Connor Clark & Lunn Investment Management Ltd. Purchases 75,470 Shares of CoreCivic, Inc. $CXW

Connor Clark & Lunn Investment Management Ltd. increased its stake in CoreCivic, Inc. (NYSE:CXW - Free Report) by 57.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 206,965 shares of the real estate investment trust's stock after purchasing an additional 75,470 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.19% of CoreCivic worth $4,199,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Millennium Management LLC grew its position in shares of CoreCivic by 88.4% during the 4th quarter. Millennium Management LLC now owns 1,261,944 shares of the real estate investment trust's stock valued at $27,435,000 after purchasing an additional 592,070 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in CoreCivic in the fourth quarter worth $11,194,000. Two Sigma Investments LP lifted its stake in CoreCivic by 1,428.2% in the fourth quarter. Two Sigma Investments LP now owns 480,275 shares of the real estate investment trust's stock worth $10,441,000 after purchasing an additional 448,848 shares during the last quarter. Tudor Investment Corp ET AL lifted its stake in 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 worth $8,952,000 after purchasing an additional 384,295 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of CoreCivic by 2.2% during the first quarter. Vanguard Group Inc. now owns 12,215,492 shares of the real estate investment trust's stock valued at $247,852,000 after acquiring an additional 267,198 shares during the last quarter. Institutional investors own 85.13% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CXW. Jones Trading reaffirmed a "buy" rating and set a $30.00 price objective on shares of CoreCivic in a research note on Thursday, August 7th. Wall Street Zen upgraded shares of CoreCivic from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Finally, Wedbush reiterated an "outperform" rating and set a $38.00 price target on shares of CoreCivic in a research report on Wednesday, June 11th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $33.33.

Insider Buying and Selling

In other CoreCivic news, Director Stacia Hylton sold 4,000 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $21.69, for a total value of $86,760.00. Following the transaction, the director directly owned 82,969 shares in the company, valued at approximately $1,799,597.61. This trade represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Damon T. Hininger sold 72,246 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $22.50, for a total transaction of $1,625,535.00. Following the completion of the transaction, the chief executive officer owned 879,324 shares in the company, valued at $19,784,790. The trade was a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,246 shares of company stock worth $2,227,265. 2.30% of the stock is owned by insiders.

CoreCivic Stock Down 1.0%

Shares of NYSE:CXW traded down $0.21 during trading on Monday, reaching $20.61. 223,531 shares of the stock traded hands, compared to its average volume of 1,114,415. CoreCivic, Inc. has a 52-week low of $12.13 and a 52-week high of $24.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a 50-day moving average of $20.79 and a two-hundred day moving average of $20.68. The stock has a market cap of $2.21 billion, a P/E ratio of 21.92 and a beta of 0.80.

CoreCivic (NYSE:CXW - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.16. CoreCivic had a net margin of 5.21% and a return on equity of 7.12%. The company had revenue of $538.17 million for the quarter, compared to analysts' expectations of $499.02 million. During the same quarter last year, the company posted $0.42 earnings per share. The firm's quarterly revenue was up 9.8% on a year-over-year basis. As a group, sell-side analysts expect that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

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.