CoreCivic (NYSE:CXW) Rating Increased to Outperform at Noble Financial

CoreCivic (NYSE:CXW - Get Free Report) was upgraded by equities researchers at Noble Financial from a "market perform" rating to an "outperform" rating in a note issued to investors on Wednesday, MarketBeat reports. Noble Financial also issued estimates for CoreCivic's Q1 2025 earnings at $0.35 EPS, Q2 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.43 EPS and Q4 2025 earnings at $0.42 EPS.

Several other equities analysts have also issued reports on the company. Wedbush reaffirmed an "outperform" rating and set a $30.00 price target on shares of CoreCivic in a research note on Tuesday. Northland Securities increased their target price on 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 1.5 %

Shares of CXW traded down $0.28 during trading hours on Wednesday, hitting $18.78. 979,684 shares of the stock traded hands, compared to its average volume of 1,133,325. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. CoreCivic has a 1-year low of $10.74 and a 1-year high of $24.99. The firm has a market capitalization of $2.07 billion, a PE ratio of 28.03 and a beta of 1.00. The business has a fifty day moving average of $21.19 and a 200-day moving average of $17.34.

CoreCivic (NYSE:CXW - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. CoreCivic had a return on equity of 6.55% and a net margin of 3.85%. Analysts expect that CoreCivic will post 1.64 EPS for the current year.

Insider Buying and Selling at CoreCivic

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

Institutional Investors Weigh In On CoreCivic

Large investors have recently modified their holdings of the business. River Road Asset Management LLC grew its holdings in shares of 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 buying an additional 40,365 shares in the last quarter. Cooper Creek Partners Management LLC grew its holdings in shares of CoreCivic by 9.9% during the fourth quarter. Cooper Creek Partners Management LLC now owns 6,127,227 shares of the real estate investment trust's stock worth $133,206,000 after buying an additional 553,336 shares in the last quarter. FMR LLC grew its holdings in shares of CoreCivic by 3.8% during the third quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust's stock worth $64,739,000 after buying an additional 186,310 shares in the last quarter. State Street Corp grew its holdings in shares of CoreCivic by 0.4% during the third quarter. State Street Corp now owns 4,200,268 shares of the real estate investment trust's stock worth $53,133,000 after buying an additional 18,415 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of CoreCivic by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,570,005 shares of the real estate investment trust's stock worth $32,517,000 after buying an additional 18,410 shares in the last quarter. 85.13% of the stock is currently owned by institutional investors.

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.