CoreCivic (CXW) Soars 2.02% on Earnings Beat

Generated by AI AgentAinvest Movers Radar
Monday, Apr 28, 2025 6:41 pm ET1min read

CoreCivic (CXW) shares rose to their highest level since January 2025 today, with an intraday gain of 2.02%.

CoreCivic's stock price has been influenced by a variety of factors, including institutional and hedge fund activity, analyst ratings, company performance, and legal and regulatory issues. Significant buying and selling activity by institutional investors has been noted, with Marshall Wace LLP reducing its holdings by 46.9% and Russell Investments Group Ltd. increasing its stake by 86,300.0% during the fourth quarter. Other institutional investors, such as GAMMA Investing LLC, Exchange Traded Concepts LLC, Smartleaf Asset Management LLC, and KBC Group NV, have also adjusted their positions in

, which could influence the stock price due to changes in demand and market perception.

Analyst ratings have also played a role in shaping investor sentiment. Noble Financial upgraded CoreCivic from “market perform” to “outperform,” and StockNews.com upgraded it from a “hold” to a “buy.” Wedbush reiterated an “outperform” rating with a target price of $30.00. These ratings can affect investor sentiment and trading activity, contributing to the stock's performance.

CoreCivic's financial performance has been a key driver of its stock price. The company reported quarterly earnings that surpassed analysts' expectations, achieving a return on equity of 5.97% and a net margin of 3.51%, with an EPS of $0.39, beating the consensus estimate of $0.33. Positive financial performance can drive the stock price up, as it indicates the company's strong operational efficiency and profitability.

Legal and regulatory issues have also impacted CoreCivic's stock price. A federal jury found CoreCivic liable for failing to protect a former inmate, which could have legal and financial repercussions for the company. This development could potentially impact investor confidence and stock valuation, as it raises concerns about the company's ability to manage risks and comply with regulations.

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