CoreCivic, Inc. (NYSE:CXW) Short Interest Update

CoreCivic, Inc. (NYSE:CXWGet Free Report) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 2,430,000 shares, a drop of 30.8% from the February 13th total of 3,510,000 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,260,000 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Millennium Management LLC raised its stake in CoreCivic by 88.4% in the 4th quarter. Millennium Management LLC now owns 1,261,944 shares of the real estate investment trust’s stock valued at $27,435,000 after purchasing an additional 592,070 shares during the last quarter. Cooper Creek Partners Management LLC raised its position in shares of CoreCivic by 9.9% in 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 buying an additional 553,336 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of CoreCivic in the fourth quarter valued at approximately $11,733,000. Forest Avenue Capital Management LP purchased a new position in shares of CoreCivic during the fourth quarter valued at approximately $11,205,000. Finally, Voloridge Investment Management LLC acquired a new stake in CoreCivic during the fourth quarter worth approximately $11,194,000. 85.13% of the stock is owned by hedge funds and other institutional investors.

CoreCivic Price Performance

CXW traded down $0.30 during trading on Monday, reaching $20.03. 1,012,324 shares of the stock were exchanged, compared to its average volume of 1,033,232. 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 company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 32.83 and a beta of 1.02. CoreCivic has a 1 year low of $10.74 and a 1 year high of $24.99. The business’s 50 day moving average price is $20.10 and its two-hundred day moving average price is $18.21.

CoreCivic (NYSE:CXWGet Free Report) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, topping 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%. As a group, equities research analysts anticipate that CoreCivic will post 1.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CXW has been the topic of a number of recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $30.00 price objective on shares of CoreCivic in a research report on Tuesday, February 11th. Noble Financial upgraded shares of CoreCivic from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 12th. Finally, StockNews.com raised shares of CoreCivic from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th.

Check Out Our Latest Research Report on CoreCivic

About CoreCivic

(Get Free Report)

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.

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