515,400 Shares in CoreCivic, Inc. (NYSE:CXW) Acquired by Forest Avenue Capital Management LP

Forest Avenue Capital Management LP bought a new position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 515,400 shares of the real estate investment trust's stock, valued at approximately $11,205,000. CoreCivic accounts for approximately 1.0% of Forest Avenue Capital Management LP's holdings, making the stock its 21st biggest position. Forest Avenue Capital Management LP owned 0.47% of CoreCivic at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Cooper Creek Partners Management LLC grew its holdings in shares of CoreCivic by 9.9% during the fourth 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 purchasing an additional 553,336 shares during the last quarter. State Street Corp grew its holdings in CoreCivic by 0.4% during the 3rd quarter. State Street Corp now owns 4,200,268 shares of the real estate investment trust's stock worth $53,133,000 after acquiring an additional 18,415 shares during the last quarter. Geode Capital Management LLC increased its position in CoreCivic by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,570,005 shares of the real estate investment trust's stock valued at $32,517,000 after acquiring an additional 18,410 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of CoreCivic by 11.4% in the fourth quarter. Allianz Asset Management GmbH now owns 1,513,031 shares of the real estate investment trust's stock worth $32,893,000 after acquiring an additional 154,426 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of CoreCivic by 1.9% during the third quarter. Wellington Management Group LLP now owns 1,059,925 shares of the real estate investment trust's stock worth $13,408,000 after purchasing an additional 19,706 shares in the last quarter. Institutional investors and hedge funds own 85.13% of the company's stock.

CoreCivic Stock Performance

CoreCivic stock traded up $0.22 during midday trading on Friday, reaching $22.17. 705,861 shares of the company's stock were exchanged, compared to its average volume of 1,116,271. 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 stock's 50-day simple moving average is $19.70 and its 200 day simple moving average is $19.44. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 36.34 and a beta of 0.86. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99.

CoreCivic (NYSE:CXW - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.06. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. On average, analysts expect that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on CXW. StockNews.com raised shares of CoreCivic from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Wedbush reaffirmed an "outperform" rating and set a $30.00 price objective on shares of CoreCivic in a research note on Tuesday, February 11th. Finally, Noble Financial upgraded 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.