CoreCivic, Inc. (NYSE:CXW – Free Report) – Investment analysts at Noble Financial issued their Q1 2024 EPS estimates for CoreCivic in a research note issued on Monday, February 12th. Noble Financial analyst J. Gomes forecasts that the real estate investment trust will post earnings per share of $0.41 for the quarter. The consensus estimate for CoreCivic’s current full-year earnings is $1.51 per share. Noble Financial also issued estimates for CoreCivic’s Q2 2024 earnings at $0.38 EPS, Q3 2024 earnings at $0.39 EPS and Q4 2024 earnings at $0.34 EPS.
A number of other research firms have also recently commented on CXW. Wedbush raised their price target on shares of CoreCivic from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday. StockNews.com upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Northland Securities began coverage on shares of CoreCivic in a report on Thursday, October 19th. They issued an “outperform” rating and a $16.00 price target for the company.
CoreCivic Price Performance
Shares of NYSE CXW opened at $14.69 on Tuesday. CoreCivic has a twelve month low of $7.84 and a twelve month high of $15.17. The firm has a fifty day simple moving average of $14.25 and a 200 day simple moving average of $12.53. The company has a market capitalization of $1.67 billion, a PE ratio of 24.89 and a beta of 0.81. The company has a quick ratio of 1.38, a current ratio of 1.60 and a debt-to-equity ratio of 0.73.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC acquired a new position in shares of CoreCivic during the fourth quarter valued at about $29,000. Criterion Capital Advisors LLC acquired a new position in shares of CoreCivic during the fourth quarter valued at about $32,000. Quantbot Technologies LP acquired a new position in shares of CoreCivic during the first quarter valued at about $36,000. USA Financial Formulas acquired a new position in shares of CoreCivic during the fourth quarter valued at about $69,000. Finally, UBS Group AG boosted its holdings in CoreCivic by 110.6% during the second quarter. UBS Group AG now owns 5,387 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 2,829 shares during the last quarter. 80.89% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, EVP Cole G. Carter sold 39,345 shares of CoreCivic stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $13.53, for a total transaction of $532,337.85. Following the completion of the transaction, the executive vice president now directly owns 181,817 shares in the company, valued at $2,459,984.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.89% of the company’s stock.
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.
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