Two Sigma Advisers LP Acquires 151,400 Shares of CoreCivic, Inc. (NYSE:CXW)

Two Sigma Advisers LP boosted its holdings in CoreCivic, Inc. (NYSE:CXW - Free Report) by 84.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 329,946 shares of the real estate investment trust's stock after buying an additional 151,400 shares during the quarter. Two Sigma Advisers LP owned 0.30% of CoreCivic worth $7,173,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Bank of Montreal Can raised its position in CoreCivic by 8.0% in the 4th quarter. Bank of Montreal Can now owns 12,742 shares of the real estate investment trust's stock worth $277,000 after buying an additional 944 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of CoreCivic by 2.2% during the 4th 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 last quarter. State of Wyoming increased its position in shares of CoreCivic by 7.5% during the 4th quarter. State of Wyoming now owns 20,796 shares of the real estate investment trust's stock valued at $452,000 after purchasing an additional 1,443 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of CoreCivic by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 57,312 shares of the real estate investment trust's stock valued at $1,246,000 after purchasing an additional 1,450 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of CoreCivic by 318.9% during 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 during the last quarter. Hedge funds and other institutional investors own 85.13% of the company's stock.

Insider Buying and Selling

In related news, CEO Damon T. Hininger sold 72,246 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $22.50, for a total value of $1,625,535.00. Following the completion of the sale, the chief executive officer now directly owns 879,324 shares of the company's stock, valued at approximately $19,784,790. This represents a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Lucibeth Mayberry sold 75,000 shares of the 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 sale, the executive vice president now directly owns 211,232 shares of the company's stock, valued at $4,539,375.68. This represents a 26.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 180,246 shares of company stock valued at $3,974,455. 2.30% of the stock is owned by corporate insiders.

CoreCivic Stock Performance

Shares of NYSE CXW traded down $0.06 during midday trading on Thursday, hitting $21.84. 89,045 shares of the company's stock traded hands, compared to its average volume of 1,154,612. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 35.78 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. The firm has a fifty day moving average of $21.53 and a 200 day moving average of $21.05.

CoreCivic (NYSE:CXW - Get Free Report) last released its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share (EPS) 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 analyst estimates of $478.49 million. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. The firm's quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS. On average, analysts forecast that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

CXW has been the subject of several research reports. Wall Street Zen raised shares of CoreCivic from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Wedbush reaffirmed an "outperform" rating and set a $30.00 price target on shares of CoreCivic in a research report on Tuesday, February 11th. Finally, Noble Financial raised shares of CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 12th.

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.