Fidelity Management & Research Co has recently announced that it has increased stake in CoreCivic Inc (NYSE:CXW) by 0.65%. After grabbing 8.16 million shares, the institutional investor is now in possession of 52503.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 7.18% having worth around $103.57 million. Moreover, Cooper Creek Partners Management increased its share by 0.64 million to have a control over 3.3 million shares. And Boston Partners Global Investors, raised its holdings to 0.35 million shares by acquiring 2.91 million shares or 2.56% of the stake.
CoreCivic Inc (CXW) concluded trading on 12/07/23 at a closing price of $13.75, with 3.38 million shares of worth about $46.51 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 46.28% during that period and on Thursday the price saw a gain of about 0.15%. Currently the company’s common shares owned by public are about 114.99M shares, out of which, 110.80M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 3 analysts are covering the CXW stock and their offered price forecasts bring an average price target of $16.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $17.00 and could fall to a lowest price of $15.00. The stock’s current price level is 16.67% above of average price target set by the analysts, while a rise to estimated low would result in gain of 8.33% for the stock. However, touching the estimated high of $17.00 would mean a gain of 19.12% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 54 times over the past 12 months. They bought 757,258 shares in 23 of the transactions. In 31 selling transactions, insiders dumped 578,514 shares.
iShares Core S&P Small Cap ETF, Fidelity Low Priced Stock Fund, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in CoreCivic Inc iShares Core S&P Small Cap ETF is currently holding 7.64 million shares of worth totaling $97.07 million. The company recently came selling 25760.0 shares which brought its stake up to 6.73% of the company’s outstanding shares. Vanguard Total Stock Market ETF, after buying 3.37 million shares, have now control over 2.97% of the stake in the company. It holds 15289.0 shares of worth $42.79 million.
CoreCivic Inc (NYSE: CXW) started trading at $13.80, above $0.07 from concluding price of the previous day. However, the stock later moved at a day high price of 13.92, or with a gain of 0.15%. Stock saw a price change of -4.98% in past 5 days and over the past one month there was a price change of -2.62%. Year-to-date (YTD), CXW shares are showing a performance of 18.94% which increased to 7.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.84 but also hit the highest price of $15.06 during that period. The average intraday trading volume for CoreCivic Inc shares is 924.54K. The stock is currently trading -2.08% below its 20-day simple moving average (SMA20), while that difference is up 7.87% for SMA50 and it goes to 33.21% higher than SMA200.
Fidelity Management & Research Co acquired 8.16 million shares of CoreCivic Inc having value of about $103.57 million. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 52503.0 shares in the company valued at close to $721916.25, or have control over 0.65% stake in the company. CoreCivic Inc (NYSE: CXW) currently have 114.99M outstanding shares and institutions hold larger chunk of about 82.14% of that. Holding of mutual funds in the company is about 32.75% while other institutional holders and individual stake holders have control over 50.17% and 2.58% of the stake respectively.
The stock has a current market capitalization of $1.56B and its 3Y-monthly beta is at 0.86. PE ratio of stock for trailing 12 months is 24.16, while it has posted earnings per share of $0.57 in the same period. Its PEG reads 4.03 and has Quick Ratio of 1.38 while making debt-to-equity ratio of 0.73. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CXW, volatility over the week remained 3.06% while standing at 2.88% over the month.
Analysts are in expectations that CoreCivic Inc (CXW) stock would likely to be making an EPS of $Cemex, S.A.B. de C.V. Sponsored in the current quarter, while forecast for next quarter EPS is $7.00 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $CDW Corporation which is $CoreCivic, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Curtiss-Wright Corporation in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -46.84% while it is estimated to increase by 41.55% in next year. EPS is likely to grow at an annualized rate of 6.00% for next 5-years, compared to annual growth of -7.33% made by the stock over the past 5-years.
Analysts at 3 brokerage firms have issued recommendations for the CoreCivic Inc (CXW)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 3 Wall Street analysts, 3 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Northland Capital on October 19, 2023 offering an Outperform rating for the stock and assigned a target price of $16 to it.
