Versor Investments LP Invests $263,000 in CoreCivic, Inc. (NYSE:CXW)

Versor Investments LP bought a new stake in CoreCivic, Inc. (NYSE:CXW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,100 shares of the real estate investment trust’s stock, valued at approximately $263,000.

Several other hedge funds also recently made changes to their positions in CXW. Nisa Investment Advisors LLC raised its holdings in 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 worth $5,503,000 after purchasing an additional 251,225 shares in the last quarter. Invenomic Capital Management LP grew its position in shares of CoreCivic by 28.7% in the 3rd quarter. Invenomic Capital Management LP now owns 1,026,050 shares of the real estate investment trust’s stock worth $12,980,000 after buying an additional 228,803 shares during the period. Point72 Asset Management L.P. bought a new position in shares of CoreCivic in the 3rd quarter worth about $2,810,000. Weiss Asset Management LP lifted its position in CoreCivic by 74.3% during the 3rd quarter. Weiss Asset Management LP now owns 498,690 shares of the real estate investment trust’s stock valued at $6,308,000 after acquiring an additional 212,569 shares during the period. Finally, FMR LLC boosted its stake in CoreCivic by 3.8% during the third quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock worth $64,739,000 after acquiring an additional 186,310 shares in the last quarter. 85.13% of the stock is currently owned by institutional investors.

CoreCivic Trading Down 3.0 %

Shares of NYSE CXW opened at $18.20 on Tuesday. The firm’s 50 day moving average price is $20.61 and its 200-day moving average price is $17.80. CoreCivic, Inc. has a 52-week low of $10.74 and a 52-week high of $24.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.51 and a current ratio of 1.57. The company has a market cap of $1.98 billion, a PE ratio of 29.84 and a beta of 1.00.

CoreCivic (NYSE:CXW) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts expect that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CXW. Wedbush reiterated an “outperform” rating and set a $30.00 target price on shares of CoreCivic in a report on Tuesday, February 11th. Noble Financial upgraded CoreCivic from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 12th. Northland Securities boosted their target price on CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, StockNews.com upgraded CoreCivic from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th.

CoreCivic 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.