CoreCivic (NYSE:CXW) Receives Outperform Rating from Wedbush

Wedbush restated their outperform rating on shares of CoreCivic (NYSE:CXW) in a report published on Tuesday morning,RTT News reports. Wedbush currently has a $30.00 price target on the real estate investment trust’s stock. Wedbush also issued estimates for CoreCivic’s Q1 2025 earnings at $0.34 EPS, Q2 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.38 EPS and FY2025 earnings at $1.46 EPS.

Separately, Northland Securities raised their target price on shares of CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, November 8th.

CoreCivic Price Performance

Shares of CXW opened at $19.05 on Tuesday. The stock has a market capitalization of $2.10 billion, a P/E ratio of 28.44 and a beta of 1.00. CoreCivic has a twelve month low of $10.74 and a twelve month high of $24.99. The company has a 50 day moving average of $21.30 and a 200-day moving average of $17.29. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.66.

CoreCivic (NYSE:CXW) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.06. CoreCivic had a net margin of 3.85% and a return on equity of 6.55%. As a group, equities research analysts forecast that CoreCivic will post 1.64 EPS for the current fiscal year.

Insider Activity at CoreCivic

In other CoreCivic news, EVP Anthony L. Grande sold 26,000 shares of the firm’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 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Emkes sold 16,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $22.70, for a total value of $363,200.00. Following the sale, the director now directly owns 149,264 shares of the company’s stock, valued at $3,388,292.80. This represents a 9.68 % decrease in their position. The disclosure for this sale can be found here. 1.89% of the stock is owned by company insiders.

Institutional Investors Weigh In On CoreCivic

Several hedge funds have recently added to or reduced their stakes in CXW. The Manufacturers Life Insurance Company lifted its holdings in CoreCivic by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 57,424 shares of the real estate investment trust’s stock valued at $745,000 after purchasing an additional 1,401 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of CoreCivic by 77.7% during the third quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 1,632 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of CoreCivic by 25.4% during the third quarter. Exchange Traded Concepts LLC now owns 55,862 shares of the real estate investment trust’s stock worth $707,000 after buying an additional 11,332 shares in the last quarter. 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 buying an additional 5,500 shares in the last quarter. Finally, abrdn plc lifted its holdings in shares of CoreCivic by 8.7% during the third quarter. abrdn plc now owns 1,031,400 shares of the real estate investment trust’s stock worth $13,047,000 after buying an additional 82,500 shares in the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

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.