. The stock market appears richly valued across most sectors, not just the top 10 mega-cap names, warranting caution despite some undervalued opportunities.
Neutral
Seeking Alpha
1 month ago
CoreCivic, Inc. (CXW) Q4 2024 Earnings Call Transcript
CoreCivic, Inc. (NYSE:CXW ) Q4 2024 Earnings Call Transcript February 11, 2025 11:00 AM ET Company Participants Mike Grant - Managing Director of Investor Relations Damon Hininger - Chief Executive Officer and Director David Garfinkle - Executive Vice President and Chief Financial Officer Patrick Swindle - President and Chief Operating Officer Conference Call Participants Joe Gomes - Noble Capital Markets Greg Gibas - Northland Securities M. Marin - Zacks Investment Research, Inc. Kirk Ludtke - Imperial Capital, LLC Jay McCanless - Wedbush Securities Ben Briggs - StoneX Financial Operator Thank you for standing by.
Positive
Benzinga
1 month ago
CoreCivic's New Contracts On Focus, Analyst Sees Revenue Opportunities In 2026
JonesResearch analyst Jason Weaver reiterated the Buy rating and price forecast of $28 for CoreCivic, Inc. CXW following fourth-quarter results reported yesterday.
Neutral
GlobeNewsWire
1 month ago
CoreCivic Reports Fourth Quarter and Full Year 2024 Financial Results
Higher Occupancy and Cost Management Drive Strong Financial Performance Establishes 2025 Full Year Guidance
Positive
Seeking Alpha
1 month ago
CoreCivic: The Picture Has Changed, But The Rating Hasn't
CoreCivic's stock surged 60.7% due to a favorable political climate, despite earlier setbacks from contract losses under the previous administration. The company's revenue and profitability have improved, driven by higher occupancy rates and lower variable expenses, making it near the low end of fair value. With significant contracts from ICE and USMS, CoreCivic stands to benefit from increased government investments in detention facilities under the current administration.
Positive
Seeking Alpha
1 month ago
CoreCivic: An Undervalued Opportunity In The Private Prison Sector
CoreCivic's share price lags behind GEO Group, but it has a stronger balance sheet, stable cash flows, and an attractive valuation. CoreCivic has reduced its debt significantly, allowing for share buybacks, which can support the share price and offer growth potential. GEO Group benefited from a short squeeze, driving up its share price, but CoreCivic offers a better valuation with a P/B ratio of 1.5x versus 3.3x.
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