CoreCivic, Inc. (NYSE:CXW) Position Decreased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC decreased its position in CoreCivic, Inc. (NYSE:CXW - Free Report) by 55.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,110 shares of the real estate investment trust's stock after selling 95,099 shares during the quarter. Schonfeld Strategic Advisors LLC owned 0.07% of CoreCivic worth $1,676,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CXW. Cooper Creek Partners Management LLC increased its stake in 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 valued at $133,206,000 after purchasing an additional 553,336 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of CoreCivic by 11.4% during the 4th quarter. Allianz Asset Management GmbH now owns 1,513,031 shares of the real estate investment trust's stock valued at $32,893,000 after buying an additional 154,426 shares during the last quarter. Northern Trust Corp raised its stake in CoreCivic by 3.1% during the fourth quarter. Northern Trust Corp now owns 1,251,464 shares of the real estate investment trust's stock worth $27,207,000 after acquiring an additional 37,639 shares during the period. National Bank of Canada FI lifted its holdings in CoreCivic by 19.5% in the fourth quarter. National Bank of Canada FI now owns 910,000 shares of the real estate investment trust's stock worth $19,783,000 after acquiring an additional 148,508 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in CoreCivic in the fourth quarter valued at approximately $11,733,000. 85.13% of the stock is currently owned by institutional investors.

CoreCivic Stock Performance

Shares of CXW traded up $0.01 during trading hours on Monday, reaching $21.89. 226,462 shares of the company's stock traded hands, compared to its average volume of 1,150,818. CoreCivic, Inc. has a twelve month low of $10.74 and a twelve month high of $24.99. The business's fifty day simple moving average is $20.89 and its two-hundred day simple moving average is $20.54. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.51. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 35.84 and a beta of 0.79.

CoreCivic (NYSE:CXW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.10. The company had revenue of $488.60 million during the quarter, compared to analyst estimates of $478.49 million. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. The business's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 EPS. Analysts predict that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on CXW shares. Noble Financial upgraded CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 12th. Wedbush reaffirmed an "outperform" rating and issued a $30.00 target price on shares of CoreCivic in a research report on Tuesday, February 11th. Finally, StockNews.com raised shares of CoreCivic from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th.

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.