Investors Purchase Large Volume of Call Options on CoreCivic (NYSE:CXW)

CoreCivic, Inc. (NYSE:CXW) was the recipient of unusually large options trading on Wednesday. Investors purchased 7,375 call options on the company. This is an increase of approximately 205% compared to the typical volume of 2,419 call options.

CoreCivic Stock Performance

Shares of NYSE CXW traded up $0.33 during trading hours on Wednesday, reaching $28.21. The stock had a trading volume of 785,958 shares, compared to its average volume of 1,111,144. The business’s fifty day moving average is $21.59 and its two-hundred day moving average is $19.85. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.44 and a quick ratio of 2.44. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 22.93 and a beta of 0.67. CoreCivic has a twelve month low of $15.73 and a twelve month high of $28.62.

CoreCivic (NYSE:CXW) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The firm had revenue of $614.73 million during the quarter, compared to analyst estimates of $604.48 million. CoreCivic had a net margin of 5.53% and a return on equity of 9.29%. The business’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. CoreCivic has set its FY 2026 guidance at 2.580-2.680 EPS. As a group, research analysts expect that CoreCivic will post 2.66 EPS for the current year.

Analysts Set New Price Targets

CXW has been the subject of a number of recent analyst reports. Wall Street Zen cut CoreCivic from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Benchmark began coverage on CoreCivic in a research report on Tuesday, March 24th. They set a “buy” rating and a $28.00 target price for the company. Finally, Weiss Ratings upgraded CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, CoreCivic has a consensus rating of “Buy” and an average target price of $29.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Aberdeen Group plc raised its stake in shares of CoreCivic by 44.5% in the third quarter. Aberdeen Group plc now owns 604,774 shares of the real estate investment trust’s stock valued at $13,027,000 after purchasing an additional 186,174 shares in the last quarter. Vanguard Group Inc. raised its stake in CoreCivic by 1.5% during the third quarter. Vanguard Group Inc. now owns 12,574,673 shares of the real estate investment trust’s stock worth $255,895,000 after acquiring an additional 183,923 shares in the last quarter. Turiya Advisors Asia Ltd acquired a new position in CoreCivic during the third quarter worth $9,748,000. Lee Danner & Bass Inc. raised its stake in CoreCivic by 20.1% during the fourth quarter. Lee Danner & Bass Inc. now owns 582,558 shares of the real estate investment trust’s stock worth $11,133,000 after acquiring an additional 97,413 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC raised its stake in CoreCivic by 442.6% during the third quarter. Counterpoint Mutual Funds LLC now owns 106,895 shares of the real estate investment trust’s stock worth $2,175,000 after acquiring an additional 87,194 shares in the last quarter. 85.13% of the stock is currently owned by institutional investors and hedge funds.

About CoreCivic

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.