Graham Capital Management L.P. Has $837,000 Stock Holdings in CoreCivic, Inc. (NYSE:CXW)

Graham Capital Management L.P. grew its position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 74.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,507 shares of the real estate investment trust's stock after purchasing an additional 16,458 shares during the period. Graham Capital Management L.P.'s holdings in CoreCivic were worth $837,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CXW. Meeder Asset Management Inc. bought a new stake in shares of CoreCivic in the fourth quarter worth $43,000. Smartleaf Asset Management LLC increased its stake in shares of CoreCivic by 318.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust's stock worth $53,000 after buying an additional 1,859 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of CoreCivic by 86,300.0% in the fourth quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust's stock worth $94,000 after buying an additional 4,315 shares during the last quarter. KBC Group NV increased its stake in shares of CoreCivic by 57.3% in the fourth quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust's stock worth $119,000 after buying an additional 1,995 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of CoreCivic in the third quarter worth $139,000. Hedge funds and other institutional investors own 85.13% of the company's stock.

Insider Activity

In related news, 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 value of $1,611,750.00. Following the transaction, the executive vice president now owns 211,232 shares in the company, valued at approximately $4,539,375.68. This represents a 26.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.30% of the company's stock.

CoreCivic Stock Performance

Shares of CXW traded down $0.01 during midday trading on Friday, hitting $21.92. 748,520 shares of the stock traded hands, compared to its average volume of 1,154,903. CoreCivic, Inc. has a 1-year low of $10.74 and a 1-year high of $24.99. The firm has a market capitalization of $2.39 billion, a PE ratio of 35.93 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 business's 50 day moving average price is $21.18 and its two-hundred day moving average price is $20.71.

CoreCivic (NYSE:CXW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $478.49 million. During the same quarter last year, the firm posted $0.46 EPS. The business's revenue for the quarter was down 2.4% on a year-over-year basis. Equities research analysts predict that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wedbush restated an "outperform" rating and issued a $30.00 price target on shares of CoreCivic in a research note on Tuesday, February 11th. StockNews.com upgraded shares of CoreCivic from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Noble Financial upgraded 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.