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CXW

CoreCivic

$13.71

-0.05 (-0.36%)

10:55
10/06/16
10/06
10:55
10/06/16
10:55

Corrections Corp put volume heavy and directionally bearish

Bearish flow noted in Corrections Corp with 4,244 puts trading, or 15x expected. Most active are Dec-16 14 puts and Mar-17 10 puts, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 42.44, while ATM IV is up nearly 3 points on the day. Earnings are expected on November 2nd.

CXW CoreCivic
$13.71

-0.05 (-0.36%)

08/24/16
ADAM
08/24/16
NO CHANGE
ADAM
Buy
Risks could continue to weigh on prison stocks, says Canaccord
Canaccord analyst Ryan Meliker lowered his price targets on both Correction Corp. of America (CXW) and the GEO Group (GEO) following the announcement of federal prison contracts. Meliker said both companies are currently selling at all-time high free cash flow yields, which implies they are either extremely cheap or there is substantial risk to more contract cancellations. The analyst believes most of those concerns are already priced in, but the risk of dividend cuts, covenant breaches and contract losses will weigh on the stocks. Meliker said Correction Corp. could cut its dividend by 35% and are at risk of breaching covenants but that GEO Group's dividend and covenants are safe. Meliker maintained his Buy rating but lowered his price target to $28 from $38 on the GEO Group and maintained his Hold rating and lowered his price target to $21 from $30 on Correction Corp. shares.
08/29/16
RHCO
08/29/16
NO CHANGE
RHCO
ICE does not have ready alternatives to private prisons, says SunTrust
SunTrust analysts noted that the Department of Homeland Security has directed U.S. Immigration and Customs Enforcement, or ICE, to initiate a review of its current detention and processing centers, but they do not believe there are ready alternatives to the purpose-built prisons owned by Geo Group (GEO) and Corrections Corp. (CXW), making this less of a risk than the potential loss of business with the Bureau of Prisons. The firm has a Neutral rating on Corrections Corp. shares and a Buy rating on Geo Group.
09/01/16
RHCO
09/01/16
NO CHANGE
RHCO
Geo Group, Corrections Corp. price targets lowered at SunTrust
SunTrust analyst Tobey Summer lowered his price target on Geo Group (GEO) to $32 from $38 and cut his price target on Corrections Corp (CXW) to $20 from $34. The analyst says that the companies' Bureau of Prisons business is "at risk over five years." However, he thinks that the companies' ICE and U.S. Marshals business is "substantially more secure." The analyst keeps a Buy rating on Geo and a Neutral rating on Corrections Corp.
09/28/16
ADAM
09/28/16
NO CHANGE
Target $21
ADAM
Hold
Corrections Corp still challenged, but restructuring a good step, says Canaccord
Canaccord analyst Ryan Meliker believes the restructuring plans announced by Corrections Corp. of America (CXW) are a good first step to "build a cushion in cash flows and dividend coverage," though he sees a number of potential challenges that may further pressure the company. In addition to sentencing reform and contract headlines, Meliker notes the EBITDA risk posed by the renegotiation of CCA's South Texas Family Residential facility contract. The analyst keeps a Hold rating and $21 price target on CCA shares and said he continues to prefer Geo Group (GEO), on which he has a Buy rating, in the prison REIT space.

TODAY'S FREE FLY STORIES

CATM

Cardtronics

$29.27

0.16 (0.55%)

13:05
09/25/17
09/25
13:05
09/25/17
13:05
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Cardtronics analyst commentary  »

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ADSK

Autodesk

$111.78

-0.51 (-0.45%)

13:05
09/25/17
09/25
13:05
09/25/17
13:05
Options
Autodesk call volume above normal and directionally bullish »

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CRMT

America's Car-Mart

$40.85

0.35 (0.86%)

12:59
09/25/17
09/25
12:59
09/25/17
12:59
Conference/Events
America's Car-Mart management to meet with Sidoti »

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NAV

Navistar

$41.68

0.35 (0.85%)

, VLKAY

Volkswagen

$34.57

0.46 (1.35%)

12:58
09/25/17
09/25
12:58
09/25/17
12:58
Periodicals
Navistar, Volkswagen Truck to launch electric medium duty truck, Reuters reports »

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NAV

Navistar

$41.68

0.35 (0.85%)

VLKAY

Volkswagen

$34.57

0.46 (1.35%)

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ICPT

Intercept

$61.59

-12.11 (-16.43%)

12:55
09/25/17
09/25
12:55
09/25/17
12:55
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Intercept analyst commentary  »

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YNDX

Yandex

$33.20

0.57 (1.75%)

12:55
09/25/17
09/25
12:55
09/25/17
12:55
Options
Yandex put volume heavy and directionally bearish »

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PLUS

ePlus

$88.60

1.05 (1.20%)

12:55
09/25/17
09/25
12:55
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12:55
Conference/Events
ePlus management to meet with Sidoti »

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PKY

Parkway

$23.04

0.02 (0.09%)

12:55
09/25/17
09/25
12:55
09/25/17
12:55
Conference/Events
Parkway to host special shareholder meeting »

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  • 25

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MOH

Molina Healthcare

$64.59

-0.735 (-1.13%)

, UNH

UnitedHealth

$191.32

-1.7138 (-0.89%)

12:50
09/25/17
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12:50
Periodicals
Sen. Ted Cruz still opposes Graham-Cassidy bill, Axios reports »

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MOH

Molina Healthcare

$64.59

-0.735 (-1.13%)

UNH

UnitedHealth

$191.32

-1.7138 (-0.89%)

CNC

Centene

$90.60

-1.62 (-1.76%)

WCG

WellCare

$165.67

-1.49 (-0.89%)

CI

Cigna

$181.69

-1.05 (-0.57%)

ANTM

Anthem

$182.89

0.03 (0.02%)

HNT

Health Net

HUM

Humana

$238.48

-0.6125 (-0.26%)

AET

Aetna

$152.55

-1.02 (-0.66%)

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SOL

ReneSola

$2.17

-0.0508 (-2.29%)

12:49
09/25/17
09/25
12:49
09/25/17
12:49
Hot Stocks
ReneSola agrees to disposition of manufacturing, LED distribution units »

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ALEX

Alexander & Baldwin

$45.23

0.26 (0.58%)

12:49
09/25/17
09/25
12:49
09/25/17
12:49
Conference/Events
Alexander & Baldwin management to meet with Sidoti »

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  • 27

    Sep

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FB

Facebook

$170.54

-0.57 (-0.33%)

12:47
09/25/17
09/25
12:47
09/25/17
12:47
Periodicals
China blocks WhatsApp ahead of Communist Party gathering, NY Times reports »

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  • 03

    Oct

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    Oct

HES

Hess Corp.

$45.45

0.95 (2.13%)

12:45
09/25/17
09/25
12:45
09/25/17
12:45
Options
Hess Corp. call volume above normal and directionally bullish »

Bullish option flow…

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  • 25

    Sep

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C

Citi

$70.60

-0.8 (-1.12%)

12:43
09/25/17
09/25
12:43
09/25/17
12:43
Hot Stocks
Citibank, CGML ordered to pay $550,000 penalty by CFTC »

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  • 22

    Oct

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UFPI

Universal Forest

$94.65

2.47 (2.68%)

12:41
09/25/17
09/25
12:41
09/25/17
12:41
Conference/Events
Universal Forest management to meet with Sidoti »

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  • 26

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NAV

Navistar

$42.09

0.755 (1.83%)

, VLKAY

Volkswagen

$34.57

0.46 (1.35%)

12:40
09/25/17
09/25
12:40
09/25/17
12:40
Periodicals
Breaking Periodicals news story on Navistar, Volkswagen »

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NAV

Navistar

$42.09

0.755 (1.83%)

VLKAY

Volkswagen

$34.57

0.46 (1.35%)

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  • 02

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DRI

Darden

$82.45

-0.43 (-0.52%)

, FDS

FactSet

$167.38

-1.23 (-0.73%)

12:40
09/25/17
09/25
12:40
09/25/17
12:40
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

DRI

Darden

$82.45

-0.43 (-0.52%)

FDS

FactSet

$167.38

-1.23 (-0.73%)

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  • 26

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NAV

Navistar

$42.05

0.72 (1.74%)

, VLKAY

Volkswagen

$34.57

0.46 (1.35%)

12:39
09/25/17
09/25
12:39
09/25/17
12:39
Hot Stocks
Navistar announces collaboration with Volkswagen Truck & Bus »

Navistar (NAV) announced…

NAV

Navistar

$42.05

0.72 (1.74%)

VLKAY

Volkswagen

$34.57

0.46 (1.35%)

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  • 02

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F

Ford

$11.88

0.035 (0.30%)

12:38
09/25/17
09/25
12:38
09/25/17
12:38
Periodicals
NFL sponsor Ford issues statement supporting free speech, Bloomberg says »

Following a string of…

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BGG

Briggs & Stratton

$22.70

0.01 (0.04%)

12:35
09/25/17
09/25
12:35
09/25/17
12:35
Conference/Events
Briggs & Stratton management to meet with Sidoti »

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  • 26

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ICPT

Intercept

$61.59

-12.11 (-16.43%)

12:34
09/25/17
09/25
12:34
09/25/17
12:34
Recommendations
Intercept analyst commentary  »

Jefferies cuts Intercept…

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  • 25

    Sep

DLAKY

Lufthansa

$27.31

-0.1 (-0.36%)

, MKGAY

Merck KGaA

12:33
09/25/17
09/25
12:33
09/25/17
12:33
Hot Stocks
Lufthansa chairman Mayrhuber resigns, Kley named new chairman »

Prior to today's…

DLAKY

Lufthansa

$27.31

-0.1 (-0.36%)

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AAWW

Atlas Air

$67.60

0.15 (0.22%)

12:32
09/25/17
09/25
12:32
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12:32
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Atlas Air, Polar Air Cargo seek preliminary injunction to stop work slowdown »

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AIN

Albany International

$55.80

-0.45 (-0.80%)

12:31
09/25/17
09/25
12:31
09/25/17
12:31
Conference/Events
Albany International management to meet with Sidoti »

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  • 27

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AMZN

Amazon.com

$955.10

-9.55 (-0.99%)

, FB

Facebook

$170.54

-0.57 (-0.33%)

12:30
09/25/17
09/25
12:30
09/25/17
12:30
Periodicals
Trump to issue directive to boost government support for STEM, Recode reports »

President Donald Trump…

AMZN

Amazon.com

$955.10

-9.55 (-0.99%)

FB

Facebook

$170.54

-0.57 (-0.33%)

GOOG

Alphabet

$928.53

-3.92 (-0.42%)

GOOGL

Alphabet Class A

$943.26

-4.29 (-0.45%)

GM

General Motors

$40.23

0.805 (2.04%)

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  • 03

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