Tudor Investment Corp ET AL Sells 29,375 Shares of CoreCivic, Inc. $CXW

Tudor Investment Corp ET AL reduced its stake in CoreCivic, Inc. (NYSE:CXW) by 4.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 625,406 shares of the real estate investment trust’s stock after selling 29,375 shares during the period. Tudor Investment Corp ET AL owned about 0.60% of CoreCivic worth $12,727,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CXW. Covestor Ltd lifted its stake in CoreCivic by 31,516.7% in the 3rd quarter. Covestor Ltd now owns 1,897 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 1,891 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of CoreCivic by 33.0% during the second quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 702 shares during the last quarter. CWM LLC grew its stake in shares of CoreCivic by 133.5% during the third quarter. CWM LLC now owns 5,105 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 2,919 shares during the last quarter. LSV Asset Management acquired a new position in shares of CoreCivic during the third quarter worth $151,000. Finally, Evergreen Capital Management LLC acquired a new position in shares of CoreCivic during the second quarter worth $202,000. 85.13% of the stock is currently owned by institutional investors and hedge funds.

CoreCivic Stock Down 0.3%

CoreCivic stock opened at $20.45 on Monday. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 18.93 and a beta of 0.61. CoreCivic, Inc. has a 52-week low of $15.73 and a 52-week high of $23.54. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a 50 day moving average price of $18.64 and a two-hundred day moving average price of $18.79.

CoreCivic (NYSE:CXW) last posted its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.16). CoreCivic had a net margin of 5.27% and a return on equity of 8.17%. The firm had revenue of $603.95 million during the quarter, compared to the consensus estimate of $585.12 million. During the same period in the prior year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. Equities analysts predict that CoreCivic, Inc. will post 1.5 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on CXW. JonesTrading reissued a “buy” rating and set a $30.00 price objective on shares of CoreCivic in a report on Friday, February 13th. Wall Street Zen upgraded CoreCivic from a “hold” rating to a “buy” rating in a research report on Sunday, March 8th. Finally, Benchmark initiated coverage on CoreCivic in a research note on Tuesday, March 24th. They set a “buy” rating and a $28.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $32.00.

CoreCivic Profile

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.