In today’s session Corecivic Inc (CXW) registered an unusually high (203) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious CXW increase. With 203 contracts traded and 24464 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: CXW161216C00022000 closed last at: $1.05 or 22.2% down. About 170,761 shares traded hands. Corecivic Inc (NYSE:CXW) has declined 28.16% since April 26, 2016 and is downtrending. It has underperformed by 33.42% the S&P500.
Analysts await Corecivic Inc (NYSE:CXW) to report earnings on February, 8. They expect $0.62 EPS, up 6.90% or $0.04 from last year’s $0.58 per share. CXW’s profit will be $73.86 million for 8.94 P/E if the $0.62 EPS becomes a reality. After $0.67 actual EPS reported by Corecivic Inc for the previous quarter, Wall Street now forecasts -7.46% negative EPS growth.
Corecivic Inc (NYSE:CXW) Ratings Coverage
Out of 3 analysts covering Corrections Corp (NYSE:CXW), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Corrections Corp has been the topic of 10 analyst reports since November 6, 2015 according to StockzIntelligence Inc. On Wednesday, October 12 the stock rating was upgraded by SunTrust to “Buy”. SunTrust maintained it with “Neutral” rating and $20 target price in Thursday, September 1 report. On Wednesday, August 24 the stock rating was maintained by Canaccord Genuity with “Hold”. The stock has “Hold” rating given by Canaccord Genuity on Friday, November 11. Canaccord Genuity maintained the stock with “Hold” rating in Tuesday, March 22 report. Canaccord Genuity maintained Corecivic Inc (NYSE:CXW) rating on Friday, August 5. Canaccord Genuity has “Hold” rating and $30 price target. The rating was downgraded by Suntrust Robinson to “Neutral” on Friday, July 1. Canaccord Genuity maintained Corecivic Inc (NYSE:CXW) on Thursday, October 20 with “Hold” rating. Suntrust Robinson maintained the stock with “Neutral” rating in Thursday, September 1 report. Canaccord Genuity maintained the stock with “Hold” rating in Friday, November 6 report.
According to Zacks Investment Research, “CoreCivic, Inc. is a real estate investment trust which provides correctional, detention and residential reentry facilities. It designs, constructs, owns, manages and renovates jails, prisons, government agencies and inmate transportation companies. CoreCivic, Inc., formerly known as Corrections Corporation of America, is based in Nashville, Tennessee.”
Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.53, from 1.42 in 2016Q1. The ratio fall, as 20 funds sold all Corecivic Inc shares owned while 84 reduced positions. 37 funds bought stakes while 111 increased positions. They now own 105.78 million shares or 0.65% less from 106.47 million shares in 2016Q1.
Breton Hill Capital Limited has invested 2.72% of its portfolio in Corecivic Inc (NYSE:CXW). Nuveen Asset Management Limited Liability Corporation reported 47,062 shares or 0.01% of all its holdings. Waddell And Reed Fincl Inc holds 0.08% or 1.07M shares in its portfolio. Dorsey Whitney Tru Company Limited Liability Company last reported 5,132 shares in the company. Ameritas Invest Prtnrs holds 0.04% of its portfolio in Corecivic Inc (NYSE:CXW) for 18,575 shares. First Republic Investment Mngmt Incorporated has 51,320 shares for 0.02% of their US portfolio. Vanguard Gp Inc holds 0.04% of its portfolio in Corecivic Inc (NYSE:CXW) for 17.89 million shares. Princeton Alpha Management Lp accumulated 6,132 shares or 0.04% of the stock. The Manitoba – Canada-based Great West Life Assurance Company Can has invested 0% in Corecivic Inc (NYSE:CXW). Rafferty Asset Ltd Liability Corp last reported 12,572 shares in the company. Diamond Hill Cap Management, a Ohio-based fund reported 257,111 shares. Retirement Systems Of Alabama accumulated 151,541 shares or 0.03% of the stock. Stanley holds 2.7% or 196,909 shares in its portfolio. Steinberg Glob Asset Mgmt holds 0.12% or 19,557 shares in its portfolio. The New York-based Alpine Woods Cap Invsts Ltd Limited Liability Company has invested 0.15% in Corecivic Inc (NYSE:CXW).
Insider Transactions: Since August 18, 2016, the stock had 7 insider buys, and 0 sales for $671,783 net activity. 10,000 shares were bought by Emkes Mark A, worth $171,889. The insider MARIUCCI ANNE L bought 5,000 shares worth $96,300. OVERBY CHARLES L bought $99,250 worth of stock or 5,000 shares. Irwin Scott D bought 300 shares worth $5,100. Shares for $47,652 were bought by Hininger Damon T on Thursday, August 18.
CoreCivic, Inc., formerly Corrections Corporation of America, is a real estate investment trust . The company has a market cap of $2.64 billion. The Firm is a diversified government solutions company. It has a 12.56 P/E ratio. The Firm acts to site, design, build, finance, own, maintain and lease assets to government partners.
CXW Company Profile
Corrections Corporation of America, incorporated on September 24, 1998, is a real estate investment trust (REIT). The Firm is engaged in owning, operating and managing prisons and other correctional facilities, and providing residential, community re-entry and prisoner transportation services for governmental agencies. In addition to providing fundamental residential services, the Company’s facilities offer a range of rehabilitation and educational programs, including basic education, faith services, life skills and employment training, and substance abuse treatment. It also provides or makes available to offenders certain healthcare (including medical, dental and mental health services), food services and work and recreational programs. The Company’s clients consist of federal, state and local correctional and detention authorities. Federal correctional and detention authorities consist of the Federal Bureau of Prisons (the BOP), the United States Marshals Service (the USMS), and the United States Immigration and Customs Enforcement (ICE). The Company’s customer contracts have terms of three to five years and contain multiple renewal options. Most of its facility contracts also contain clauses that allow the government agency to terminate the contract at any time without cause.
Another recent and important Corecivic Inc (NYSE:CXW) news was published by Marketwatch.com which published an article titled: “/quotes/zigman/3870025/realtime” on October 08, 2010.
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