Cubist Systematic Strategies LLC reduced its stake in CoreCivic, Inc. (NYSE:CXW - Free Report) by 23.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 223,085 shares of the real estate investment trust's stock after selling 69,009 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.20% of CoreCivic worth $4,850,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in shares of CoreCivic during the 4th quarter worth approximately $43,000. Smartleaf Asset Management LLC raised its holdings in shares of CoreCivic by 318.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 1,859 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of CoreCivic by 86,300.0% during the fourth quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust's stock worth $94,000 after purchasing an additional 4,315 shares in the last quarter. GAMMA Investing LLC increased its holdings in CoreCivic by 25.5% in the fourth quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust's stock valued at $102,000 after buying an additional 953 shares during the last quarter. Finally, KBC Group NV raised its stake in CoreCivic by 57.3% in the fourth quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust's stock valued at $119,000 after buying an additional 1,995 shares in the last quarter. 85.13% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages recently commented on CXW. Wedbush reiterated an "outperform" rating and set a $30.00 price target on shares of CoreCivic in a research note on Tuesday, February 11th. Noble Financial raised CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 12th. Finally, StockNews.com raised CoreCivic from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th.
Read Our Latest Stock Report on CoreCivic
CoreCivic Price Performance
CXW stock traded up $0.08 during trading on Tuesday, reaching $21.72. 687,215 shares of the company were exchanged, compared to its average volume of 1,153,373. The stock's 50 day moving average price is $21.01 and its 200 day moving average price is $20.61. The company has a market cap of $2.37 billion, a P/E ratio of 35.61 and a beta of 0.79. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.51 and a current ratio of 1.57. 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 released its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.10. The company had revenue of $488.60 million during the quarter, compared to the consensus estimate of $478.49 million. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. CoreCivic's revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share. As a group, analysts predict that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.
About CoreCivic
(
Free Report)
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.
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