CoreCivic’s (CXW) Outperform Rating Reiterated at Wedbush

Wedbush reissued their outperform rating on shares of CoreCivic (NYSE:CXW) in a research note released on Tuesday morning,RTT News reports. They currently have a $30.00 target price 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 upped their target price on shares of CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

CoreCivic Stock Down 0.7 %

CXW opened at $19.05 on Tuesday. The firm’s 50-day simple moving average is $21.30 and its 200-day simple moving average is $17.29. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.51. CoreCivic has a twelve month low of $10.74 and a twelve month high of $24.99. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 28.44 and a beta of 1.00.

CoreCivic (NYSE:CXW) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 EPS 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%. Equities research analysts anticipate that CoreCivic will post 1.64 EPS for the current fiscal year.

Insider Activity at CoreCivic

In related news, EVP Anthony L. Grande sold 26,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total value of $576,680.00. Following the sale, the executive vice president now directly owns 127,380 shares in the company, valued at $2,825,288.40. This trade represents a 16.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark A. Emkes sold 16,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $22.70, for a total transaction of $363,200.00. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. 1.89% of the stock is currently owned by corporate insiders.

Institutional Trading of CoreCivic

Several hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can raised its holdings in CoreCivic by 8.0% during the 4th quarter. Bank of Montreal Can now owns 12,742 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 944 shares during the period. GAMMA Investing LLC raised its holdings in CoreCivic by 25.5% during the 4th quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 953 shares during the period. The Manufacturers Life Insurance Company raised 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 worth $745,000 after buying an additional 1,401 shares during the period. Exchange Traded Concepts LLC raised its holdings in CoreCivic by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 57,312 shares of the real estate investment trust’s stock worth $1,246,000 after buying an additional 1,450 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings 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 worth $53,000 after buying an additional 1,859 shares during the period. 85.13% of the stock is currently owned by institutional investors and hedge funds.

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.