CoreCivic (NYSE:CXW) Sets New 12-Month High – Here’s What Happened

CoreCivic, Inc. (NYSE:CXW)’s share price reached a new 52-week high on Monday . The company traded as high as $30.95 and last traded at $30.6960, with a volume of 2646352 shares changing hands. The stock had previously closed at $30.77.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CXW. Weiss Ratings cut shares of CoreCivic from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 16th. Northland Securities set a $40.00 price target on CoreCivic in a research report on Friday. Benchmark increased their price objective on CoreCivic from $28.00 to $36.00 and gave the company a “buy” rating in a report on Friday. Finally, Wall Street Zen downgraded CoreCivic from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.33.

CoreCivic Price Performance

The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 25.09 and a beta of 0.67. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.99. The stock has a fifty day simple moving average of $23.08 and a 200-day simple moving average of $20.47.

CoreCivic (NYSE:CXW) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The company had revenue of $614.73 million for the quarter, compared to the consensus estimate of $604.48 million. CoreCivic had a net margin of 5.53% and a return on equity of 9.29%. The firm’s revenue was up 25.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 earnings per share. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. As a group, equities research analysts expect that CoreCivic, Inc. will post 2.66 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. NBC Securities Inc. boosted its position in CoreCivic by 533.9% during the fourth quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,228 shares during the period. Leonteq Securities AG bought a new position in CoreCivic in the fourth quarter valued at approximately $57,000. Smartleaf Asset Management LLC raised its holdings 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 buying an additional 702 shares in the last quarter. Fifth Third Bancorp increased its position in CoreCivic by 320.7% during the 4th quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 2,546 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of CoreCivic in the 4th quarter valued at $71,000. Institutional investors and hedge funds own 85.13% of the company’s stock.

About CoreCivic

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.