CoreCivic (NYSE:CXW) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of CoreCivic (NYSE:CXW) from a buy rating to a hold rating in a report released on Saturday morning.

A number of other research firms have also weighed in on CXW. Benchmark initiated coverage on shares of CoreCivic in a research report on Tuesday, March 24th. They set a “buy” rating and a $28.00 price target on the stock. JonesTrading reissued a “buy” rating and set a $30.00 price target on shares of CoreCivic in a research report on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $32.00.

CoreCivic Stock Down 6.7%

Shares of NYSE CXW opened at $20.37 on Friday. The stock has a market capitalization of $2.01 billion, a P/E ratio of 16.56 and a beta of 0.68. The company has a 50-day moving average price of $19.52 and a 200-day moving average price of $18.89. CoreCivic has a 1 year low of $15.73 and a 1 year high of $23.20. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.44 and a quick ratio of 1.66.

CoreCivic (NYSE:CXW) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The business had revenue of $614.73 million for the quarter, compared to analyst estimates of $604.48 million. CoreCivic had a net margin of 5.53% and a return on equity of 9.29%. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. On average, equities research analysts forecast that CoreCivic will post 2.6 EPS for the current fiscal year.

Institutional Trading of CoreCivic

Several hedge funds have recently added to or reduced their stakes in CXW. Lee Danner & Bass Inc. raised its position in CoreCivic by 273.1% in the first quarter. Lee Danner & Bass Inc. now owns 2,173,498 shares of the real estate investment trust’s stock worth $41,101,000 after acquiring an additional 1,590,940 shares during the period. Rubric Capital Management LP raised its position in CoreCivic by 140.6% in the third quarter. Rubric Capital Management LP now owns 1,961,446 shares of the real estate investment trust’s stock worth $39,915,000 after acquiring an additional 1,146,166 shares during the period. Balyasny Asset Management L.P. raised its position in 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 worth $26,562,000 after acquiring an additional 987,375 shares during the period. Hatch Cove Capital LLC bought a new stake in CoreCivic in the fourth quarter worth about $12,951,000. Finally, Philosophy Capital Management LLC raised its position in CoreCivic by 144.9% in the third quarter. Philosophy Capital Management LLC now owns 1,021,373 shares of the real estate investment trust’s stock worth $20,785,000 after acquiring an additional 604,311 shares during the period. Institutional investors own 85.13% of the company’s stock.

About CoreCivic

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.