CoreCivic, Inc. (NYSE:CXW) Stock Position Increased by Cooper Creek Partners Management LLC

Cooper Creek Partners Management LLC boosted its stake in CoreCivic, Inc. (NYSE:CXW - Free Report) by 9.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,127,227 shares of the real estate investment trust's stock after purchasing an additional 553,336 shares during the period. CoreCivic comprises 4.1% of Cooper Creek Partners Management LLC's investment portfolio, making the stock its 2nd largest position. Cooper Creek Partners Management LLC owned 5.56% of CoreCivic worth $133,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of CXW. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in CoreCivic by 47.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,459 shares of the real estate investment trust's stock worth $2,447,000 after acquiring an additional 62,022 shares during the period. Barclays PLC boosted its stake in shares of CoreCivic by 312.4% during the 3rd quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust's stock valued at $2,331,000 after purchasing an additional 139,631 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of CoreCivic by 11.4% during the fourth quarter. Allianz Asset Management GmbH now owns 1,513,031 shares of the real estate investment trust's stock valued at $32,893,000 after buying an additional 154,426 shares during the period. Empowered Funds LLC bought a new position in CoreCivic in the fourth quarter worth about $1,477,000. Finally, Teacher Retirement System of Texas purchased a new stake in CoreCivic in the fourth quarter worth about $4,582,000. Institutional investors own 85.13% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com upgraded CoreCivic from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Wedbush reissued an "outperform" rating and set a $30.00 price objective on shares of CoreCivic in a research report 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 1.0 %

Shares of NYSE CXW traded up $0.22 during trading on Friday, reaching $22.17. The company had a trading volume of 705,861 shares, compared to its average volume of 1,114,423. CoreCivic, Inc. has a 12-month low of $10.74 and a 12-month high of $24.99. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.65. The business's 50-day moving average is $19.70 and its 200 day moving average is $19.44. The stock has a market cap of $2.42 billion, a PE ratio of 36.34 and a beta of 0.86.

CoreCivic (NYSE:CXW - Get Free Report) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (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 analysts forecast that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal 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.