CoreCivic (NYSE:CXW) Upgraded at Wedbush

Wedbush upgraded shares of CoreCivic (NYSE:CXW) from a neutral rating to an outperform rating in a research note released on Tuesday, Marketbeat.com reports. The firm currently has $30.00 price target on the real estate investment trust’s stock, up from their previous price target of $19.00. Wedbush also issued estimates for CoreCivic’s Q1 2025 earnings at $0.39 EPS, Q2 2025 earnings at $0.42 EPS, Q3 2025 earnings at $0.45 EPS, Q4 2025 earnings at $0.46 EPS, FY2025 earnings at $1.71 EPS and FY2026 earnings at $0.00 EPS.

Separately, Northland Securities upped their price objective on CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, November 8th.

CoreCivic Stock Performance

Shares of CoreCivic stock opened at $22.03 on Tuesday. The stock’s fifty day moving average is $17.99 and its two-hundred day moving average is $14.96. The company has a market capitalization of $2.43 billion, a PE ratio of 32.88 and a beta of 1.02. 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 has a 52 week low of $10.74 and a 52 week high of $24.99.

Insider Buying and Selling at CoreCivic

In other CoreCivic news, EVP Cole G. Carter sold 8,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $12.58, for a total value of $100,640.00. Following the completion of the sale, the executive vice president now directly owns 207,847 shares in the company, valued at approximately $2,614,715.26. This represents a 3.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David Garfinkle sold 50,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $24.20, for a total value of $1,210,000.00. Following the completion of the sale, the chief financial officer now owns 276,528 shares of the company’s stock, valued at $6,691,977.60. This represents a 15.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,000 shares of company stock valued at $2,490,520 in the last quarter. 1.89% of the stock is owned by insiders.

Institutional Investors Weigh In On CoreCivic

Several hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of CoreCivic in the 2nd quarter worth $29,000. nVerses Capital LLC bought a new position in shares of CoreCivic in the 2nd quarter worth $40,000. GAMMA Investing LLC raised its position in shares of CoreCivic by 77.7% in the 3rd quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 1,632 shares in the last quarter. Innealta Capital LLC bought a new position in shares of CoreCivic in the 2nd quarter worth $87,000. Finally, Chesapeake Capital Corp IL bought a new position in shares of CoreCivic in the 3rd quarter worth $139,000. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

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.