CoreCivic, Inc. (NYSE:CXW) Shares Purchased by Millennium Management LLC

Millennium Management LLC boosted its position in CoreCivic, Inc. (NYSE:CXW - Free Report) by 88.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,261,944 shares of the real estate investment trust's stock after purchasing an additional 592,070 shares during the period. Millennium Management LLC owned about 1.14% of CoreCivic worth $27,435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in CoreCivic by 2.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,000 shares of the real estate investment trust's stock valued at $1,348,000 after purchasing an additional 1,322 shares during the period. Janus Henderson Group PLC lifted its position in CoreCivic by 476.2% in the fourth quarter. Janus Henderson Group PLC now owns 299,706 shares of the real estate investment trust's stock valued at $6,516,000 after purchasing an additional 247,690 shares during the period. Graham Capital Management L.P. lifted its position in CoreCivic by 74.6% in the fourth quarter. Graham Capital Management L.P. now owns 38,507 shares of the real estate investment trust's stock valued at $837,000 after purchasing an additional 16,458 shares during the period. Brevan Howard Capital Management LP purchased a new position in CoreCivic in the fourth quarter valued at about $678,000. Finally, Bayesian Capital Management LP purchased a new position in CoreCivic in the fourth quarter valued at about $211,000. Institutional investors and hedge funds own 85.13% of the company's stock.

Insider Transactions at CoreCivic

In other CoreCivic news, EVP Lucibeth Mayberry sold 75,000 shares of CoreCivic stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $21.49, for a total value of $1,611,750.00. Following the completion of the sale, the executive vice president now directly owns 211,232 shares of the company's stock, valued at approximately $4,539,375.68. The trade was a 26.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.30% of the company's stock.

CoreCivic Trading Up 3.6%

Shares of CXW opened at $22.67 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.51. The firm has a 50 day simple moving average of $21.23 and a 200-day simple moving average of $20.87. CoreCivic, Inc. has a 1-year low of $10.74 and a 1-year high of $24.99. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 37.16 and a beta of 0.79.

CoreCivic (NYSE:CXW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share 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 business had revenue of $488.60 million during the quarter, compared to analysts' expectations of $478.49 million. During the same period last year, the company posted $0.46 EPS. The company's revenue was down 2.4% on a year-over-year basis. Equities analysts forecast that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CXW shares. Noble Financial raised shares of CoreCivic from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 12th. Wedbush reaffirmed an "outperform" rating and issued a $30.00 target price on shares of CoreCivic in a report on Tuesday, February 11th. Finally, StockNews.com raised shares of CoreCivic from a "hold" rating to a "buy" rating in a report on Friday.

CoreCivic Profile

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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