Quantbot Technologies LP Sells 53,604 Shares of CoreCivic, Inc. (NYSE:CXW)

Quantbot Technologies LP lowered its position in shares of CoreCivic, Inc. (NYSE:CXW) by 69.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,096 shares of the real estate investment trust’s stock after selling 53,604 shares during the period. Quantbot Technologies LP’s holdings in CoreCivic were worth $502,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CXW. Raymond James Financial Inc. purchased a new position in CoreCivic in the fourth quarter valued at about $11,733,000. Nisa Investment Advisors LLC raised its holdings in shares of CoreCivic by 13,071.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 253,147 shares of the real estate investment trust’s stock worth $5,503,000 after buying an additional 251,225 shares during the last quarter. Invenomic Capital Management LP raised its stake in CoreCivic by 28.7% in the 3rd quarter. Invenomic Capital Management LP now owns 1,026,050 shares of the real estate investment trust’s stock worth $12,980,000 after acquiring an additional 228,803 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of CoreCivic during the third quarter worth about $2,810,000. Finally, Weiss Asset Management LP lifted its stake in CoreCivic by 74.3% during the 3rd quarter. Weiss Asset Management LP now owns 498,690 shares of the real estate investment trust’s stock valued at $6,308,000 after acquiring an additional 212,569 shares during the period. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Noble Financial raised shares of CoreCivic from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 12th. Wedbush reaffirmed an “outperform” rating and set a $30.00 price target on shares of CoreCivic in a research report on Tuesday, February 11th. Finally, StockNews.com raised CoreCivic from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th.

CoreCivic Price Performance

Shares of NYSE CXW opened at $20.60 on Friday. 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 stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 33.77 and a beta of 1.02. The firm’s 50 day simple moving average is $19.71 and its 200-day simple moving average is $18.57. CoreCivic, Inc. has a 12 month low of $10.74 and a 12 month high of $24.99.

CoreCivic (NYSE:CXW) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. Analysts expect that CoreCivic, Inc. will post 1.5 EPS for the current 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.