Company Overview - CoreCivic is a leading owner and operator of partnership correctional, detention, and reentry facilities, with a national footprint and diversified service offerings [6] - The company focuses on operational efficiency and rehabilitation outcomes, providing comprehensive solutions to government partners [6] - CoreCivic serves federal, state, and local government agencies seeking outsourced correctional management and reentry support services [9] Financial Performance - For the fourth quarter of 2025, CoreCivic reported revenue of $604 million, representing a 26% year-over-year increase [10] - The full-year net income for 2025 was $116.5 million, up 69% from the previous year, with diluted EPS climbing to $1.08 [10] - As of February 24, 2026, the company's shares were priced at $16.47, reflecting a 9.7% decline over the past year [8][10] Recent Developments - On February 25, 2026, Hahn Capital Management disclosed a new position in CoreCivic, acquiring 241,322 shares valued at $4.61 million [1][2] - This acquisition represents 2.49% of Hahn Capital's reportable equity assets as of December 31, 2025 [8] - CoreCivic's management anticipates another growth year in 2026, with EPS guidance of $1.49 to $1.59 [10] Market Position - CoreCivic's stock is currently trading at approximately $16 per share, which is seen as undervalued given the improving earnings and expanding federal demand [11] - The company has a balance sheet with a net debt to EBITDA ratio of 2.8x and repurchased 11.2 million shares in 2025, indicating confidence in its intrinsic value [11] - The investment by Hahn Capital is viewed as a contrarian bet in a politically sensitive sector, as the company’s financials show positive trends despite the stock lagging behind the market [10][12]