CoreCivic (NYSE:CXW) Upgraded to “Buy” by StockNews.com

CoreCivic (NYSE:CXWGet Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Sunday.

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

View Our Latest Research Report on CXW

CoreCivic Trading Down 1.0 %

Shares of CXW stock opened at $14.69 on Friday. The company has a quick ratio of 1.38, 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 $14.25 and a two-hundred day moving average price of $12.53. CoreCivic has a 12-month low of $7.84 and a 12-month high of $15.17. The firm has a market cap of $1.67 billion, a P/E ratio of 24.89 and a beta of 0.81.

Insider Activity

In other news, EVP Cole G. Carter sold 39,345 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $13.53, for a total value of $532,337.85. Following the completion of the sale, 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 available at this hyperlink. 1.89% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CXW. GAMMA Investing LLC purchased a new position in CoreCivic during the 4th quarter valued at about $29,000. Criterion Capital Advisors LLC purchased a new position in CoreCivic during the 4th quarter valued at about $32,000. Quantbot Technologies LP purchased a new position in CoreCivic during the 1st quarter valued at about $36,000. Quarry LP purchased a new position in CoreCivic during the 1st quarter valued at about $57,000. Finally, Lazard Asset Management LLC purchased a new position in CoreCivic during the 2nd quarter valued at about $58,000. Hedge funds and other 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.

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