correctional corporation of america stock price

Will the Corrections Corporation of America stock price gain 3 days in a row?

The Corrections Corporation of America stock price gained 1.88% on the last trading day (Thursday, 28th Apr 2022), rising from $12.76 to $13.00. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days.

Is Corrections Corporation of America a high risk high risk stock?

In this case, Corrections Corporation of America finds support just below today's level at $11.35. If this is broken, then the next support from accumulated volume will be at $11.16 and $9.87. This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk".

What does Corrections Corporation of America do?

Company History: Celebrating its 15th anniversary in 1998, Corrections Corporation of America (CCA) is the leader of the private prison management industry with more than 50 percent of the market. CCA designs, constructs, owns, and manages prisons for governments at the local, state, and federal level.

Is CoreCivic the most widely known stock on the NYSE?

While CoreCivic, Inc. ( NYSE:CXW ) might not be the most widely known stock at the moment, it led the NYSE gainers with... In this article, we discuss Michael Burry’s short position in Apple Inc. (NASDAQ:AAPL) and the 5 stocks he is selling in 2022.

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Is Cxw a buy?

CoreCivic Inc (NYSE:CXW) The 2 analysts offering 12-month price forecasts for CoreCivic Inc have a median target of 16.00, with a high estimate of 17.00 and a low estimate of 15.00. The median estimate represents a +45.59% increase from the last price of 10.99.

Is CoreCivic a good stock?

CoreCivic has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Why is CoreCivic stock down?

CoreCivic (NYSE:CXW) stock tanked ~17% postmarket on Wednesday after the prison operator posted weak Q1 results and reduced its 2022 guidance. Q1 FFO/share was $0.34, impacted by the sale of 3 non-core properties, which generated $4.9M in adj. EBITDA in Q1 2021.

When did CoreCivic go public?

October 1986CoreCivic's initial public offering was in October 1986 on the NASDAQ under the symbol CCAX. The initial number of shares issued was 2 million at a price of $9.00 per share. In December 1994 CoreCivic changed its listing from the NASDAQ to the New York Stock Exchange under the symbol CXC.

Does CoreCivic pay a dividend?

Corecivic (NYSE: CXW) does not pay a dividend.

What companies own private prisons?

Today, private prison corporations like the GEO Group, CoreCivic, LaSalle Corrections, and the Management and Training Corporation (MTC) own or operate facilities that hold the overwhelming majority of detained people for Immigration and Customs Enforcement (ICE).

Who owns the Corrections Corporation of America?

Who owns CCA? CCA'S biggest investor: The Vanguard Group, the country's second-largest money management firm, holds 14 percent of CCA stock, valued at $447 million as of late 2015. Notable company figures: Thurgood Marshall Jr.: CCA board member, lawyer, and son of the first African American Supreme Court justice.

Who owns CoreCivic?

Corrections Corporation of AmericaBy 2016, Corrections Corporation of America (CCA) along with GEO Group were running "more than 170 prisons and detention centres"....CoreCivic.TypePublicArea servedUnited StatesKey peopleMark A. Emkes Chairman Damon T. Hininger president & CEORevenue$ 1.981 billionOperating income$ 281.56 million12 more rows

What prisons are publicly traded?

Palantir (PLTR) CoreCivic and GEO are the only pure-play U.S. prison stocks out there. There are several large companies that provide telecom and other services to federal and state-level facilities, but none of them trade publicly.

When was CoreCivic founded?

1983, Nashville, TNCoreCivic / FoundedEstablished in 1983, CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in cost-effective ways.

Who owns private prisons in America?

Currently, the Bureau of Prisons has contracts with three private prison operators: CoreCivic (formerly known as Corrections Corporation of America), GEO Group, and MTC (Management and Training Corporation), which together operate twelve private federal prisons across the country.

How many prisons in the US are privately owned?

158 private prisonsThere are currently 158 private prisons in the United States and approximately 8% of incarcerated people are housed in private prisons. While many private prisons are located in the United States, there are private prisons all over the world.

Are prisons in the US privately owned?

Thirty-one states and the federal government incarcerated 116,000 people in private prisons in 2019, representing 8% of the total state and federal prison population.

How much did CCA stock take off in the 1990s?

When did CCA privatize prisons?

Sales multiplied eightfold from $55.5 million in 1990 to $462.2 million in 1997 while profits soared from a meager $198,000 to a whopping $54 million. Wall Streeters sat up and took notice, and after wallowing at the single-digit level for nearly a decade, CCA's stock took off in the mid-1990s.

What is CCA in prison?

In 1997, three jurisdictions--Tennessee, Florida, and the District of Columbia--announced that they were investigating the possibility of privatizing all or a significant portion of their entire corrections systems. That January, CCA paid the city of Washington, D.C., $52 million for an 866-bed, medium-security jail, marking the first-ever sale of a prison. CCA leased the facility back to the city for $2.8 million per year and retained management. CEO Crants' 1997 letter to shareholders asserted that "the possibility of assuming management of an entire state system" was "the next milestone for our industry, and one that we intend for CCA to be the first to reach." CCA had in fact floated a $250 million proposal to take over the entire Tennessee state corrections system in 1985, but was turned down. Whether the plan would yet come to fruition remained to be seen.

How much did CCA pay for the jail?

Company History: Celebrating its 15th anniversary in 1998, Corrections Corporation of America (CCA) is the leader of the private prison management industry with more than 50 percent of the market. CCA designs, constructs, owns, and manages prisons for governments at the local, state, and federal level.

How many inmates were in CCA in 1986?

That January, CCA paid the city of Washington, D.C., $52 million for an 866-bed, medium-security jail, marking the first-ever sale of a prison. CCA leased the facility back to the city for $2.8 million per year and retained management.

What is CCA in the US?

IPO in 1986. By August 1986, CCA was managing eight detention centers in Tennessee, Texas, New Mexico, and Florida with an average capacity of about 275 inmates. These included facilities for men, women, and juveniles at the municipal, county, and federal levels.

When did CCA acquire TransCor?

CCA is quality, meeting the highest standards of performance as established by the American Correctional Association. CCA is value, providing more programs and services for its price. CCA is innovation, looking at every project on its own merits to determine the solution that is best for government and the company. CCA is strength, handling the toughest assignments with dignity and professionalism. CCA is commitment, protecting its partnerships with government despite political pressure and controversy.

When will CoreCivic release results?

CCA also grew through acquisitions during this period, purchasing TransCor America, Inc., a company that provided interstate prisoner transport, in January 1995. Later that same year, CCA added more than 7,250 beds to its capacity through the acquisitions of Concept, Inc. and Corrections Partners, Inc.

What is CoreCivic?

BRENTWOOD, Tenn., April 23, 2021 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2021 first quarter financial results after the market closes on Wednesday, May 5, 2021. A live broadcast of CoreCivic's conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, May 6, 2021, and will be accessible through the Company's website at www.corecivic.com under the “Events & Presentations” section of the "Investors" page. The live broadcast can also be accessed by dialing 800-367-2403 in the U.S. and Canada, including the confirmation passcode 7487376. An online replay of the call will be archived on our website promptly following the conference call. In addition, there will be a telephonic replay available beginning at 1:00 p.m. central time (2:00 p.m. eastern time) on May 6, 2021, through 1:00 p.m. central time (2:00 p.m. eastern time) on May 14, 2021. To access the telephonic replay, dial 888-203-1112 in the U.S. and Canada. International callers may dial +1 719-457-0820 and enter passcode 8097453. About CoreCivic CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. CoreCivic is the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and believes it is the largest private owner of real estate used by government agencies in the U.S. CoreCivic has been a flexible and dependable partner for government for more than 35 years. CoreCivic’s employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. Contact: Investors: Cameron Hopewell - Managing Director, Investor Relations - (615) 263-3024 Media: Steve Owen – Vice President, Communications - (615) 263-3107

What is the passcode for CoreCivic?

CoreCivic provides a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions.

Is CoreCivic safer than public facilities?

International callers may dial +1 719-457-0820 and enter passcode 8097453. About CoreCivic CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways.

Is Corevic going to sell Alabama prison bonds?

Department of Justice’s Office of Inspector General (OIG) that contractor-operated U.S. Marshals Service facilities like those operated by CoreCivic were safer, more accountable and more responsive in mitigating risk from COVID-19 than publicly operated facilities.

Is merger and acquisition expense recurring?

U.S. private prison operator CoreCivic Inc said on Monday it expects to move forward with a bond sale for Alabama prisons after two of three underwriters dropped out of the deal, which had come under attack by social justice activists. Barclays Plc, the senior underwriter for the taxable bond deal originally sized at $633.5 million, and KeyBanc Capital Markets, a co-manager, confirmed they were no longer participating in the bond pricing in the U.S. municipal market. In a statement, CoreCivic said it was "proceeding with efforts to help deliver desperately needed, modern corrections infrastructure to replace dilapidated, aging facilities that originally were designed with one purpose in mind – to warehouse individuals, not rehabilitate returning citizens."

Is CoreCivic suspending services?

Even though expenses associated with mergers and acquisitions may be recurring, the magnitude and timing fluctuate based on the timing and scope of M&A activity, and therefore, such expenses, which are not a necessary component of the ongoing operations of the Company, may not be comparable from period to period.