CoreCivic (NYSE:CXW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CoreCivic (NYSE:CXW) from a hold rating to a buy rating in a report issued on Sunday morning.

Separately, JonesTrading reaffirmed a “buy” rating and set a $30.00 price objective on shares of CoreCivic in a research note on Friday, February 13th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

CoreCivic Stock Down 1.2%

Shares of NYSE CXW opened at $17.71 on Friday. CoreCivic has a 52-week low of $15.73 and a 52-week high of $23.54. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.66 and a current ratio of 1.66. The business has a fifty day moving average of $18.75 and a two-hundred day moving average of $18.91. The stock has a market cap of $1.73 billion, a PE ratio of 16.39 and a beta of 0.72.

CoreCivic (NYSE:CXW) last posted its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.16). CoreCivic had a return on equity of 8.17% and a net margin of 5.27%.The firm had revenue of $603.95 million during the quarter, compared to the consensus estimate of $585.12 million. During the same period in the previous year, the company posted $0.39 EPS. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. As a group, equities research analysts expect that CoreCivic will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CXW. Vanguard Group Inc. grew its holdings in CoreCivic by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 12,713,519 shares of the real estate investment trust’s stock worth $242,955,000 after acquiring an additional 138,846 shares during the last quarter. River Road Asset Management LLC lifted its position in shares of CoreCivic by 3.3% during the fourth quarter. River Road Asset Management LLC now owns 8,978,240 shares of the real estate investment trust’s stock worth $171,574,000 after purchasing an additional 287,108 shares in the last quarter. Rubric Capital Management LP grew its stake in shares of CoreCivic by 140.6% during the third quarter. Rubric Capital Management LP now owns 1,961,446 shares of the real estate investment trust’s stock valued at $39,915,000 after purchasing an additional 1,146,166 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of CoreCivic by 13.8% during the third quarter. Allianz Asset Management GmbH now owns 1,856,230 shares of the real estate investment trust’s stock valued at $37,774,000 after purchasing an additional 224,747 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in shares of CoreCivic by 361.3% in the second quarter. Balyasny Asset Management L.P. now owns 1,260,637 shares of the real estate investment trust’s stock valued at $26,562,000 after purchasing an additional 987,375 shares in the last quarter. 85.13% of the stock is owned by institutional investors.

CoreCivic Company Profile

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.