CoreCivic (NYSE:CXW) Raised to Buy at StockNews.com

StockNews.com upgraded shares of CoreCivic (NYSE:CXWFree Report) from a hold rating to a buy rating in a research note issued to investors on Sunday.

Other equities analysts have also recently issued research reports about the company. Wedbush raised their price target on CoreCivic from $17.00 to $18.00 and gave the company an outperform rating in a report on Friday. Northland Securities began coverage on CoreCivic in a report on Thursday, October 19th. They set an outperform rating and a $16.00 price target for the company.

Check Out Our Latest Stock Report on CoreCivic

CoreCivic Stock Performance

NYSE:CXW opened at $14.84 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 0.73. CoreCivic has a 12-month low of $7.84 and a 12-month high of $15.17. The stock has a 50-day moving average price of $14.24 and a 200 day moving average price of $12.49. The stock has a market capitalization of $1.69 billion, a P/E ratio of 25.15 and a beta of 0.81.

Insider Transactions at CoreCivic

In other news, EVP Cole G. Carter sold 39,345 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $13.53, for a total transaction of $532,337.85. Following the transaction, the executive vice president now owns 181,817 shares of the company’s stock, valued at approximately $2,459,984.01. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.89% of the company’s stock.

Hedge Funds Weigh In On CoreCivic

Several large investors have recently modified their holdings of CXW. Charles Schwab Investment Management Inc. increased its position in shares of CoreCivic by 114.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,523,221 shares of the real estate investment trust’s stock valued at $23,214,000 after purchasing an additional 1,349,325 shares during the last quarter. Employees Retirement System of Texas purchased a new position in CoreCivic during the 1st quarter valued at $10,889,000. Arrowstreet Capital Limited Partnership boosted its holdings in CoreCivic by 318.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,205,074 shares of the real estate investment trust’s stock valued at $13,931,000 after acquiring an additional 917,105 shares during the period. Cooper Creek Partners Management LLC boosted its holdings in CoreCivic by 24.2% during the 3rd quarter. Cooper Creek Partners Management LLC now owns 3,297,002 shares of the real estate investment trust’s stock valued at $37,091,000 after acquiring an additional 641,576 shares during the period. Finally, Millennium Management LLC boosted its holdings in CoreCivic by 92.4% during the 4th quarter. Millennium Management LLC now owns 1,082,662 shares of the real estate investment trust’s stock valued at $12,516,000 after acquiring an additional 520,043 shares during the period. Institutional investors own 80.89% of the company’s stock.

CoreCivic Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for CoreCivic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreCivic and related companies with MarketBeat.com's FREE daily email newsletter.