Graham Capital Management L.P. Purchases 16,458 Shares of CoreCivic, Inc. (NYSE:CXW)

Graham Capital Management L.P. increased its position in shares of CoreCivic, Inc. (NYSE:CXW) by 74.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,507 shares of the real estate investment trust’s stock after acquiring an additional 16,458 shares during the quarter. Graham Capital Management L.P.’s holdings in CoreCivic were worth $837,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CXW. Cooper Creek Partners Management LLC raised its stake in shares of CoreCivic by 9.9% during the 4th quarter. Cooper Creek Partners Management LLC now owns 6,127,227 shares of the real estate investment trust’s stock worth $133,206,000 after acquiring an additional 553,336 shares in the last quarter. Raymond James Financial Inc. acquired a new position in CoreCivic during the 4th quarter valued at approximately $11,733,000. Forest Avenue Capital Management LP acquired a new position in CoreCivic during the 4th quarter valued at approximately $11,205,000. Tudor Investment Corp ET AL increased its stake in CoreCivic by 1,398.6% during the 4th quarter. Tudor Investment Corp ET AL now owns 411,772 shares of the real estate investment trust’s stock valued at $8,952,000 after purchasing an additional 384,295 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in CoreCivic by 13,071.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 253,147 shares of the real estate investment trust’s stock valued at $5,503,000 after purchasing an additional 251,225 shares in the last quarter. Institutional investors own 85.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CXW shares. StockNews.com upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. Wedbush restated an “outperform” rating and set a $30.00 price target on shares of CoreCivic in a research note on Tuesday, February 11th. Finally, Noble Financial upgraded shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 12th.

CoreCivic Stock Up 0.4%

CXW stock opened at $21.72 on Wednesday. The firm’s fifty day simple moving average is $21.01 and its 200-day simple moving average is $20.61. The company has a market capitalization of $2.37 billion, a P/E ratio of 35.61 and a beta of 0.79. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.51. 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 data on Wednesday, May 7th. The real estate investment trust reported $0.45 EPS for the quarter, beating the consensus estimate of $0.35 by $0.10. The business had revenue of $488.60 million for the quarter, compared to the consensus estimate of $478.49 million. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. As a group, equities research analysts forecast that CoreCivic, Inc. will post 1.5 earnings per share for the current 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.