CoreCivic (NYSE:CXW) Reaches New 1-Year High at $15.35

CoreCivic, Inc. (NYSE:CXWGet Free Report) reached a new 52-week high on Thursday . The stock traded as high as $15.35 and last traded at $15.35, with a volume of 154532 shares trading hands. The stock had previously closed at $14.81.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. StockNews.com cut CoreCivic from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Wedbush lifted their price target on CoreCivic from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, February 9th.

View Our Latest Report on CXW

CoreCivic Trading Up 2.1 %

The company has a market cap of $1.70 billion, a P/E ratio of 25.10 and a beta of 0.81. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $14.34 and a two-hundred day moving average price of $12.89.

CoreCivic (NYSE:CXWGet Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.17). CoreCivic had a return on equity of 4.70% and a net margin of 3.56%. The firm had revenue of $491.25 million for the quarter, compared to analyst estimates of $489.62 million. On average, analysts predict that CoreCivic, Inc. will post 1.3 EPS for the current year.

Insider Activity

In other CoreCivic news, EVP Anthony L. Grande sold 15,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $14.50, for a total value of $217,500.00. Following the sale, the executive vice president now owns 186,692 shares of the company’s stock, valued at approximately $2,707,034. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.89% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SummerHaven Investment Management LLC increased its position in CoreCivic by 1.0% in the 4th quarter. SummerHaven Investment Management LLC now owns 77,913 shares of the real estate investment trust’s stock valued at $1,132,000 after buying an additional 760 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in CoreCivic by 4.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 28,741 shares of the real estate investment trust’s stock worth $323,000 after purchasing an additional 1,121 shares in the last quarter. ProShare Advisors LLC increased its holdings in CoreCivic by 7.2% during the 2nd quarter. ProShare Advisors LLC now owns 17,767 shares of the real estate investment trust’s stock worth $167,000 after purchasing an additional 1,193 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in CoreCivic by 1.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 78,169 shares of the real estate investment trust’s stock worth $904,000 after purchasing an additional 1,196 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in CoreCivic by 7.1% during the 4th quarter. LPL Financial LLC now owns 18,253 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 1,207 shares in the last quarter. 80.89% of the stock is owned by institutional investors and hedge funds.

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.

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