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 note published on Wednesday.

Several other equities research analysts have also recently weighed in on CXW. Noble Financial upgraded CoreCivic from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 12th. Northland Securities upped their target price on CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Wedbush reiterated an “outperform” rating and issued a $30.00 target price on shares of CoreCivic in a report on Tuesday, February 11th.

CoreCivic Price Performance

CXW opened at $18.12 on Wednesday. The business has a fifty day moving average of $20.69 and a 200 day moving average of $17.68. CoreCivic has a 52-week low of $10.74 and a 52-week high of $24.99. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.65. The stock has a market cap of $2.00 billion, a P/E ratio of 29.70 and a beta of 1.00.

CoreCivic (NYSE:CXW) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share 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%. As a group, sell-side analysts anticipate that CoreCivic will post 1.5 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CXW. abrdn plc raised its position in shares of CoreCivic by 8.7% in the 3rd quarter. abrdn plc now owns 1,031,400 shares of the real estate investment trust’s stock worth $13,047,000 after acquiring an additional 82,500 shares in the last quarter. River Road Asset Management LLC raised its position in shares of CoreCivic by 0.5% in the 3rd quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock worth $108,937,000 after acquiring an additional 40,365 shares in the last quarter. Hourglass Capital LLC raised its position in shares of CoreCivic by 2.1% in the 3rd quarter. Hourglass Capital LLC now owns 121,380 shares of the real estate investment trust’s stock worth $1,535,000 after acquiring an additional 2,490 shares in the last quarter. Chesapeake Capital Corp IL bought a new position in shares of CoreCivic in the 3rd quarter worth $139,000. Finally, Quest Partners LLC raised its position in shares of CoreCivic by 24,217.1% in the 3rd quarter. Quest Partners LLC now owns 17,022 shares of the real estate investment trust’s stock worth $215,000 after acquiring an additional 16,952 shares in the last quarter. 85.13% of the stock is owned by institutional investors.

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.