CoreCivic (NYSE:CXW) Stock Rating Upgraded by Noble Financial

CoreCivic (NYSE:CXW) was upgraded by investment analysts at Noble Financial from a “market perform” rating to an “outperform” rating in a research note issued on Wednesday, MarketBeat reports.

Other equities research analysts also recently issued reports about the stock. Wedbush reissued an “outperform” rating and set a $30.00 price target on shares of CoreCivic in a research note on Tuesday. Northland Securities upped their target price on shares of CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, November 8th.

CoreCivic Trading Down 0.7 %

CXW opened at $19.05 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 28.44 and a beta of 1.00. The firm has a 50 day simple moving average of $21.30 and a 200 day simple moving average of $17.29. CoreCivic has a fifty-two week low of $10.74 and a fifty-two week high of $24.99.

CoreCivic (NYSE:CXW) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. CoreCivic had a net margin of 3.85% and a return on equity of 6.55%. On average, sell-side analysts anticipate that CoreCivic will post 1.64 earnings per share for the current year.

Insider Buying and Selling at CoreCivic

In other news, EVP Anthony L. Grande sold 26,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total value of $576,680.00. Following the completion of the transaction, the executive vice president now owns 127,380 shares in the company, valued at $2,825,288.40. This represents a 16.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Emkes sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $22.70, for a total transaction of $363,200.00. Following the completion of the transaction, the director now owns 149,264 shares of the company’s stock, valued at $3,388,292.80. This trade represents a 9.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.89% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of CoreCivic by 47.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,459 shares of the real estate investment trust’s stock valued at $2,447,000 after buying an additional 62,022 shares during the period. Barclays PLC boosted its holdings in CoreCivic by 312.4% during the third quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust’s stock worth $2,331,000 after purchasing an additional 139,631 shares during the last quarter. River Road Asset Management LLC boosted its holdings in CoreCivic by 0.5% during the third 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 purchasing an additional 40,365 shares during the last quarter. Algert Global LLC boosted its holdings in CoreCivic by 348.2% during the third quarter. Algert Global LLC now owns 50,883 shares of the real estate investment trust’s stock worth $644,000 after purchasing an additional 39,530 shares during the last quarter. Finally, Tandem Financial LLC acquired a new position in CoreCivic during the fourth quarter worth $573,000. 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.