Diametric Capital LP Makes New $314,000 Investment in CoreCivic, Inc. (NYSE:CXW)

Diametric Capital LP bought a new position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,445 shares of the real estate investment trust's stock, valued at approximately $314,000.

Several other large investors also recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new stake in shares of CoreCivic in the 4th quarter worth $43,000. Smartleaf Asset Management LLC increased its position in CoreCivic by 318.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 1,859 shares during the last quarter. GAMMA Investing LLC raised its stake in CoreCivic by 25.5% during the fourth quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust's stock worth $102,000 after purchasing an additional 953 shares during the period. KBC Group NV boosted its holdings in CoreCivic by 57.3% in the 4th quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust's stock valued at $119,000 after purchasing an additional 1,995 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of CoreCivic in the 3rd quarter valued at approximately $139,000. Hedge funds and other institutional investors own 85.13% of the company's stock.

CoreCivic Trading Down 5.1 %

NYSE CXW traded down $1.04 on Friday, reaching $19.41. The stock had a trading volume of 987,519 shares, compared to its average volume of 1,091,380. CoreCivic, Inc. has a 12-month low of $10.74 and a 12-month high of $24.99. The stock has a fifty day moving average price of $19.50 and a two-hundred day moving average price of $18.83. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 31.82 and a beta of 1.02. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.65.

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CoreCivic (NYSE:CXW - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. As a group, sell-side analysts forecast that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

CoreCivic 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.