CORECIVIC INC

In the last half of 2020, the Public Sector Pension Investment Board bought 600,000 shares of CoreCivic and Geo Group, two of the largest providers of private prisons and immigration detention centres in the U.S.

Migrants have shared their experiences at privately-run US Immigation and Customs Enforcement (Ice) detention centers during the Covid-19 pandemic. Alonzo and Javier were held at La Palma Correctional Center; they alleged the treatment many received was ‘inhumane’. At Eloy Detention Center, Carmen claimed medical staff would only tell them to ‘drink water’ regardless of symptoms. José, who was held at Central Arizona Florence Correctional Complex and La Palma, said for months he was barely able to go outside. Alejandro, who was also held at Central Arizona Florence, said at times there were up to 64 people living in his tank. These audio recordings were captured as part of a project covering the world’s largest for-profit immigration detention system. ‘We’ve commodified human displacement,’ said artist David Taylor, who in recent months used drones to take aerial photography and video of centers near the US southern border, in California, Arizona and Texas. All detainees featured in this video were held at facilities operated by CoreCivic, which disputes allegations about conditions and said it was committed to health and safety.

CoreCivic (NYSE:CXW) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, February 10th. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link. CoreCivic (NYSE:CXW) last released its earnings results on […]

Alabama Department of Corrections will Staff and Operate Two Correctional Facilities to be Constructed and Owned by CoreCivic MONTGOMERY, AL (STL.News) Alabama Governor Kay Ivey and the Alabama Department of Corrections (ADOC) today signed agreements to lease two new men’s correctional facilities to be constructed by CoreCivic’s Developer Team (CoreCivic; Caddell Construction; DLR Group; and R&N Systems Design). The State signed one lease agreement with Government Real Estate Solutions of Central Alabama, LLC, a CoreCivic entity, for Facility Two (Elmore County Facility), which will be constructed on Rifle Range Road in Tallassee, Alabama, and will specialize in the inmate population’s medical and mental health needs. The State signed a second lease agreement with Government Real Estate Solutions of South Alabama, LLC, a CoreCivic entity, for Facility Three (Escambia County Facility), which will be constructed on Bell Fork Road near Atmore, Alabama. The term of each lease agreement is 30 years.

CoreCivic and the GEO Group, two of the largest U.S. private prison companies, could lose as much as a quarter of their revenue, about $1 billion a year between them, under new limits on the sector from President Joe Biden.

CoreCivic and GEO Group have been shifting away from prisons toward other government contracts, like office space and halfway houses.

Private prison stocks Corecivic Inc (NYSE: CXW ) and The GEO Group Inc (NYSE: GEO ) took a big hit on Wednesday and Thursday as Democrat Joe Biden's victory in the U.S. presidential election looked increasingly likely. Prison stocks were some of the biggest winners following Donald Trump’s election victory back in 2016, but investors believe a Biden presidency could put the future of the industry at risk. Biden On Prisons: A Biden administration pledges to “stop corporations from profiteering off of incarceration,” according to the candidate's campaign website . “Biden will end the federal government’s use of private prisons, building off an Obama-Biden Administration’s policy rescinded by … Full story available on Benzinga.com

BRENTWOOD, Tenn., Nov. 04, 2020 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the third…

How One Trader Is Betting On A "Surprise" Trump Victory Tyler Durden Tue, 11/03/2020 - 08:30 Submitted by Harris Kupperman from Adventures in Capitalism My Trump Trades Let’s start with a disclaimer here. I’m not a professional pollster. With few exceptions, most of the professional pollsters are on the opposite side of this trade. I’m a contrarian and that means I am bound to get a few of these wrong. With that disclaimer out of the way, the early voting data shows Trump with a small lead and as the days have gone by, the voting has consistently turned “redder,” while the remaining potential voter pool shrinks. Nothing is a sure thing in elections, but I see independents swinging for Trump and there’s a surprisingly large net wobble amongst Democrats. I have spent a lot of time going through the data and don’t want to focus this article on the minutiae of numbers (especially as I may have interpreted it all wrong). Instead, let’s talk about my passion; setting up a low-risk, high-reward, Event-Driven trade, with a view that Trump likely has this one in the bag and everyone is leaning the wrong way.

A federal appeals court on Tuesday ruled that every individual interception of an attorney-client phone call by private prison operator CoreCivic Inc, rather than its recording pattern as a whole, counts as separate violation of federal and Nevada wiretap laws.

CoreCivic and GEO Group have been shifting away from prisons toward other government contracts, like office space and halfway houses.

Private prison stocks Corecivic Inc (NYSE: CXW ) and The GEO Group Inc (NYSE: GEO ) took a big hit on Wednesday and Thursday as Democrat Joe Biden's victory in the U.S. presidential election looked increasingly likely. Prison stocks were some of the biggest winners following Donald Trump’s election victory back in 2016, but investors believe a Biden presidency could put the future of the industry at risk. Biden On Prisons: A Biden administration pledges to “stop corporations from profiteering off of incarceration,” according to the candidate's campaign website . “Biden will end the federal government’s use of private prisons, building off an Obama-Biden Administration’s policy rescinded by … Full story available on Benzinga.com

BRENTWOOD, Tenn., Nov. 04, 2020 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today its financial results for the third…

How One Trader Is Betting On A "Surprise" Trump Victory Tyler Durden Tue, 11/03/2020 - 08:30 Submitted by Harris Kupperman from Adventures in Capitalism My Trump Trades Let’s start with a disclaimer here. I’m not a professional pollster. With few exceptions, most of the professional pollsters are on the opposite side of this trade. I’m a contrarian and that means I am bound to get a few of these wrong. With that disclaimer out of the way, the early voting data shows Trump with a small lead and as the days have gone by, the voting has consistently turned “redder,” while the remaining potential voter pool shrinks. Nothing is a sure thing in elections, but I see independents swinging for Trump and there’s a surprisingly large net wobble amongst Democrats. I have spent a lot of time going through the data and don’t want to focus this article on the minutiae of numbers (especially as I may have interpreted it all wrong). Instead, let’s talk about my passion; setting up a low-risk, high-reward, Event-Driven trade, with a view that Trump likely has this one in the bag and everyone is leaning the wrong way.

A federal appeals court on Tuesday ruled that every individual interception of an attorney-client phone call by private prison operator CoreCivic Inc, rather than its recording pattern as a whole, counts as separate violation of federal and Nevada wiretap laws.