Discovery Capital Management LLC CT Acquires Shares of 234,600 CoreCivic, Inc. (NYSE:CXW)

Discovery Capital Management LLC CT purchased a new stake in CoreCivic, Inc. (NYSE:CXW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 234,600 shares of the real estate investment trust's stock, valued at approximately $5,100,000. Discovery Capital Management LLC CT owned approximately 0.21% of CoreCivic as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CXW. Meeder Asset Management Inc. bought a new position in shares of CoreCivic in the fourth quarter valued at approximately $43,000. Smartleaf Asset Management LLC raised its position in CoreCivic by 318.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 1,859 shares during the last quarter. GAMMA Investing LLC lifted its stake in CoreCivic by 25.5% during the 4th quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust's stock valued at $102,000 after acquiring an additional 953 shares in the last quarter. KBC Group NV boosted its holdings in CoreCivic by 57.3% during the 4th quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust's stock worth $119,000 after acquiring an additional 1,995 shares during the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of CoreCivic in the 3rd quarter worth $139,000. Institutional investors and hedge funds own 85.13% of the company's stock.

CoreCivic Stock Performance

Shares of NYSE:CXW traded up $0.10 during midday trading on Wednesday, reaching $20.70. The company had a trading volume of 1,037,965 shares, compared to its average volume of 1,089,687. The stock has a market cap of $2.25 billion, a P/E ratio of 33.93 and a beta of 1.02. The company's 50 day moving average price is $19.52 and its 200 day moving average price is $18.82. The company has a current ratio of 1.57, a quick ratio of 1.51 and a debt-to-equity ratio of 0.65. CoreCivic, Inc. has a 52-week low of $10.74 and a 52-week high of $24.99.

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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, beating analysts' consensus estimates 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, sell-side analysts anticipate that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. StockNews.com raised shares of CoreCivic from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Wedbush restated an "outperform" rating and issued a $30.00 target price on shares of CoreCivic in a research note on Tuesday, February 11th. Finally, Noble Financial raised CoreCivic from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 12th.

CoreCivic Company 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.