November 28, 2016 - By Adrian Mccoy
The director of Corecivic Inc, Mark Emkes is in the stock market news today. It was made public in a document filled by Mark Emkes and submitted to the Security Exchange Commission on 28-11-2016, he purchased 5,000 shares from the public firm having a market value near $110,403 U.S Dollars. The reported shares average price was $22.1. He also obtained 10,000 shares worth $141,189 USD in the last 30 days. Mark Emkes presently has rights to 0.03% of the total market cap of the Company.
Out of 3 analysts covering Corrections Corp (NYSE:CXW), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $33 is the highest target while $17 is the lowest. The $20.67 average target is -7.52% below today’s ($22.35) stock price. Corrections Corp has been the topic of 10 analyst reports since November 6, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Thursday, September 1 by SunTrust. The stock of Corecivic Inc (NYSE:CXW) has “Buy” rating given on Wednesday, October 12 by SunTrust. The firm has “Hold” rating by Canaccord Genuity given on Wednesday, August 24. The firm earned “Hold” rating on Tuesday, March 22 by Canaccord Genuity. The company was maintained on Friday, November 6 by Canaccord Genuity. The stock has “Neutral” rating given by Suntrust Robinson on Thursday, September 1. As per Friday, July 1, the company rating was downgraded by Suntrust Robinson. On Friday, November 11 the stock rating was maintained by Canaccord Genuity with “Hold”. The stock of Corecivic Inc (NYSE:CXW) has “Hold” rating given on Friday, August 5 by Canaccord Genuity. The rating was maintained by Canaccord Genuity on Thursday, October 20 with “Hold”.
Insitutional Activity: The institutional sentiment decreased to 0.89 in Q2 2016. 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.
Pnc Fincl Ser Gp holds 0% of its portfolio in Corecivic Inc (NYSE:CXW) for 35,098 shares. United Svcs Automobile Association has 0.06% invested in the company for 514,330 shares. Oakbrook Invests has invested 0.02% of its portfolio in Corecivic Inc (NYSE:CXW). Blackrock Invest Mgmt Ltd Liability Com holds 0.02% or 346,455 shares in its portfolio. Sg Americas Lc has invested 0.02% of its portfolio in Corecivic Inc (NYSE:CXW). Diamond Hill Capital Management has 0.06% invested in the company for 257,111 shares. Steinberg Asset Mngmt holds 0.12% of its portfolio in Corecivic Inc (NYSE:CXW) for 19,557 shares. Moreover, Columbia Wanger Asset Ltd Com has 0.12% invested in Corecivic Inc (NYSE:CXW) for 294,000 shares. M&R Capital Mgmt accumulated 58 shares or 0% of the stock. Vanguard holds 17.89M shares or 0.04% of its portfolio. Palo Capital owns 37,376 shares or 0.45% of their US portfolio. Washington Trust State Bank has invested 0% of its portfolio in Corecivic Inc (NYSE:CXW). Echo Street Capital Ltd Liability Company holds 176,341 shares or 0.26% of its portfolio. Finemark Bancorp And Trust owns 65 shares or 0% of their US portfolio. Td Asset Inc, a Ontario – Canada-based fund reported 488,751 shares.
Insider Transactions: Since August 18, 2016, the stock had 6 insider buys, and 0 sales for $561,380 net activity. Emkes Mark A had bought 10,000 shares worth $141,189. $99,250 worth of Corecivic Inc (NYSE:CXW) was bought by OVERBY CHARLES L on Friday, August 19. Irwin Scott D had bought 300 shares worth $5,100. Hininger Damon T bought $47,652 worth of stock. On Friday, August 19 the insider MARIUCCI ANNE L bought $96,300.
About 1.17 million shares traded hands. Corecivic Inc (NYSE:CXW) has declined 28.39% since April 25, 2016 and is downtrending. It has underperformed by 34.40% the S&P500.
CoreCivic, Inc., formerly Corrections Corporation of America, is a real estate investment trust . The company has a market cap of $2.57 billion. The Firm is a diversified government solutions company. It has a 12.67 P/E ratio. The Firm acts to site, design, build, finance, own, maintain and lease assets to government partners.
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.”
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 $71.29M for 9.01 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.
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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By Adrian Mccoy