CoreCivic (NYSE:CXW) Upgraded by StockNews.com to Buy Rating

CoreCivic (NYSE:CXW) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

A number of other equities analysts have also recently weighed in on the company. Northland Securities upped their price target on CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Wedbush restated an “outperform” rating and issued a $30.00 target price on shares of CoreCivic in a research note on Tuesday, February 11th. Finally, Noble Financial raised shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research note on Wednesday.

CoreCivic Trading Down 1.5 %

Shares of CXW stock opened at $18.78 on Friday. CoreCivic has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. The firm’s 50 day moving average price is $21.19 and its two-hundred day moving average price is $17.36. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 28.03 and a beta of 1.00. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.66.

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

Insider Activity

In related news, Director Mark A. Emkes sold 16,000 shares of CoreCivic 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 completion of the transaction, the director now directly owns 149,264 shares in the company, valued at approximately $3,388,292.80. This trade represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Anthony L. Grande sold 26,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total value of $576,680.00. Following the sale, the executive vice president now owns 127,380 shares in the company, valued at $2,825,288.40. The trade was a 16.95 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.89% of the company’s stock.

Hedge Funds Weigh In On CoreCivic

Hedge funds have recently added to or reduced their stakes in the business. River Road Asset Management LLC raised its holdings in shares of CoreCivic by 0.5% during the third quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock worth $108,937,000 after purchasing an additional 40,365 shares during the period. Cooper Creek Partners Management LLC lifted its holdings in CoreCivic by 9.9% in the fourth quarter. Cooper Creek Partners Management LLC now owns 6,127,227 shares of the real estate investment trust’s stock worth $133,206,000 after acquiring an additional 553,336 shares during the last quarter. FMR LLC boosted its stake in CoreCivic by 3.8% in the third quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock valued at $64,739,000 after acquiring an additional 186,310 shares during the period. State Street Corp grew its holdings in shares of CoreCivic by 0.4% during the third quarter. State Street Corp now owns 4,200,268 shares of the real estate investment trust’s stock valued at $53,133,000 after purchasing an additional 18,415 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of CoreCivic by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,570,005 shares of the real estate investment trust’s stock worth $32,517,000 after purchasing an additional 18,410 shares during the period. 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.