CoreCivic, Inc. (NYSE:CXW) Short Interest Update

CoreCivic, Inc. (NYSE:CXW) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,812,744 shares, a decrease of 35.4% from the June 15th total of 2,807,302 shares. Based on an average daily volume of 1,727,773 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.9% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several analysts have issued reports on CXW shares. Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. Northland Securities set a $40.00 price target on CoreCivic in a report on Friday, June 26th. Wall Street Zen lowered CoreCivic from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Noble Financial boosted their price objective on CoreCivic from $28.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. Finally, UBS Group set a $35.00 price objective on CoreCivic in a research report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, CoreCivic has a consensus rating of “Buy” and a consensus price target of $36.20.

Institutional Trading of CoreCivic

Several institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in shares of CoreCivic by 49.2% in the first quarter. Royal Bank of Canada now owns 59,523 shares of the real estate investment trust’s stock valued at $1,207,000 after purchasing an additional 19,630 shares during the period. AQR Capital Management LLC increased its holdings in CoreCivic by 69.8% during the 1st quarter. AQR Capital Management LLC now owns 28,120 shares of the real estate investment trust’s stock worth $571,000 after purchasing an additional 11,557 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in CoreCivic by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,828 shares of the real estate investment trust’s stock valued at $1,315,000 after purchasing an additional 2,828 shares in the last quarter. Jones Financial Companies Lllp raised its position in CoreCivic by 3,884.2% during the 1st quarter. Jones Financial Companies Lllp now owns 18,885 shares of the real estate investment trust’s stock valued at $383,000 after purchasing an additional 18,411 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of CoreCivic by 2.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,467 shares of the real estate investment trust’s stock worth $4,473,000 after buying an additional 4,977 shares during the period. Institutional investors own 85.13% of the company’s stock.

CoreCivic Trading Down 1.2%

CXW traded down $0.36 on Friday, reaching $30.29. 298,571 shares of the company traded hands, compared to its average volume of 1,166,145. CoreCivic has a one year low of $15.73 and a one year high of $32.60. The firm has a fifty day simple moving average of $25.98 and a two-hundred day simple moving average of $21.63. The company has a market cap of $3.00 billion, a P/E ratio of 24.65 and a beta of 0.57. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.99.

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.