Short Interest in CoreCivic, Inc. (NYSE:CXW) Decreases By 30.8%

CoreCivic, Inc. (NYSE:CXW - Get Free Report) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 2,430,000 shares, a drop of 30.8% from the February 13th total of 3,510,000 shares. Approximately 2.3% of the company's stock are sold short. Based on an average daily trading volume, of 1,260,000 shares, the short-interest ratio is presently 1.9 days.

Analysts Set New Price Targets

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

CoreCivic Stock Up 1.0 %

NYSE CXW traded up $0.20 during trading hours on Thursday, hitting $20.56. The company's stock had a trading volume of 863,889 shares, compared to its average volume of 1,034,658. The company has a market capitalization of $2.24 billion, a PE ratio of 33.71 and a beta of 1.02. 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 has a 52 week low of $10.74 and a 52 week high of $24.99. The company's 50-day simple moving average is $20.02 and its two-hundred day simple moving average is $18.30.

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CoreCivic (NYSE:CXW - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 EPS 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%. Research analysts anticipate that CoreCivic will post 1.5 EPS for the current fiscal year.

Hedge Funds Weigh In On CoreCivic

Hedge funds have recently bought and sold shares of the company. Millennium Management LLC lifted its position in shares of CoreCivic by 88.4% during the fourth quarter. Millennium Management LLC now owns 1,261,944 shares of the real estate investment trust's stock valued at $27,435,000 after purchasing an additional 592,070 shares in the last quarter. Cooper Creek Partners Management LLC grew its stake in CoreCivic by 9.9% in the 4th quarter. Cooper Creek Partners Management LLC now owns 6,127,227 shares of the real estate investment trust's stock valued at $133,206,000 after purchasing an additional 553,336 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of CoreCivic during the 4th quarter valued at $11,733,000. Forest Avenue Capital Management LP bought a new position in CoreCivic during the fourth quarter valued at about $11,205,000. Finally, Voloridge Investment Management LLC bought a new position in CoreCivic during the fourth quarter valued at about $11,194,000. 85.13% of the stock is owned by hedge funds and other institutional investors.

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.