CoreCivic, Inc. (NYSE:CXW – Get Free Report) EVP Daren Swenson sold 20,000 shares of CoreCivic stock in a transaction on Friday, September 11th. The stock was sold at an average price of $34.85, for a total value of $697,000.00. Following the transaction, the executive vice president directly owned 142,666 shares of the company’s stock, valued at approximately $4,971,910.10. This represents a 12.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
CoreCivic Stock Up 1.5%
CoreCivic stock opened at $34.93 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 27.95 and a beta of 0.60. CoreCivic, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $35.30. The stock’s fifty day moving average is $32.28 and its two-hundred day moving average is $25.48.
CoreCivic (NYSE:CXW – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. The business had revenue of $684.92 million for the quarter, compared to analyst estimates of $618.63 million. CoreCivic had a net margin of 5.15% and a return on equity of 9.22%. The business’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 EPS. CoreCivic has set its FY 2026 guidance at 2.610-2.700 EPS. Analysts predict that CoreCivic, Inc. will post 2.69 EPS for the current fiscal year.
Hedge Funds Weigh In On CoreCivic
Several institutional investors and hedge funds have recently modified their holdings of CXW. Persistent Asset Partners Ltd acquired a new stake in CoreCivic during the second quarter worth approximately $52,000. Leonteq Securities AG acquired a new position in CoreCivic in the 4th quarter valued at $57,000. Smartleaf Asset Management LLC lifted its stake in shares of CoreCivic by 33.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 702 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of CoreCivic during the 4th quarter worth $71,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of CoreCivic during the second quarter worth $120,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the stock. Benchmark raised their price objective on shares of CoreCivic from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. JonesTrading reaffirmed a “buy” rating and issued a $30.00 target price on shares of CoreCivic in a research note on Wednesday, August 5th. Northland Securities set a $40.00 target price on CoreCivic in a report on Friday, June 26th. Weiss Ratings raised CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. Finally, Noble Financial restated an “outperform” rating on shares of CoreCivic in a research report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, CoreCivic currently has an average rating of “Buy” and an average target price of $37.00.
Check Out Our Latest Stock Report on CXW
About CoreCivic
CoreCivic, Inc (NYSE: CXW) is a diversified government-solutions company that provides detention, corrections and residential reentry services. The company partners with federal, state and local government agencies to design, develop, own, lease and manage correctional and detention facilities in the United States.
Through its CoreCivic Safety operations, the company manages correctional and detention facilities and provides related services, including security, inmate care, transportation and rehabilitation programs.
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