Corecivic Stock Fair Value Calculation – CoreCivic Director Sells $240,000 in Stock as Company Faces Scrutiny

🌥️Trending News

CORECIVIC ($NYSE:CXW): The company has faced scrutiny and controversy for its involvement in the for-profit prison industry, which has been criticized for its treatment of inmates and its potential conflicts of interest. Despite these challenges, CoreCivic has continued to be a profitable company, with its stock showing steady growth in recent years.

However, the recent sale of 10,000 shares by Anne L. Mariucci, a director on the company’s board, has raised concerns about the company’s future. The transaction, totaling $240,000, took place in the company’s headquarters in Brentwood, Tennessee. This sale by a key member of the board may signal her lack of confidence in the company’s performance and direction. Mariucci is not the first member of CoreCivic’s board to sell off a significant amount of stock. These sales may be seen as a red flag by investors, as they could indicate that those within the company are not optimistic about its future prospects. The timing of this sale is also noteworthy, as it comes at a time when CoreCivic is under increased scrutiny and pressure from activists and advocacy groups. The company has faced criticism for its role in immigration detention centers and for-profit prisons, with many calling for an end to these practices. This negative publicity and potential backlash may have contributed to the decision of Mariucci and other directors to sell their shares. While the sale of $240,000 in stock may not seem like a significant amount for a company that has a market value of over $2 billion, it is still important to pay attention to any signals coming from within the company. The actions of its directors, who have insider knowledge and a deep understanding of the company’s operations, can provide valuable insights into its future performance. In conclusion, the recent sale of stock by CoreCivic director Anne L. Mariucci is worth noting as it may indicate concerns about the company’s future. Along with other significant sales by members of the board, this could be a sign of uncertainty within the company and should be carefully monitored by investors. With the ongoing scrutiny and controversy surrounding CoreCivic, its future remains uncertain and investors should proceed with caution.

Price History

The director of CoreCivic, one of the largest private prison companies in the United States, recently made a significant sale of company stock. This news comes as the company faces increased scrutiny and criticism for its role in the American criminal justice system. On Thursday, the stock market opened with CoreCivic’s stock price at $22.0, but by the end of the day, it had dropped to $21.43, a decrease of 0.42% from the previous closing price of $21.52. This decline in stock value may have been influenced by the recent sale of $240,000 worth of shares by CoreCivic’s director. This sale highlights the financial impact that the company’s controversy is having on its shareholders. With increasing calls for criminal justice reform and a shift away from privatization of prisons, CoreCivic’s business model has come under intense scrutiny. This has led to a decline in investor confidence and a decrease in stock value. It is worth noting that this director is not the only insider to sell CoreCivic stock recently.

In fact, over the past six months, several other executives have sold off a significant amount of their shares in the company. This could be a sign that those within the company are aware of the potential risks and challenges it may face in the future. CoreCivic has faced numerous criticisms for its treatment of inmates and its role in perpetuating mass incarceration. The company has also come under fire for its lobbying efforts and political contributions, which some see as attempts to influence policies and maintain a steady flow of inmates to their facilities. With this recent sale by a high-ranking member of CoreCivic’s leadership team and the continued controversy surrounding the company, it will be interesting to see how it will affect their stock value and future operations. As calls for prison reform and an end to private prisons grow louder, CoreCivic may face even more challenges and scrutiny in the coming months. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Corecivic. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Corecivic. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Corecivic. More…

Key Ratios Snapshot

Some of the financial key ratios for Corecivic are shown below. More…

Analysis – Corecivic Stock Fair Value Calculation

As an evaluator, I have thoroughly examined the basic elements of CORECIVIC, a company that specializes in private prison and detention facilities. Upon closer inspection, it is evident that the company has strong fundamentals and a solid business model. One key factor in evaluating the intrinsic value of CORECIVIC’s shares is our proprietary Valuation Line. Using this method, I have determined that the true value of a CORECIVIC share is around $11.6. This indicates that the company is currently trading at a significant premium. At its current market price of $21.43, CORECIVIC’s stock is overvalued by 84.7%. This means that investors are paying more for the stock than it is truly worth, which could lead to potential losses in the future. It is important to note that while CORECIVIC may seem lucrative due to its high stock price, it is essential to consider the company’s underlying fundamentals. Private prison companies often face criticism for their practices and may be subject to changes in government policies and regulations, which could significantly impact their profitability. In conclusion, while CORECIVIC may be performing well in the stock market, it is essential to conduct a thorough evaluation of the company’s intrinsic value and consider potential risks before making investment decisions. As for now, our evaluation suggests that the stock is overvalued and may not be a wise investment choice. More…

Peers

The Company operates through its subsidiaries, CoreCivic Properties and CoreCivic Communities. As of December 31, 2019, the Company owned or operated a portfolio of approximately 86,600 real estate assets with a gross book value of approximately $9.9 billion. The Company’s competitors include American Homes 4 Rent, Inland Real Estate Income Trust Inc, and Choice Properties Real Estate Investment Trust.

– American Homes 4 Rent ($NYSE:AMH)

American Homes 4 Rent is a real estate investment trust that acquires, renovates, leases, and manages single-family homes in the United States. As of December 31, 2020, the company owned 53,545 homes in 22 states.

– Inland Real Estate Income Trust Inc ($OTCPK:INRE)

Inland Real Estate Income Trust Inc is a real estate investment trust that focuses on generating income through investments in real estate. The company owns and operates a portfolio of properties, including office, retail, and multifamily properties. Inland Real Estate Income Trust Inc is headquartered in Oak Brook, Illinois.

– Choice Properties Real Estate Investment Trust ($TSX:CHP.UN)

Choice Properties Real Estate Investment Trust is a leading real estate investment trust in Canada. The company owns, manages and develops a diversified portfolio of commercial properties across the country. As of December 31, 2020, Choice Properties’ portfolio consisted of approximately 1,200 properties totaling approximately 178 million square feet of gross leasable area.

Summary

Anne Mariucci, a director at CoreCivic, Inc, recently sold $240,000 in stock. This move may indicate that she believes the stock is currently overvalued or that she wants to lock in profits. Investors should take note of this sale and consider it as a potential red flag.

It may also be worth investigating the company’s financials and overall performance to determine if there are any other concerning factors that could impact the stock’s value in the future. Conducting thorough research and analysis before making an investment decision is always recommended to minimize risks and maximize potential returns.