Discovery Capital Management LLC CT Takes Position in CoreCivic, Inc. (NYSE:CXW)

Discovery Capital Management LLC CT acquired a new position in CoreCivic, Inc. (NYSE:CXW) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 234,600 shares of the real estate investment trust’s stock, valued at approximately $5,100,000. Discovery Capital Management LLC CT owned about 0.21% of CoreCivic at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CXW. GAMMA Investing LLC increased its stake in shares of CoreCivic by 25.5% in the 4th quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 953 shares during the period. Exchange Traded Concepts LLC increased its position in CoreCivic by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 57,312 shares of the real estate investment trust’s stock worth $1,246,000 after purchasing an additional 1,450 shares during the period. Smartleaf Asset Management LLC raised its holdings in CoreCivic by 318.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 1,859 shares during the last quarter. HighTower Advisors LLC lifted its position in CoreCivic by 13.7% during the 3rd quarter. HighTower Advisors LLC now owns 15,549 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 1,877 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in shares of CoreCivic in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic Trading Down 0.6 %

Shares of NYSE CXW opened at $20.30 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.65. CoreCivic, Inc. has a twelve month low of $10.74 and a twelve month high of $24.99. The company’s fifty day moving average is $19.60 and its 200-day moving average is $18.76. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 33.27 and a beta of 1.02.

CoreCivic (NYSE:CXW) last posted 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%. Equities research analysts predict that CoreCivic, Inc. will post 1.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CXW. Wedbush reissued an “outperform” rating and set a $30.00 price target on shares of CoreCivic in a research note on Tuesday, February 11th. Noble Financial raised CoreCivic from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 12th. Finally, StockNews.com upgraded 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.