Algert Global LLC Acquires 85,383 Shares of CoreCivic, Inc. (NYSE:CXW)

Algert Global LLC boosted its stake in CoreCivic, Inc. (NYSE:CXW - Free Report) by 167.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,266 shares of the real estate investment trust's stock after purchasing an additional 85,383 shares during the period. Algert Global LLC owned about 0.12% of CoreCivic worth $2,962,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CXW. Cooper Creek Partners Management LLC grew its position in 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 worth $133,206,000 after acquiring an additional 553,336 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of CoreCivic during the fourth quarter valued at about $11,733,000. Forest Avenue Capital Management LP bought a new stake in shares of CoreCivic during the fourth quarter worth about $11,205,000. Tudor Investment Corp ET AL increased its stake in shares of CoreCivic by 1,398.6% in the fourth quarter. Tudor Investment Corp ET AL now owns 411,772 shares of the real estate investment trust's stock valued at $8,952,000 after buying an additional 384,295 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in CoreCivic by 13,071.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 253,147 shares of the real estate investment trust's stock valued at $5,503,000 after buying an additional 251,225 shares during the last quarter. Institutional investors and hedge funds own 85.13% of the company's stock.

CoreCivic Trading Up 1.1%

Shares of CoreCivic stock traded up $0.23 during midday trading on Tuesday, reaching $21.87. The company had a trading volume of 137,163 shares, compared to its average volume of 1,150,278. The stock has a fifty day moving average price of $20.96 and a 200 day moving average price of $20.60. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. The firm has a market cap of $2.39 billion, a PE ratio of 35.85 and a beta of 0.79. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.51.

CoreCivic (NYSE:CXW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.10. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. The firm had revenue of $488.60 million for the quarter, compared to the consensus estimate of $478.49 million. During the same quarter in the previous year, the company earned $0.46 EPS. The company's revenue for the quarter was down 2.4% on a year-over-year basis. On average, equities analysts anticipate that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CXW shares. Wedbush reissued an "outperform" rating and set a $30.00 target price on shares of CoreCivic in a report on Tuesday, February 11th. StockNews.com raised shares of CoreCivic from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Finally, Noble Financial raised CoreCivic from a "market perform" rating to an "outperform" rating in a research 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.