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: 11,194
0
Funds holding %
of 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
162% more call options, than puts
Call options by funds: $64.9M | Put options by funds: $24.8M
100% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 4 (+2) [Q4]
96% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 27
71% more capital invested
Capital invested by funds: $1.23B [Q3] → $2.09B (+$865M) [Q4]
9% more funds holding
Funds holding: 226 [Q3] → 246 (+20) [Q4]
0.67% less ownership
Funds ownership: 87.84% [Q3] → 87.17% (-0.67%) [Q4]
23% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 84
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$28
55%
upside
Avg. target
$28
55%
upside
High target
$28
55%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Jones Trading Jason Weaver 81% 1-year accuracy 39 / 48 met price target | 55%upside $28 | Buy Maintained | 11 Feb 2025 |
Financial journalist opinion
Based on 7 articles about CXW published over the past 30 days
Neutral
Seeking Alpha
17 hours 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
6 days 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 week 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 week 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 week 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
2 weeks 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
2 weeks 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.
Neutral
GlobeNewsWire
1 month ago
CoreCivic Expands Montana Relationship With New Contract And Additional Bed Utilization
BRENTWOOD, Tenn., Jan. 16, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic") announced today it has been awarded a new management contract with the state of Montana to care for additional inmates outside the state of Montana, with 240 inmates anticipated to arrive at our 2,672-bed Tallahatchie County Correctional Facility in Tutwiler, Mississippi during the first quarter of 2025. During January 2025, CoreCivic also received an additional 120 Montana inmates at the Company's 1,896-bed Saguaro Correctional Facility in Eloy, Arizona, under an existing contract with the state of Montana.
Neutral
GlobeNewsWire
1 month ago
CoreCivic Announces 2024 Fourth Quarter Earnings Release and Conference Call Dates
BRENTWOOD, Tenn., Jan. 13, 2025 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2024 fourth quarter financial results after the market closes on Monday, February 10, 2025. A live broadcast of CoreCivic's conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Tuesday, February 11, 2025.
Neutral
GlobeNewsWire
2 months ago
CoreCivic Announces Promotion of Patrick Swindle to President And Chief Operating Officer
BRENTWOOD, Tenn., Dec. 16, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) ("CoreCivic") announced today that CoreCivic's Board of Directors (the "Board") has appointed Patrick Swindle, who currently serves as CoreCivic's Executive Vice President and Chief Operating Officer, to President and Chief Operating Officer, effective January 1, 2025.
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