NWI Management LP Acquires New Holdings in CoreCivic, Inc. (NYSE:CXW)

NWI Management LP acquired a new position in CoreCivic, Inc. (NYSE:CXW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 112,000 shares of the real estate investment trust's stock, valued at approximately $2,435,000. NWI Management LP owned approximately 0.10% of CoreCivic at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CXW. Meeder Asset Management Inc. purchased a new stake in shares of CoreCivic during the 4th quarter worth about $43,000. Smartleaf Asset Management LLC raised its position 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 valued at $53,000 after buying an additional 1,859 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of 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 worth $94,000 after purchasing an additional 4,315 shares during the period. KBC Group NV lifted its holdings 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 worth $119,000 after acquiring an additional 1,995 shares during the last quarter. Finally, Tidal Investments LLC purchased a new position in shares of CoreCivic during the third quarter worth $139,000. 85.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CoreCivic 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 transaction of $1,611,750.00. Following the transaction, the executive vice president now owns 211,232 shares of the company's stock, valued at $4,539,375.68. This trade represents a 26.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CXW shares. Wedbush restated an "outperform" rating and issued a $30.00 price target on shares of CoreCivic in a research note on Tuesday, February 11th. Noble Financial raised shares of CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 12th. Finally, StockNews.com raised shares of CoreCivic from a "hold" rating to a "buy" rating in a research note on Friday.

CoreCivic Trading Up 2.9%

Shares of CXW traded up $0.63 during mid-day trading on Monday, reaching $22.52. The company had a trading volume of 282,836 shares, compared to its average volume of 1,154,145. The firm has a fifty day simple moving average of $21.18 and a 200-day simple moving average of $20.81. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. The company has a current ratio of 1.57, a quick ratio of 1.51 and a debt-to-equity ratio of 0.65. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 36.85 and a beta of 0.79.

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

CoreCivic Company 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.