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 issued to investors on Wednesday.

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

CoreCivic Stock Down 0.8 %

NYSE:CXW opened at $18.77 on Wednesday. The firm’s 50 day simple moving average is $20.65 and its 200 day simple moving average is $17.69. 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. The company has a market cap of $2.04 billion, a PE ratio of 30.77 and a beta of 1.00.

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 net margin of 3.51% and a return on equity of 5.97%. On average, research analysts anticipate that CoreCivic will post 1.5 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CXW. Meeder Asset Management Inc. acquired a new position in shares of CoreCivic in the 4th quarter worth approximately $43,000. Smartleaf Asset Management LLC increased 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 valued at $53,000 after acquiring an additional 1,859 shares in the last quarter. Russell Investments Group Ltd. increased 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 valued at $94,000 after acquiring an additional 4,315 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of CoreCivic by 25.5% in the 4th quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 953 shares in the last quarter. Finally, KBC Group NV increased 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 valued at $119,000 after acquiring an additional 1,995 shares in the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

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.