Counterpoint Mutual Funds LLC Invests $1.84 Million in CoreCivic, Inc. (NYSE:CXW)

Counterpoint Mutual Funds LLC purchased a new stake in CoreCivic, Inc. (NYSE:CXW - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 84,683 shares of the real estate investment trust's stock, valued at approximately $1,841,000. CoreCivic comprises about 0.2% of Counterpoint Mutual Funds LLC's portfolio, making the stock its 16th largest holding. Counterpoint Mutual Funds LLC owned approximately 0.08% of CoreCivic as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Chesapeake Capital Corp IL bought a new stake in shares of CoreCivic in the third quarter worth about $139,000. Quest Partners LLC lifted its position in CoreCivic by 24,217.1% during the third quarter. Quest Partners LLC now owns 17,022 shares of the real estate investment trust's stock valued at $215,000 after purchasing an additional 16,952 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of CoreCivic by 485.4% in the 3rd quarter. Intech Investment Management LLC now owns 87,737 shares of the real estate investment trust's stock worth $1,110,000 after buying an additional 72,750 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of CoreCivic by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,481,315 shares of the real estate investment trust's stock valued at $31,389,000 after acquiring an additional 35,591 shares during the last quarter. Finally, Algert Global LLC grew its position in CoreCivic by 348.2% in the third quarter. Algert Global LLC now owns 50,883 shares of the real estate investment trust's stock worth $644,000 after acquiring an additional 39,530 shares in the last quarter. Hedge funds and other institutional investors own 85.13% of the company's stock.

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CoreCivic Trading Down 2.7 %

Shares of NYSE CXW traded down $0.55 during midday trading on Friday, hitting $20.00. The company's stock had a trading volume of 2,439,817 shares, compared to its average volume of 1,038,986. CoreCivic, Inc. has a 12-month low of $10.74 and a 12-month high of $24.99. The company has a current ratio of 1.57, a quick ratio of 1.51 and a debt-to-equity ratio of 0.65. The firm has a market cap of $2.18 billion, a P/E ratio of 32.78 and a beta of 1.02. The business's 50 day moving average is $19.92 and its two-hundred day moving average is $18.33.

CoreCivic (NYSE:CXW - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping 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, equities research analysts expect that CoreCivic, Inc. will post 1.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Noble Financial upgraded CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 12th. Wedbush reaffirmed an "outperform" rating and set a $30.00 price objective on shares of CoreCivic in a research note on Tuesday, February 11th. Finally, StockNews.com upgraded shares of CoreCivic from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th.

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.