Cooper Creek Partners Management LLC Lowers Holdings in CoreCivic, Inc. $CXW

Cooper Creek Partners Management LLC reduced its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 51.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,849,459 shares of the real estate investment trust’s stock after selling 3,047,146 shares during the period. CoreCivic makes up approximately 1.8% of Cooper Creek Partners Management LLC’s portfolio, making the stock its 18th biggest holding. Cooper Creek Partners Management LLC’s holdings in CoreCivic were worth $53,883,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Lee Danner & Bass Inc. lifted its holdings in shares of CoreCivic by 273.1% in the 1st quarter. Lee Danner & Bass Inc. now owns 2,173,498 shares of the real estate investment trust’s stock valued at $41,101,000 after buying an additional 1,590,940 shares during the period. Rubric Capital Management LP boosted its stake in shares of CoreCivic by 140.6% in the third quarter. Rubric Capital Management LP now owns 1,961,446 shares of the real estate investment trust’s stock worth $39,915,000 after buying an additional 1,146,166 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of CoreCivic by 361.3% in the second quarter. Balyasny Asset Management L.P. now owns 1,260,637 shares of the real estate investment trust’s stock worth $26,562,000 after buying an additional 987,375 shares during the last quarter. Hatch Cove Capital LLC acquired a new stake in CoreCivic during the fourth quarter worth about $12,951,000. Finally, Philosophy Capital Management LLC grew its holdings in CoreCivic by 144.9% during the third quarter. Philosophy Capital Management LLC now owns 1,021,373 shares of the real estate investment trust’s stock worth $20,785,000 after acquiring an additional 604,311 shares during the period. 85.13% of the stock is owned by institutional investors and hedge funds.

CoreCivic Price Performance

NYSE:CXW opened at $31.28 on Friday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.99. CoreCivic, Inc. has a 52 week low of $15.73 and a 52 week high of $32.69. The stock’s 50-day moving average price is $27.32 and its 200-day moving average price is $22.14. The stock has a market capitalization of $3.09 billion, a PE ratio of 25.43 and a beta of 0.57.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CXW shares. Wall Street Zen raised CoreCivic from a “hold” rating to a “buy” rating in a report on Saturday. Benchmark upped their price objective on CoreCivic from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. Noble Financial lifted their target price on shares of CoreCivic from $28.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. Finally, Northland Securities set a $40.00 target price on shares of CoreCivic in a research note on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $36.20.

CoreCivic Profile

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.