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

Tudor Investment Corp ET AL lowered its holdings in shares of CoreCivic, Inc. (NYSE:CXW) by 4.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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’s holdings in CoreCivic were worth $12,727,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CXW. Royal Bank of Canada boosted its holdings in shares of CoreCivic by 49.2% during the 1st quarter. Royal Bank of Canada now owns 59,523 shares of the real estate investment trust’s stock worth $1,207,000 after buying an additional 19,630 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of CoreCivic by 69.8% in the 1st quarter. AQR Capital Management LLC now owns 28,120 shares of the real estate investment trust’s stock valued at $571,000 after acquiring an additional 11,557 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of CoreCivic by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,828 shares of the real estate investment trust’s stock valued at $1,315,000 after acquiring an additional 2,828 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of CoreCivic by 3,884.2% during the 1st quarter. Jones Financial Companies Lllp now owns 18,885 shares of the real estate investment trust’s stock valued at $383,000 after acquiring an additional 18,411 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of CoreCivic by 2.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,467 shares of the real estate investment trust’s stock valued at $4,473,000 after acquiring an additional 4,977 shares during the period. 85.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CXW has been the subject of a number of research reports. Benchmark started coverage on shares of CoreCivic in a report on Tuesday, March 24th. They issued a “buy” rating and a $28.00 price target for the company. JonesTrading reiterated a “buy” rating and set a $30.00 price objective on shares of CoreCivic in a report on Friday, February 13th. Finally, Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Sunday, March 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.00.

CoreCivic Price Performance

Shares of NYSE:CXW opened at $20.45 on Monday. CoreCivic, Inc. has a twelve month low of $15.73 and a twelve month high of $23.54. The stock’s 50 day moving average is $18.64 and its 200-day moving average is $18.79. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 18.93 and a beta of 0.61.

CoreCivic (NYSE:CXW) last released its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.27 earnings per share 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 business had revenue of $603.95 million during the quarter, compared to the consensus estimate of $585.12 million. During the same period last year, the business posted $0.39 earnings per share. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. Sell-side analysts forecast that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

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.