CoreCivic (NYSE:CXW) Upgraded at StockNews.com

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

CXW has been the subject of several other research reports. Northland Securities boosted their price target on shares of CoreCivic from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Wedbush boosted their price target on shares of CoreCivic from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Monday, April 8th.

CoreCivic Stock Performance

NYSE CXW traded down $0.26 on Wednesday, hitting $14.86. 403,450 shares of the company’s stock traded hands, compared to its average volume of 917,720. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.73. CoreCivic has a 1-year low of $7.84 and a 1-year high of $16.24. The firm’s 50-day moving average price is $15.03 and its two-hundred day moving average price is $14.06. The firm has a market capitalization of $1.66 billion, a PE ratio of 25.19 and a beta of 0.81.

CoreCivic (NYSE:CXW) last posted its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.17). The firm had revenue of $491.25 million for the quarter, compared to analysts’ expectations of $489.62 million. CoreCivic had a net margin of 3.56% and a return on equity of 4.70%. As a group, analysts expect that CoreCivic will post 1.31 EPS for the current year.

Insider Buying and Selling at CoreCivic

In other CoreCivic news, CEO Damon T. Hininger sold 50,525 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $14.62, for a total value of $738,675.50. Following the transaction, the chief executive officer now owns 820,262 shares of the company’s stock, valued at $11,992,230.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Damon T. Hininger sold 50,525 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $14.62, for a total transaction of $738,675.50. Following the sale, the chief executive officer now owns 820,262 shares of the company’s stock, valued at $11,992,230.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anthony L. Grande sold 15,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $14.50, for a total transaction of $217,500.00. Following the sale, the executive vice president now directly owns 186,692 shares in the company, valued at approximately $2,707,034. The disclosure for this sale can be found here. 2.21% of the stock is currently owned by corporate insiders.

Institutional Trading of CoreCivic

Several hedge funds have recently added to or reduced their stakes in CXW. GAMMA Investing LLC acquired a new stake in CoreCivic during the fourth quarter worth approximately $29,000. Criterion Capital Advisors LLC acquired a new stake in CoreCivic during the fourth quarter worth approximately $32,000. Quantbot Technologies LP acquired a new position in shares of CoreCivic in the 1st quarter valued at $36,000. Quarry LP acquired a new position in shares of CoreCivic in the 1st quarter valued at $57,000. Finally, Lazard Asset Management LLC acquired a new position in shares of CoreCivic in the 2nd quarter valued at $58,000. 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.