514,918 Shares in CoreCivic, Inc. (NYSE:CXW) Purchased by Voloridge Investment Management LLC

Voloridge Investment Management LLC purchased a new position in CoreCivic, Inc. (NYSE:CXW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 514,918 shares of the real estate investment trust's stock, valued at approximately $11,194,000. Voloridge Investment Management LLC owned about 0.47% of CoreCivic at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CXW. Millennium Management LLC increased its stake in 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 during the period. Cooper Creek Partners Management LLC grew its position in CoreCivic by 9.9% during the 4th quarter. Cooper Creek Partners Management LLC now owns 6,127,227 shares of the real estate investment trust's stock worth $133,206,000 after acquiring an additional 553,336 shares during the last quarter. Raymond James Financial Inc. bought a new stake in CoreCivic during the 4th quarter worth approximately $11,733,000. Forest Avenue Capital Management LP acquired a new position in CoreCivic during the 4th quarter worth $11,205,000. Finally, 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 buying an additional 448,848 shares in the last quarter. Institutional investors and hedge funds own 85.13% of the company's stock.

Insider Buying and Selling

In other news, EVP Anthony L. Grande sold 10,000 shares of the company's stock in a transaction dated Monday, May 19th. The shares were 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 represents a 5.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Patrick D. Swindle sold 23,000 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $22.39, for a total transaction of $514,970.00. Following the transaction, the chief operating officer now owns 241,630 shares in the company, valued at $5,410,095.70. This represents a 8.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 180,246 shares of company stock valued at $3,974,455 over the last 90 days. 2.30% of the stock is owned by insiders.

Analysts Set New Price Targets

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

CoreCivic Stock Down 0.9%

CXW stock traded down $0.20 during trading hours on Friday, reaching $21.72. 118,200 shares of the stock were exchanged, compared to its average volume of 1,154,632. The firm's 50-day moving average is $21.56 and its 200-day moving average is $21.03. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 35.72 and a beta of 0.79. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.51. CoreCivic, Inc. has a 12 month low of $10.74 and a 12 month high of $24.99.

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 analysts' consensus estimates of $0.35 by $0.10. The firm had revenue of $488.60 million during the quarter, compared to analysts' expectations of $478.49 million. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. The company's revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 EPS. On average, equities research analysts expect that CoreCivic, Inc. will post 1.5 earnings per share for the current 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.