Two Sigma Investments LP grew its position in CoreCivic, Inc. (NYSE:CXW - Free Report) by 1,428.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 480,275 shares of the real estate investment trust's stock after purchasing an additional 448,848 shares during the quarter. Two Sigma Investments LP owned approximately 0.44% of CoreCivic worth $10,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of CXW. Meeder Asset Management Inc. purchased a new position in shares of CoreCivic in the fourth quarter valued at about $43,000. Smartleaf Asset Management LLC grew its position in shares of 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 worth $53,000 after purchasing an additional 1,859 shares in the last quarter. Russell Investments Group Ltd. raised its stake in CoreCivic by 86,300.0% during 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 purchasing an additional 4,315 shares during the period. KBC Group NV lifted its holdings 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 worth $119,000 after purchasing an additional 1,995 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in CoreCivic in the 4th quarter worth approximately $155,000. 85.13% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, EVP Anthony L. Grande sold 10,000 shares of the firm's stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Lucibeth Mayberry sold 75,000 shares of CoreCivic stock in a transaction dated 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 owns 211,232 shares of the company's stock, valued at $4,539,375.68. The trade was a 26.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 180,246 shares of company stock worth $3,974,455. 2.30% of the stock is currently owned by corporate insiders.
CoreCivic Price Performance
CoreCivic stock traded up $0.06 during midday trading on Thursday, reaching $21.95. 268,190 shares of the stock traded hands, compared to its average volume of 1,181,142. 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 market cap of $2.40 billion, a P/E ratio of 35.98 and a beta of 0.79. CoreCivic, Inc. has a 12 month low of $10.74 and a 12 month high of $24.99. The stock's fifty day moving average is $21.53 and its 200-day moving average is $21.05.
CoreCivic (NYSE:CXW - Get Free Report) last announced its quarterly earnings results 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. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. The company had revenue of $488.60 million for the quarter, compared to analysts' expectations of $478.49 million. During the same quarter in the previous year, the business posted $0.46 earnings per share. CoreCivic's quarterly revenue was down 2.4% on a year-over-year basis. As a group, equities research analysts anticipate that CoreCivic, Inc. will post 1.5 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on CXW shares. Noble Financial upgraded shares of CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 12th. Wall Street Zen upgraded shares of CoreCivic from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Finally, Wedbush reiterated an "outperform" rating and issued a $30.00 price target on shares of CoreCivic in a research note on Tuesday, February 11th.
Check Out Our Latest Research Report on CoreCivic
About CoreCivic
(
Free Report)
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.
Featured Stories
Before you consider CoreCivic, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CoreCivic wasn't on the list.
While CoreCivic currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
