Schonfeld Strategic Advisors LLC Has $1.68 Million Position in CoreCivic, Inc. (NYSE:CXW)

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

Several other large investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of CoreCivic during the 4th quarter worth approximately $43,000. Smartleaf Asset Management LLC lifted its stake in shares of CoreCivic by 318.9% in 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 purchasing an additional 1,859 shares in the last quarter. Russell Investments Group Ltd. boosted its position 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 period. GAMMA Investing LLC boosted its stake in shares of CoreCivic by 25.5% in the fourth quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust's stock valued at $102,000 after purchasing an additional 953 shares during the period. Finally, KBC Group NV grew its stake in CoreCivic by 57.3% during the 4th quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust's stock valued at $119,000 after purchasing an additional 1,995 shares in the last quarter. 85.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on CXW. Noble Financial upgraded shares of 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. Finally, Wedbush reiterated an "outperform" rating and set a $30.00 price target on shares of CoreCivic in a research report on Tuesday, February 11th.

CoreCivic Price Performance

CXW traded down $0.14 during trading on Friday, reaching $21.88. The stock had a trading volume of 1,081,101 shares, compared to its average volume of 1,154,438. CoreCivic, Inc. has a 1-year low of $10.74 and a 1-year high of $24.99. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.65. The stock has a 50 day moving average of $20.89 and a two-hundred day moving average of $20.49. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 35.87 and a beta of 0.79.

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 (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.10. The firm had revenue of $488.60 million for the quarter, compared to the consensus estimate of $478.49 million. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. The business's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 EPS. As a group, equities analysts anticipate that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

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.