Two Sigma Investments LP Buys 448,848 Shares of CoreCivic, Inc. (NYSE:CXW)

Two Sigma Investments LP raised its stake in CoreCivic, Inc. (NYSE:CXW - Free Report) by 1,428.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 480,275 shares of the real estate investment trust's stock after acquiring an additional 448,848 shares during the period. Two Sigma Investments LP owned approximately 0.44% of CoreCivic worth $10,441,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CXW. Meeder Asset Management Inc. purchased a new position in shares of CoreCivic during the fourth quarter valued at about $43,000. Smartleaf Asset Management LLC boosted its stake in CoreCivic by 318.9% during 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 buying an additional 1,859 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in CoreCivic by 86,300.0% during the fourth 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 grew its holdings in CoreCivic by 57.3% during 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 in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in CoreCivic in the 4th quarter worth approximately $155,000. 85.13% of the stock is currently owned by institutional investors.

Insider Activity

In other CoreCivic news, EVP Anthony L. Grande sold 10,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $22.22, for a total transaction of $222,200.00. Following the completion of the transaction, the executive vice president now owns 180,559 shares in the company, valued at $4,012,020.98. The trade was a 5.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Lucibeth Mayberry sold 75,000 shares of the company's 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 transaction, the executive vice president now directly owns 211,232 shares in the company, valued at approximately $4,539,375.68. This represents a 26.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 180,246 shares of company stock valued at $3,974,455. 2.30% of the stock is currently owned by company insiders.

CoreCivic Trading Down 0.3%

NYSE CXW traded down $0.07 during trading hours on Friday, hitting $21.86. 90,639 shares of the company were exchanged, compared to its average volume of 1,154,505. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average price of $21.56 and a 200 day moving average price of $21.03. The stock has a market cap of $2.39 billion, a PE ratio of 35.92 and a beta of 0.79.

CoreCivic (NYSE:CXW - Get Free Report) last announced its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.10. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. The firm had revenue of $488.60 million during the quarter, compared to analysts' expectations of $478.49 million. During the same quarter in the previous year, the business earned $0.46 EPS. The company's quarterly revenue was down 2.4% on a year-over-year basis. Analysts forecast that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CXW. Wall Street Zen upgraded 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 note on Tuesday, February 11th. Finally, Noble Financial raised shares of CoreCivic from a "market perform" rating to an "outperform" rating in a research note 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.