Trexquant Investment LP Grows Stock Holdings in CoreCivic, Inc. $CXW

Key Points

• Trexquant Investment LP increased its stake in CoreCivic, Inc. by 8.2% in the first quarter, now owning approximately 377,226 shares worth $7.65 million.
• CoreCivic reported quarterly earnings with an EPS of $0.59, exceeding the consensus estimate of $0.43, and its revenue grew 9.8% year-over-year to $538.17 million.
• Several analysts have rated CoreCivic as a "Buy," with a consensus price target of $33.33, indicating strong confidence in the stock's performance moving forward.

Trexquant Investment LP raised its holdings in CoreCivic, Inc. (NYSE:CXW - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 377,226 shares of the real estate investment trust's stock after buying an additional 28,463 shares during the quarter. Trexquant Investment LP owned 0.35% of CoreCivic worth $7,654,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC increased its holdings in shares of CoreCivic by 88.4% during the fourth quarter. Millennium Management LLC now owns 1,261,944 shares of the real estate investment trust's stock valued at $27,435,000 after acquiring an additional 592,070 shares in the last quarter. Nuveen LLC purchased a new position in shares of CoreCivic during the 1st quarter valued at $10,629,000. Voloridge Investment Management LLC purchased a new position in shares of CoreCivic during the 4th quarter valued at $11,194,000. Two Sigma Investments LP lifted its holdings in CoreCivic by 1,428.2% during the 4th 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 in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in CoreCivic by 35.4% during the 1st quarter. Wellington Management Group LLP now owns 1,073,573 shares of the real estate investment trust's stock worth $21,783,000 after purchasing an additional 280,495 shares in the last quarter. 85.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CXW has been the topic of several recent research reports. Wedbush reiterated an "outperform" rating and set a $38.00 price objective on shares of CoreCivic in a research report on Wednesday, June 11th. Wall Street Zen upgraded CoreCivic from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Finally, Jones Trading reaffirmed a "buy" rating and issued a $30.00 price objective on shares of CoreCivic in a report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $33.33.

CoreCivic Stock Performance

CXW traded down $0.21 on Thursday, reaching $19.85. 260,765 shares of the stock were exchanged, compared to its average volume of 1,104,207. The company's 50-day moving average price is $20.68 and its 200 day moving average price is $20.78. The firm has a market capitalization of $2.13 billion, a PE ratio of 21.13 and a beta of 0.81. CoreCivic, Inc. has a fifty-two week low of $12.13 and a fifty-two week high of $24.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.60 and a quick ratio of 1.60.

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

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.