Nebula Research & Development LLC Takes Position in CoreCivic, Inc. (NYSE:CXW)

Nebula Research & Development LLC acquired a new stake in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,598 shares of the real estate investment trust's stock, valued at approximately $361,000.

A number of other hedge funds also recently made changes to their positions in the stock. Cooper Creek Partners Management LLC grew its holdings in shares of CoreCivic by 9.9% during the 4th quarter. Cooper Creek Partners Management LLC now owns 6,127,227 shares of the real estate investment trust's stock valued at $133,206,000 after purchasing an additional 553,336 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in CoreCivic by 11.4% in the fourth quarter. Allianz Asset Management GmbH now owns 1,513,031 shares of the real estate investment trust's stock valued at $32,893,000 after acquiring an additional 154,426 shares in the last quarter. National Bank of Canada FI boosted its holdings in CoreCivic by 19.5% in the fourth quarter. National Bank of Canada FI now owns 910,000 shares of the real estate investment trust's stock valued at $19,783,000 after acquiring an additional 148,508 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of CoreCivic in the 4th quarter worth about $11,733,000. Finally, Principal Financial Group Inc. raised its stake in CoreCivic by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 534,687 shares of the real estate investment trust's stock worth $11,624,000 after buying an additional 14,892 shares in the last quarter. 85.13% of the stock is owned by institutional investors.

CoreCivic Trading Up 0.9 %

Shares of NYSE CXW traded up $0.20 during trading hours on Tuesday, reaching $23.16. The stock had a trading volume of 154,260 shares, compared to its average volume of 1,136,856. The company has a current ratio of 1.57, a quick ratio of 1.51 and a debt-to-equity ratio of 0.65. The business's fifty day moving average price is $20.58 and its two-hundred day moving average price is $20.30. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 37.91 and a beta of 0.79. CoreCivic, Inc. has a 52-week low of $10.74 and a 52-week high of $24.99.

CoreCivic (NYSE:CXW - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.06. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. Analysts expect that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on CXW. StockNews.com lowered shares of CoreCivic from a "buy" rating to a "hold" rating in a research note on Tuesday, April 29th. Wedbush reiterated an "outperform" rating and set a $30.00 price target on shares of CoreCivic in a research note on Tuesday, February 11th. Finally, Noble Financial raised CoreCivic from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 12th.

About CoreCivic

CoreCivic, Inc owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.