CoreCivic (NYSE:CXW) Shares Gap Up – What’s Next?

CoreCivic, Inc. (NYSE:CXW) shares gapped up prior to trading on Friday . The stock had previously closed at $29.38, but opened at $30.27. CoreCivic shares last traded at $30.3060, with a volume of 328,973 shares trading hands.

Analyst Ratings Changes

A number of research analysts have weighed in on CXW shares. Weiss Ratings lowered CoreCivic from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 16th. Benchmark lifted their price objective on CoreCivic from $28.00 to $36.00 and gave the company a “buy” rating in a research report on Friday. Wall Street Zen lowered CoreCivic from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Northland Securities set a $40.00 target price on CoreCivic in a research report on Friday. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.33.

CoreCivic Stock Up 4.8%

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 firm’s 50-day moving average is $23.08 and its 200 day moving average is $20.46. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 25.03 and a beta of 0.67.

CoreCivic (NYSE:CXW) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). CoreCivic had a net margin of 5.53% and a return on equity of 9.29%. The company had revenue of $614.73 million during the quarter, compared to analyst estimates of $604.48 million. During the same quarter last year, the business earned $0.45 EPS. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. Sell-side analysts anticipate that CoreCivic, Inc. will post 2.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. increased its stake in CoreCivic by 533.9% during the fourth quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,228 shares during the last quarter. Leonteq Securities AG acquired a new position in shares of CoreCivic in the 4th quarter valued at about $57,000. Smartleaf Asset Management LLC lifted its stake in shares of CoreCivic by 33.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 702 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of CoreCivic by 320.7% during the 4th quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 2,546 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in shares of CoreCivic during the 4th quarter worth about $71,000. Institutional investors and hedge funds 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.