Quantbot Technologies LP Sells 53,604 Shares of CoreCivic, Inc. (NYSE:CXW)

Quantbot Technologies LP lowered its stake in CoreCivic, Inc. (NYSE:CXW - Free Report) by 69.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,096 shares of the real estate investment trust's stock after selling 53,604 shares during the quarter. Quantbot Technologies LP's holdings in CoreCivic were worth $502,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CXW. Raymond James Financial Inc. bought a new position in CoreCivic during the fourth quarter valued at approximately $11,733,000. Nisa Investment Advisors LLC grew its holdings in shares of CoreCivic by 13,071.0% in the fourth 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. Invenomic Capital Management LP raised its stake in CoreCivic by 28.7% during the third quarter. Invenomic Capital Management LP now owns 1,026,050 shares of the real estate investment trust's stock valued at $12,980,000 after purchasing an additional 228,803 shares in the last quarter. Point72 Asset Management L.P. bought a new position in CoreCivic during the third quarter valued at $2,810,000. Finally, Weiss Asset Management LP grew its stake in shares of CoreCivic by 74.3% in the 3rd quarter. Weiss Asset Management LP now owns 498,690 shares of the real estate investment trust's stock worth $6,308,000 after buying an additional 212,569 shares in the last quarter. Institutional investors own 85.13% of the company's stock.

Wall Street Analyst Weigh In

CXW has been the topic of several analyst reports. Noble Financial raised CoreCivic from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 12th. Wedbush reissued an "outperform" rating and set a $30.00 target price on shares of CoreCivic in a research report on Tuesday, February 11th. Finally, StockNews.com upgraded CoreCivic from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th.

CoreCivic Trading Up 1.4 %

NYSE CXW traded up $0.29 during trading on Tuesday, hitting $20.58. The stock had a trading volume of 776,113 shares, compared to its average volume of 1,088,952. CoreCivic, Inc. has a one year low of $10.74 and a one year high of $24.99. The stock has a 50 day simple moving average of $19.60 and a 200 day simple moving average of $18.76. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 33.73 and a beta of 1.02. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.51 and a current ratio of 1.57.

CoreCivic (NYSE:CXW - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.06. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. Sell-side analysts predict that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

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.