CoreCivic (NYSE:CXW) Rating Increased to Outperform at Noble Financial

CoreCivic (NYSE:CXW) was upgraded by equities research analysts at Noble Financial from a “market perform” rating to an “outperform” rating in a report released on Wednesday,Finviz reports.

Several other equities research analysts have also issued reports on the stock. Northland Securities increased their target price on shares of CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Wedbush reiterated an “outperform” rating and set a $30.00 price target on shares of CoreCivic in a research report on Tuesday.

CoreCivic Price Performance

NYSE CXW opened at $18.09 on Wednesday. The stock’s fifty day moving average price is $21.35 and its 200 day moving average price is $17.28. CoreCivic has a 1 year low of $10.74 and a 1 year high of $24.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 26.99 and a beta of 1.00.

CoreCivic (NYSE:CXW) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. CoreCivic had a net margin of 3.85% and a return on equity of 6.55%. As a group, equities research analysts forecast that CoreCivic will post 1.64 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Anthony L. Grande sold 26,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total value of $576,680.00. Following the transaction, the executive vice president now owns 127,380 shares of the company’s stock, valued at $2,825,288.40. This represents a 16.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Emkes sold 16,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $22.70, for a total value of $363,200.00. Following the sale, the director now directly owns 149,264 shares of the company’s stock, valued at $3,388,292.80. The trade was a 9.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.89% of the stock is owned by company insiders.

Hedge Funds Weigh In On CoreCivic

Several hedge funds have recently bought and sold shares of CXW. GAMMA Investing LLC grew its stake in CoreCivic by 77.7% during the 3rd quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,632 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of CoreCivic by 318.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 1,859 shares during the period. nVerses Capital LLC increased its stake in shares of CoreCivic by 177.4% during the third quarter. nVerses Capital LLC now owns 8,600 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 5,500 shares during the period. KBC Group NV raised its holdings in CoreCivic by 57.3% in the fourth quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 1,995 shares in the last quarter. Finally, Chesapeake Capital Corp IL purchased a new position in CoreCivic in the third quarter worth approximately $139,000. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic Company Profile

CoreCivic, Inc owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions.