CoreCivic (NYSE:CXW) Upgraded at StockNews.com

StockNews.com upgraded shares of CoreCivic (NYSE:CXW) from a hold rating to a buy rating in a research report sent to investors on Friday.

CXW has been the subject of a number of other research reports. Northland Securities upped their price target on CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Noble Financial raised CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 12th. Finally, Wedbush reaffirmed an “outperform” rating and set a $30.00 price target on shares of CoreCivic in a research report on Tuesday, February 11th.

CoreCivic Trading Down 1.5 %

NYSE CXW opened at $18.78 on Friday. CoreCivic has a 1-year low of $10.74 and a 1-year high of $24.99. 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 stock has a 50-day moving average of $21.19 and a 200-day moving average of $17.38. The firm has a market cap of $2.07 billion, a PE ratio of 28.03 and a beta of 1.00.

CoreCivic (NYSE:CXW) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. CoreCivic had a return on equity of 6.55% and a net margin of 3.85%. As a group, sell-side analysts forecast that CoreCivic will post 1.64 EPS for the current year.

Insiders Place Their Bets

In other CoreCivic news, Director Mark A. Emkes sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $22.70, for a total transaction of $363,200.00. Following the transaction, the director now owns 149,264 shares in the company, valued at approximately $3,388,292.80. This represents a 9.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anthony L. Grande sold 26,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $2,825,288.40. This trade represents 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.

Institutional Trading of CoreCivic

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new stake in shares of CoreCivic in the 4th quarter worth approximately $43,000. Smartleaf Asset Management LLC grew its stake in shares of CoreCivic by 318.9% in the 4th 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 last quarter. GAMMA Investing LLC grew its stake in shares of CoreCivic by 77.7% in the 3rd quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 1,632 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of CoreCivic by 86,300.0% in the 4th quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 4,315 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of CoreCivic by 57.3% in the 4th quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 1,995 shares during 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.