Invenomic Capital Management LP Has $9.89 Million Stake in CoreCivic, Inc. (NYSE:CXW)

Invenomic Capital Management LP cut its stake in CoreCivic, Inc. (NYSE:CXW - Free Report) by 55.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 454,831 shares of the real estate investment trust's stock after selling 571,219 shares during the period. Invenomic Capital Management LP owned approximately 0.41% of CoreCivic worth $9,888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new position in shares of CoreCivic during the fourth quarter worth about $43,000. Smartleaf Asset Management LLC boosted its stake in shares of CoreCivic by 318.9% during the 4th 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. grew its stake in 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 valued at $94,000 after purchasing an additional 4,315 shares in the last quarter. GAMMA Investing LLC increased its holdings in CoreCivic by 25.5% during the fourth quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust's stock worth $102,000 after buying an additional 953 shares during the last quarter. Finally, KBC Group NV grew its position in shares of CoreCivic by 57.3% in the 4th quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust's stock valued at $119,000 after acquiring an additional 1,995 shares during the period. 85.13% of the stock is owned by institutional investors and hedge funds.

CoreCivic Price Performance

Shares of CoreCivic stock traded down $0.01 on Friday, reaching $21.92. 748,520 shares of the stock were exchanged, compared to its average volume of 1,153,379. 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 firm has a market cap of $2.40 billion, a PE ratio of 35.93 and a beta of 0.79. The firm's 50 day moving average is $21.12 and its 200-day moving average is $20.66. CoreCivic, Inc. has a one year low of $10.74 and a one year high of $24.99.

CoreCivic (NYSE:CXW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.45 EPS 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 business had revenue of $488.60 million during the quarter, compared to the consensus estimate of $478.49 million. During the same period in the previous year, the business earned $0.46 earnings per share. The company's revenue was down 2.4% on a year-over-year basis. As a group, analysts anticipate that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Noble Financial upgraded CoreCivic from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 12th. StockNews.com raised CoreCivic from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Finally, Wedbush reissued an "outperform" rating and set a $30.00 target price on shares of CoreCivic in a report on Tuesday, February 11th.

About CoreCivic

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.