Corecivic (NYSE:CXW) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a report issued on Monday, TheStreetRatingsTable reports.

CXW has been the subject of several other research reports. Zacks Investment Research cut shares of Corecivic from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. ValuEngine raised shares of Corecivic from a “sell” rating to a “hold” rating in a research report on Saturday, May 18th.

Shares of Corecivic stock opened at $23.53 on Monday. The stock has a market capitalization of $2.71 billion, a PE ratio of 10.19 and a beta of 1.17. Corecivic has a 52-week low of $17.16 and a 52-week high of $26.09. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.03 and a quick ratio of 1.03.

Corecivic (NYSE:CXW) last announced its earnings results on Wednesday, May 8th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.18). The business had revenue of $484.06 million during the quarter, compared to the consensus estimate of $466.75 million. Corecivic had a net margin of 9.09% and a return on equity of 12.72%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS. As a group, analysts anticipate that Corecivic will post 2.5 earnings per share for the current year.

In related news, Director Thurgood Marshall, Jr. sold 7,200 shares of the company’s stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $19.30, for a total transaction of $138,960.00. Following the completion of the sale, the director now owns 36,447 shares of the company’s stock, valued at $703,427.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.24% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC raised its stake in Corecivic by 17.1% during the first quarter. Advisory Services Network LLC now owns 3,591 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 524 shares in the last quarter. HighTower Advisors LLC raised its stake in Corecivic by 8.5% during the first quarter. HighTower Advisors LLC now owns 13,982 shares of the real estate investment trust’s stock worth $272,000 after acquiring an additional 1,099 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Corecivic by 14.2% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,471 shares of the real estate investment trust’s stock worth $301,000 after acquiring an additional 1,926 shares in the last quarter. SEI Investments Co raised its stake in Corecivic by 14.5% during the first quarter. SEI Investments Co now owns 11,217 shares of the real estate investment trust’s stock worth $229,000 after acquiring an additional 1,422 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Corecivic by 56.2% during the first quarter. Goldman Sachs Group Inc. now owns 315,909 shares of the real estate investment trust’s stock worth $6,145,000 after acquiring an additional 113,712 shares in the last quarter. 80.68% of the stock is owned by institutional investors and hedge funds.

Corecivic Company Profile

CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through corrections and detention management, a growing network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.

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