Corecivic (NYSE:CXW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “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. “

Several other equities analysts have also commented on CXW. SunTrust Banks reissued a “buy” rating and issued a $37.00 target price on shares of Corecivic in a report on Friday, November 10th. ValuEngine lowered Corecivic from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $33.25.

Corecivic (NYSE CXW) opened at $21.66 on Tuesday. The company has a market capitalization of $2,560.00, a price-to-earnings ratio of 12.97, a P/E/G ratio of 1.50 and a beta of 0.85. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.97. Corecivic has a twelve month low of $19.59 and a twelve month high of $35.33.

Corecivic (NYSE:CXW) last posted its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Corecivic had a return on equity of 13.54% and a net margin of 11.03%. equities analysts expect that Corecivic will post 2.34 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of CXW. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Corecivic during the third quarter worth about $34,152,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Corecivic during the fourth quarter worth about $13,036,000. Wells Fargo & Company MN grew its holdings in shares of Corecivic by 109.7% during the fourth quarter. Wells Fargo & Company MN now owns 890,404 shares of the real estate investment trust’s stock worth $20,034,000 after purchasing an additional 465,857 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Corecivic during the fourth quarter worth about $8,672,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Corecivic by 23.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,763,703 shares of the real estate investment trust’s stock worth $39,683,000 after purchasing an additional 337,600 shares during the last quarter. 82.33% of the stock is currently owned by institutional investors.

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Corecivic Company Profile

CoreCivic, Inc, formerly Corrections Corporation of America, is a diversified government solutions company. The Company provides partnership correctional, detention and residential reentry facilities and operates prison in the United States. The Company’s business offerings include CoreCivic Safety, CoreCivic Properties, and CoreCivic Community.

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