CoreCivic (NYSE:CXW) Rating Increased to Buy at StockNews.com

CoreCivic (NYSE:CXWGet Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Sunday.

CXW has been the subject of a number of other research reports. Wedbush upped their target price on CoreCivic from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday. Northland Securities initiated coverage on CoreCivic in a research report on Thursday, October 19th. They set an “outperform” rating and a $16.00 target price for the company.

Get Our Latest Analysis on CXW

CoreCivic Trading Down 1.0 %

Shares of NYSE CXW opened at $14.69 on Friday. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 24.89 and a beta of 0.81. The business has a 50 day simple moving average of $14.25 and a 200 day simple moving average of $12.53. CoreCivic has a 52 week low of $7.84 and a 52 week high of $15.17. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.38 and a current ratio of 1.60.

Insider Activity at CoreCivic

In other CoreCivic news, EVP Cole G. Carter sold 39,345 shares of CoreCivic stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $13.53, for a total transaction of $532,337.85. Following the completion of the transaction, the executive vice president now directly owns 181,817 shares of the company’s stock, valued at $2,459,984.01. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.89% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SummerHaven Investment Management LLC increased its position in CoreCivic by 1.0% in the fourth quarter. SummerHaven Investment Management LLC now owns 77,913 shares of the real estate investment trust’s stock worth $1,132,000 after purchasing an additional 760 shares during the period. Commonwealth Equity Services LLC increased its position in CoreCivic by 4.1% in the third quarter. Commonwealth Equity Services LLC now owns 28,741 shares of the real estate investment trust’s stock worth $323,000 after purchasing an additional 1,121 shares during the period. ProShare Advisors LLC increased its position in CoreCivic by 7.2% in the second quarter. ProShare Advisors LLC now owns 17,767 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 1,193 shares during the period. Price T Rowe Associates Inc. MD increased its position in CoreCivic by 1.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 78,169 shares of the real estate investment trust’s stock worth $904,000 after purchasing an additional 1,196 shares during the period. Finally, LPL Financial LLC increased its position in CoreCivic by 7.1% in the fourth quarter. LPL Financial LLC now owns 18,253 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 1,207 shares during the period. 80.89% of the stock is owned by institutional investors.

About CoreCivic

(Get Free Report)

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.

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