Point72 Asset Management L.P. Has $9.45 Million Holdings in CoreCivic, Inc. (NYSE:CXW)

Point72 Asset Management L.P. raised its position in CoreCivic, Inc. (NYSE:CXW - Free Report) by 95.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 434,473 shares of the real estate investment trust's stock after acquiring an additional 212,373 shares during the period. Point72 Asset Management L.P. owned about 0.39% of CoreCivic worth $9,445,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CXW. Meeder Asset Management Inc. acquired a new stake in shares of CoreCivic in the fourth quarter valued at approximately $43,000. Smartleaf Asset Management LLC grew its position in CoreCivic by 318.9% in the fourth 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. increased its stake in CoreCivic by 86,300.0% in the 4th quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust's stock valued at $94,000 after buying an additional 4,315 shares during the last quarter. KBC Group NV increased its stake in CoreCivic by 57.3% in the 4th 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 during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in CoreCivic during the 4th quarter worth about $155,000. Institutional investors and hedge funds own 85.13% of the company's stock.

CoreCivic Stock Performance

NYSE CXW traded up $0.06 on Thursday, hitting $22.41. 726,996 shares of the stock were exchanged, compared to its average volume of 1,154,705. 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 business's fifty day moving average is $21.33 and its 200 day moving average is $20.89. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99. The company has a market capitalization of $2.45 billion, a PE ratio of 36.74 and a beta of 0.79.

CoreCivic (NYSE:CXW - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $478.49 million. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. CoreCivic's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 EPS. Research analysts anticipate that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CXW has been the subject of several analyst reports. Wall Street Zen upgraded CoreCivic from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Noble Financial raised CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 12th. Finally, Wedbush restated an "outperform" rating and issued a $30.00 price target on shares of CoreCivic in a research note on Tuesday, February 11th.

Insiders Place Their Bets

In other news, EVP Lucibeth Mayberry sold 75,000 shares of CoreCivic stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $21.49, for a total transaction of $1,611,750.00. Following the completion of the transaction, the executive vice president now directly owns 211,232 shares in the company, valued at approximately $4,539,375.68. The trade was a 26.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Anthony L. Grande sold 10,000 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $22.22, for a total value of $222,200.00. Following the completion of the sale, the executive vice president now owns 180,559 shares in the company, valued at approximately $4,012,020.98. This trade represents a 5.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,000 shares of company stock valued at $2,348,920 over the last 90 days. 2.30% of the stock is currently owned by insiders.

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.