Short Interest in CoreCivic, Inc. (NYSE:CXW) Decreases By 30.8%

CoreCivic, Inc. (NYSE:CXWGet Free Report) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 2,430,000 shares, a decline of 30.8% from the February 13th total of 3,510,000 shares. Currently, 2.3% of the company’s shares are short sold. Based on an average daily volume of 1,260,000 shares, the days-to-cover ratio is currently 1.9 days.

CoreCivic Price Performance

Shares of CoreCivic stock opened at $20.33 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.65. The company has a market cap of $2.21 billion, a PE ratio of 33.33 and a beta of 1.02. The business has a 50 day moving average of $20.10 and a 200 day moving average of $18.18. CoreCivic has a 52 week low of $10.74 and a 52 week high of $24.99.

CoreCivic (NYSE:CXWGet Free Report) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. As a group, equities research analysts forecast that CoreCivic will post 1.5 earnings per share for the current year.

Hedge Funds Weigh In On CoreCivic

A number of institutional investors have recently added to or reduced their stakes in CXW. Meeder Asset Management Inc. bought a new position in CoreCivic in the fourth quarter worth $43,000. Smartleaf Asset Management LLC raised its holdings in CoreCivic by 318.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 1,859 shares in the last quarter. Copia Wealth Management bought a new position in CoreCivic in the fourth quarter worth $82,000. Russell Investments Group Ltd. raised its holdings in CoreCivic by 86,300.0% in the fourth quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 4,315 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in CoreCivic by 25.5% in the fourth quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 953 shares in the last quarter. Institutional investors own 85.13% of the company’s stock.

Analyst Ratings Changes

CXW has been the subject of several recent research reports. Wedbush reiterated an “outperform” rating and issued a $30.00 price objective on shares of CoreCivic in a research report on Tuesday, February 11th. Noble Financial upgraded CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 12th. Finally, StockNews.com upgraded CoreCivic from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th.

Check Out Our Latest Research Report on CXW

About CoreCivic

(Get Free Report)

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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