CoreCivic (NYSE:CXW) Stock Rating Upgraded by StockNews.com

CoreCivic (NYSE:CXW - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Friday.

A number of other research firms also recently issued reports on CXW. Wedbush reiterated an "outperform" rating and set a $30.00 price objective on shares of CoreCivic in a research note on Tuesday, February 11th. Northland Securities lifted their price target on CoreCivic from $17.00 to $32.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, Noble Financial raised CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 12th.

CoreCivic Stock Up 1.7 %

Shares of CXW stock traded up $0.33 during mid-day trading on Friday, hitting $19.16. The stock had a trading volume of 1,658,829 shares, compared to its average volume of 1,332,988. CoreCivic has a 12-month low of $10.74 and a 12-month high of $24.99. 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 firm's 50-day moving average is $21.13 and its two-hundred day moving average is $17.42. The firm has a market capitalization of $2.11 billion, a P/E ratio of 28.59 and a beta of 1.00.

CoreCivic (NYSE:CXW - Get Free Report) last released its quarterly earnings data 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, analysts predict that CoreCivic will post 1.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Anthony L. Grande sold 26,000 shares of the business's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total transaction of $576,680.00. Following the transaction, the executive vice president now directly owns 127,380 shares in the company, valued at $2,825,288.40. The trade was a 16.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Emkes sold 16,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were 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 owns 149,264 shares of the company's stock, valued at approximately $3,388,292.80. This trade represents a 9.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.89% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new stake in shares of CoreCivic during the fourth quarter valued at $43,000. GAMMA Investing LLC lifted its position in CoreCivic by 77.7% during the 3rd quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 1,632 shares during the period. Smartleaf Asset Management LLC grew its stake in CoreCivic by 318.9% during 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 purchasing an additional 1,859 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of CoreCivic by 86,300.0% in the fourth quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust's stock valued at $94,000 after purchasing an additional 4,315 shares during the period. Finally, nVerses Capital LLC lifted its holdings in shares of CoreCivic by 177.4% during the third quarter. nVerses Capital LLC now owns 8,600 shares of the real estate investment trust's stock worth $109,000 after purchasing an additional 5,500 shares during the period. Institutional investors and hedge funds own 85.13% of the company's stock.

About CoreCivic

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.