CoreCivic (NYSE:CXW) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of CoreCivic (NYSE:CXW) from a buy rating to a hold rating in a report released on Tuesday.

A number of other equities analysts have also recently commented on CXW. Wedbush reissued an “outperform” rating and issued a $30.00 price target on shares of CoreCivic in a research note on Tuesday, February 11th. Noble Financial raised shares of CoreCivic from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 12th.

CoreCivic Stock Up 0.8 %

Shares of NYSE:CXW opened at $22.83 on Tuesday. The firm has a fifty day moving average price of $20.39 and a two-hundred day moving average price of $20.08. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 37.42 and a beta of 0.86. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.51. CoreCivic has a one year low of $10.74 and a one year high of $24.99.

CoreCivic (NYSE:CXW) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, topping the consensus estimate of $0.33 by $0.06. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. Analysts anticipate that CoreCivic will post 1.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. purchased a new stake in shares of CoreCivic in the 4th quarter valued at $43,000. Smartleaf Asset Management LLC lifted its stake in CoreCivic by 318.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 1,859 shares during the last quarter. Copia Wealth Management purchased a new stake in CoreCivic during the fourth quarter valued at about $82,000. Russell Investments Group Ltd. grew its stake in shares of CoreCivic by 86,300.0% during the fourth quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 4,315 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of CoreCivic by 25.5% in the fourth quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 953 shares during the period. 85.13% of the stock is currently owned by institutional investors.

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.