Corrections Corporation of America (CCA) is the largest for-profit prison company in the United States. As of their latest filing, March 31, 2013, the Company operated 67 correctional and detention facilities, including 51 facilities that it owned, with a total capacity of approximately 92,500 beds in 20 states and the District of Columbia.
Their top institutional investors include:
- The Vanguard Group, Inc. owning 12,397,823 shares or 12.29% of common stock (up from 5.38% in 2011)
- BlackRock, Inc. owning 5,383,733 shares or 5.34% of common stock (up from 4.99% in 2011)
- Fidelity Management and Research LLC owning 5,092,363 or 5.05% of common stock
The GEO Group (GEO) is the second largest for-profit private prison company in the United States operating 55 correctional and detention facilities in 16 states.
As of March 2013, their top institutional investors include:
- Scopia Fund Management LLC owning 10,717,268 shares or 14.84% of common stock (up from 12.20% in 2011)
- Vanguard Group, Inc. owning 8,997,661 shares or 12.57% of common stock (up from 5.33% in 2011)
- Fidelity Management and Research LLC owning 5,338,951 shares or 7.46% of common stock (down from 14.8% in 2011)
- BlackRock, Inc. owning 4,655,233 shares or 6.5% of common stock (down from 7.8% in 2011)
Sources: U.S. Securities and Exchange Commission
All I feel like saying is, if they want to get into government business, let’s nationalize them!