CoreCivic, Inc. (NYSE:CXW – Get 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:CXW – Get 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
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
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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