|Bid||16.13 x 1400|
|Ask||16.13 x 800|
|Day's Range||15.89 - 16.24|
|52 Week Range||14.90 - 24.38|
|Beta (3Y Monthly)||1.31|
|PE Ratio (TTM)||10.70|
|Forward Dividend & Yield||1.76 (11.34%)|
|1y Target Est||N/A|
Billionaire hedge fund managers such as David Abrams, Steve Cohen and Stan Druckenmiller can generate millions or even billions of dollars every year by pinning down high-potential small-cap stocks and pouring cash into these candidates. Small-cap stocks are overlooked by most investors, brokerage houses, and financial services hubs, while the nearly unlimited research abilities of […]
California moved to end the use of private, for-profit lockups in America's largest state prison system as well as in federal immigration detention centers in the state under a measure signed into law on Friday by Governor Gavin Newsom. The new law bars the California Department of Corrections and Rehabilitation from entering into or renewing a contract with a private company to run a state prison after Jan. 1, 2020, unless needed to meet court-ordered inmate housing limits. It will ban California from incarcerating anyone in privately run facilities altogether from 2028.
America's largest state prison system is moving to quit the practice of farming out inmates to lockups run under contract by private companies, following a nationwide decline in the for-profit incarceration business. California Governor Gavin Newsom is expected to sign legislation this week designed to effectively ban private, for-profit corporations from running prisons or immigration detention facilities. Sponsors of the measure say it will end a brief but hapless experiment in privately outsourced incarceration begun as a means to ease overcrowding - an endeavor Newsom branded an outrage when he took office in January.
Readers hoping to buy CoreCivic, Inc. (NYSE:CXW) for its dividend will need to make their move shortly, as the stock...
Many politicians already have made companies that run private correctional facilities a whipping boy in the 2020 presidential race.
If you're interested in CoreCivic, Inc. (NYSE:CXW), then you might want to consider its beta (a measure of share price...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of CoreCivic, Inc. New York, July 30, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of CoreCivic, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
CoreCivic Inc. was downgraded to hold by TheStreet's quantitative service today. CXW is a publicly-traded real estate investment trust (REIT), and the nation's largest owner of partnership correctional, detention and residential re-entry facilities. In this daily bar chart of CXW, below, we can see some interesting patterns.
A U.S. House committee said Thursday it will investigate for-profit immigrant detention center contractors including The GEO Group Inc (NYSE: GEO ) and Corecivic Inc (NYSE: CXW ). Representatives sent ...
Lawmakers in the U.S. House of Representatives said on Thursday they have sent letters seeking documents and information from three companies responsible for detaining illegal immigrants arrested by U.S. immigration agents. The House Oversight Committee and its House Subcommittee on Civil Rights and Civil Liberties sent letters to CoreCivic Inc , Geo Group Inc and DC Capital Partners LLC seeking information about the facilities they operate under contract from the U.S. government. "The committee is investigating the Trump administration's rapidly increasing use of for-profit contractors to detain tens of thousands of immigrants, including a troubling series of reports of health and safety," Representatives Elijah Cummings and Jamie Raskin wrote in the letters.
SunTrust Banks Inc will stop financing operators of private prisons and immigration holding facilities, it said on Monday, becoming the latest lender to distance itself from a sector associated with the Trump administration's policies. In 2018 lenders including Bank of America Corp and Wells Fargo & Co raised roughly $1.8 billion in three deals for CoreCivic and GEO Group, according to Refinitiv data. Banks have been under pressure to cut ties with the private prison industry since U.S. President Donald Trump's restrictions on immigration raised concerns about detention center conditions.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Bank of America will stop financing companies that providing prisoner and immigrant detention services for federal and state governments. A company spokesperson told Yahoo Finance it will do so “as expeditiously as possible." Yahoo Finance's Julie Hyman, Adam Shapiro and Dan Roberts along with Benchmark CEO Kevin Kelly discuss.