Investors Purchase Large Volume of Call Options on CoreCivic (NYSE:CXW)

CoreCivic, Inc. (NYSE:CXW) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 7,375 call options on the stock. This represents an increase of 205% compared to the typical volume of 2,419 call options.

Institutional Trading of CoreCivic

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE grew its holdings in shares of CoreCivic by 43.6% during the first quarter. Bank of America Corp DE now owns 236,346 shares of the real estate investment trust’s stock worth $4,469,000 after purchasing an additional 71,756 shares during the last quarter. Rubric Capital Management LP boosted its holdings in CoreCivic by 5.0% in the first quarter. Rubric Capital Management LP now owns 2,059,216 shares of the real estate investment trust’s stock valued at $38,940,000 after acquiring an additional 97,770 shares during the last quarter. Empowered Funds LLC bought a new position in CoreCivic in the first quarter valued at about $4,785,000. Quantinno Capital Management LP boosted its holdings in CoreCivic by 316.4% in the first quarter. Quantinno Capital Management LP now owns 80,070 shares of the real estate investment trust’s stock valued at $1,514,000 after acquiring an additional 60,841 shares during the last quarter. Finally, Weiss Asset Management LP bought a new position in CoreCivic in the first quarter valued at about $2,015,000. Institutional investors own 85.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on CXW shares. Weiss Ratings upgraded CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Wall Street Zen lowered CoreCivic from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Benchmark initiated coverage on CoreCivic in a research note on Tuesday, March 24th. They set a “buy” rating and a $28.00 price objective for the company. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $29.00.

CoreCivic Price Performance

Shares of CXW stock traded up $0.33 during trading hours on Wednesday, hitting $28.21. 785,958 shares of the company’s stock were exchanged, compared to its average volume of 1,111,144. The stock’s 50-day moving average is $21.59 and its 200-day moving average is $19.85. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.44 and a quick ratio of 2.44. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 22.93 and a beta of 0.67. CoreCivic has a 52 week low of $15.73 and a 52 week high of $28.62.

CoreCivic (NYSE:CXW) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.16). The business had revenue of $614.73 million for the quarter, compared to the consensus estimate of $604.48 million. CoreCivic had a return on equity of 9.29% and a net margin of 5.53%.CoreCivic’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. As a group, research analysts forecast that CoreCivic will post 2.66 EPS for the current year.

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.