Tudor Investment Corp ET AL Reduces Holdings in CoreCivic, Inc. $CXW

Tudor Investment Corp ET AL reduced its position in shares of CoreCivic, Inc. (NYSE:CXW) by 4.5% during the third quarter, HoldingsChannel reports. The firm owned 625,406 shares of the real estate investment trust’s stock after selling 29,375 shares during the quarter. Tudor Investment Corp ET AL’s holdings in CoreCivic were worth $12,727,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. purchased a new stake in CoreCivic during the 2nd quarter worth $25,000. Covestor Ltd boosted its position in CoreCivic by 31,516.7% in the 3rd quarter. Covestor Ltd now owns 1,897 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 1,891 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of CoreCivic by 33.0% during the second quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 702 shares in the last quarter. CWM LLC increased its position in shares of CoreCivic by 133.5% during the third quarter. CWM LLC now owns 5,105 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 2,919 shares during the last quarter. Finally, LSV Asset Management acquired a new position in shares of CoreCivic in the third quarter worth about $151,000. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

CoreCivic Stock Down 2.5%

CXW stock opened at $19.42 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.66 and a quick ratio of 1.66. CoreCivic, Inc. has a 1-year low of $15.73 and a 1-year high of $23.54. The firm has a fifty day moving average price of $18.70 and a two-hundred day moving average price of $18.85. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 17.98 and a beta of 0.72.

CoreCivic (NYSE:CXW) last posted its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.16). CoreCivic had a return on equity of 8.17% and a net margin of 5.27%.The business had revenue of $603.95 million during the quarter, compared to the consensus estimate of $585.12 million. During the same quarter in the previous year, the business posted $0.39 earnings per share. The company’s quarterly revenue was up 26.0% compared to the same quarter last year. Research analysts predict that CoreCivic, Inc. will post 1.5 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CXW shares. JonesTrading restated a “buy” rating and set a $30.00 price objective on shares of CoreCivic in a research note on Friday, February 13th. Wall Street Zen raised CoreCivic from a “hold” rating to a “buy” rating in a research report on Sunday, March 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $34.00.

About CoreCivic

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.