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

StockNews.com upgraded shares of CoreCivic (NYSE:CXW) from a hold rating to a buy rating in a research note published on Friday morning.

Several other equities research analysts also recently commented on CXW. Northland Securities lifted their price objective 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 restated an “outperform” rating and set a $30.00 target price on shares of CoreCivic in a research report on Tuesday. Finally, Noble Financial upgraded shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday.

CoreCivic Trading Down 1.5 %

NYSE:CXW opened at $18.78 on Friday. CoreCivic has a 12 month low of $10.74 and a 12 month high of $24.99. The firm has a fifty day simple moving average of $21.19 and a 200-day simple moving average of $17.34. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $2.07 billion, a P/E ratio of 28.03 and a beta of 1.00.

CoreCivic (NYSE:CXW) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, topping 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%. On average, equities research analysts anticipate that CoreCivic will post 1.64 earnings per share for the current year.

Insider Buying and Selling at CoreCivic

In other CoreCivic news, EVP Anthony L. Grande sold 26,000 shares of CoreCivic stock in a transaction 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 completion of the transaction, the executive vice president now owns 127,380 shares of the company’s stock, valued at approximately $2,825,288.40. The trade was a 16.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Emkes sold 16,000 shares of CoreCivic stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $22.70, for a total transaction of $363,200.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. 1.89% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cooper Creek Partners Management LLC increased its stake in shares of CoreCivic by 9.9% during 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 purchasing an additional 553,336 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of CoreCivic during the fourth quarter worth about $11,733,000. Forest Avenue Capital Management LP purchased a new stake in shares of CoreCivic during the fourth quarter worth about $11,205,000. Tudor Investment Corp ET AL increased its stake in shares of CoreCivic by 1,398.6% during the fourth quarter. Tudor Investment Corp ET AL now owns 411,772 shares of the real estate investment trust’s stock worth $8,952,000 after purchasing an additional 384,295 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of CoreCivic by 13,071.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 253,147 shares of the real estate investment trust’s stock worth $5,503,000 after purchasing an additional 251,225 shares in the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

About CoreCivic

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.