The stock of Corecivic Inc (NYSE:CXW) is a huge mover today! About 1.04M shares traded hands. Corecivic Inc (NYSE:CXW) has declined 27.14% since April 28, 2016 and is downtrending. It has underperformed by 33.07% the S&P500.
The move comes after 5 months positive chart setup for the $2.81 billion company. It was reported on Dec, 1 by Barchart.com. We have $24.39 PT which if reached, will make NYSE:CXW worth $112.40 million more.
Analysts await Corecivic Inc (NYSE:CXW) to report earnings on February, 8. They expect $0.62 earnings per share, up 6.90% or $0.04 from last year’s $0.58 per share. CXW’s profit will be $74.29 million for 9.46 P/E if the $0.62 EPS becomes a reality. After $0.67 actual earnings per share 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. Canaccord Genuity maintained the stock with “Hold” rating in Tuesday, March 22 report. Canaccord Genuity maintained it with “Hold” rating and $17 target price in Thursday, October 20 report. Canaccord Genuity maintained Corecivic Inc (NYSE:CXW) on Wednesday, August 24 with “Hold” rating. The firm has “Hold” rating by Canaccord Genuity given on Friday, November 6. SunTrust maintained Corecivic Inc (NYSE:CXW) on Thursday, September 1 with “Neutral” rating. Canaccord Genuity maintained the shares of CXW in a report on Friday, November 11 with “Hold” rating. The rating was maintained by Canaccord Genuity with “Hold” on Friday, August 5. The company was maintained on Thursday, September 1 by Suntrust Robinson. As per Friday, July 1, the company rating was downgraded by Suntrust Robinson. The firm earned “Buy” rating on Wednesday, October 12 by SunTrust.
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 dropped, 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.
Strs Ohio reported 168,475 shares or 0.03% of all its holdings. Blackrock Investment Ltd Llc owns 346,455 shares or 0.02% of their US portfolio. Moreover, State Treasurer State Of Michigan has 0.01% invested in Corecivic Inc (NYSE:CXW) for 47,112 shares. Invesco Limited reported 4.43M shares or 0.06% of all its holdings. Ct Mason last reported 2.37% of its portfolio in the stock. The Germany-based Deutsche Natl Bank Ag has invested 0.01% in Corecivic Inc (NYSE:CXW). Wright Invsts Ser holds 44,265 shares or 0.64% of its portfolio. Mackenzie Fin Corp accumulated 0.02% or 109,426 shares. Bessemer Group accumulated 0% or 260 shares. Camelot Portfolios Ltd Co accumulated 0.24% or 11,567 shares. Fdx Advisors last reported 62,300 shares in the company. Credit Suisse Ag accumulated 0% or 127,350 shares. Moreover, Gsa Capital Ptnrs Limited Liability Partnership has 0.03% invested in Corecivic Inc (NYSE:CXW) for 14,136 shares. Legal & General Grp Incorporated Public Limited has 88,015 shares for 0% of their US portfolio. Kanaly has 0% invested in the company for 66 shares.
Insider Transactions: Since August 18, 2016, the stock had 7 buys, and 0 insider sales for $671,783 net activity. Emkes Mark A had bought 10,000 shares worth $171,889. Another trade for 2,870 shares valued at $47,652 was made by Hininger Damon T on Thursday, August 18. The insider Irwin Scott D bought $5,100. The insider MARIUCCI ANNE L bought $96,300. The insider OVERBY CHARLES L bought $99,250.
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.
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