Crime Pays - For Some

Here's the latest headlines for Americans in prison:
New High In U.S. Prison Numbers - Washington Post
U.S. incarcerates more than any other nation - Reuters
Record-High Ratio of Americans in Prison - AP
Make Crime Pay For You! - SeekingAlpha

Here's a look at some news, the charts and major institutional holders of 3 major private prison corporations.

---

Cornell Companies, Inc. Present "The Future of Prison Services and Privatization" Conference
Pirate Capital invests in private prisons?
AIG Makes Sure It Has Friends Everywhere.
Update: April 19, 2010: GEO to Buy Cornell Companies for $685 Million.

Symbol Name Of Corporation GEO Major Holders Cornell Companies Inc. (As of 31-Dec-2007) Top 10 Institutional Holders Shares 2007 Value 2006 Dimensional Fund Advisors Inc 1,228,540 8.41% $28,649,552 -.--% Tygh Capital Management, Inc. 704,022 4.82% $16,417,793 -.--% Principal Financial Group, Inc. 614,739 4.21% $14,335,713 -.--% American International Group, Inc 613,025 4.19% $14,295,743 -.--% Bank Of America Corporation 500,590 3.42% $11,673,758 -.--% Sterling Johnston Capital Management, Inc. 471,500 3.23% $10,995,380 -.--% Neuberger Berman, LLC 458,855 3.14% $10,700,498 -.--% Barclays Global Investors UK Holdings Ltd 419,429 2.87% $9,781,084 -.--% Renaissance Technologies Corp 331,900 2.27% $7,739,908 -.--% JP Morgan Chase & Company 321,587 2.20% $7,499,408 -.--% % of Shares Held by All Insider and 5% Owners: 33% -.--% Top 10 [14%] of 70 Institutional Holders Control 38.76% -.--% Percentage of Barclays and "Associates" Control 20.03% -.--%

---

Corrections Corp. CEO Exercises Options
Much more here! Almost obscene.
Just a few honest lawmakers left.
NOTE: Remember, your state taxes pays these folks fees! $27,500/yr and up per person.
Corrections Corp. to Build Tenn. Prison
Corrections Corp. Spends $2.5M to Lobby
NOTE: These people are close to Sen. Bill Frist (Hospital Corporation of America) and V.P. Dick Cheney. Friends in high places.

Symbol Name Of Corporation CXW Major Holders Corrections Corp. of America (As of 31-Dec-2007) Top 10 Institutional Holders Shares 2007 Value 2006 FMR LLC (Fidelity) 6,936,240 5.59% $204,688,442 -.--% RS Investment Management Co., LLC * 6,160,408 4.96% $181,793,640 -.--% Wesley Capital Management, LLC 4,613,191 3.72% $136,135,266 -.--% Friess Associates Inc 4,053,000 3.26% $119,604,030 -.--% Vanguard Group, Inc. (The) 3,764,237 3.03% $111,082,633 -.--% Ameriprise Financial, Inc. 3,735,376 3.01% $110,230,945 -.--% Jana Partners LLC 3,534,195 2.85% $104,294,094 -.--% Capital Research And Management Company 3,250,000 2.62% $85,052,500 -.--% Barclays Global Investors UK Holdings Ltd 2,806,860 2.26% $82,830,438 -.--% Munder Capital Management, Inc. 2,799,783 2.26% $82,621,596 -.--% % of Shares Held by All Insider and 5% Owners: 9% -.--% Top 10 [4.2%] of 235 Institutional Holders Control 33.56% -.--% Percentage of Barclays and "Associates" Control 5.27% -.--%

NOTE: RS Investment manages two funds that control 5.80%.
Capital Group manages two funds that control 3.18%.
FMR (Fidelity) manages two funds that control 2.14%.
Therefore, the Top 10 control 44.68% of Corrections Corp. of America.

---

GEO Group Begins Intake of Detainees at Detention Facility in Clayton County, Georgia
Almost a million per month. Better than printing money!
Used to be Wackenhut Corrections Corporation. Is GEO a better name?
Update: April 19, 2010: GEO to Buy Cornell Companies for $685 Million.

Symbol Name Of Corporation GEO Major Holders Geo Group Inc. (As of 31-Dec-2007) Top 10 Institutional Holders Shares 2007 Value 2006 FMR LLC 4,528,398 8.89% $126,795,144 -.--% Alger (Fred) Management Inc 3,717,180 7.30% $104,081,040 -.--% Wells Fargo & Company 3,674,141 7.21% $102,875,948 -.--% Friess Associates Inc 2,584,850 5.07% $72,375,800 -.--% Westfield Capital Management Company 2,063,050 4.05% $57,765,400 -.--% Barclays Global Investors UK Holdings Ltd 1,733,196 3.40% $48,529,488 -.--% Schroder Investment Management Group 1,522,800 2.99% $42,638,400 -.--% Rainier Investment Management 1,437,900 2.82% $40,261,200 -.--% Artisan Partners Limited Partnership 1,423,800 2.79% $39,866,400 -.--% Vanguard Group, Inc. (The) 1,370,915 2.69% $38,385,620 -.--% % of Shares Held by All Insider and 5% Owners: 0% -.--% Top 10 [5.9%] of 168 Institutional Holders Control 47.21% -.--% Percentage of Barclays and "Associates" Control 10.61% -.--%

NOTE: FMR (Fidelity) manages a fund that controls 5.43%.
Wells-Fargo manages a fund that controls 4.92%.
Rainier Investment manages a fund that controls 2.18%.
Vanguard manages a fund that controls 1.45%.
Therefore, the TOP 10 controls 61.19% and
Barclays/Associates control 15.53% of the GEO Group.

---

© 2008 by Edward Ulysses Cate
Help Support This Site
Commentary Index
Home