AlphaQuest LLC Has $435,000 Stock Position in CoreCivic, Inc. $CXW

AlphaQuest LLC reduced its position in CoreCivic, Inc. (NYSE:CXW) by 44.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 20,634 shares of the real estate investment trust’s stock after selling 16,721 shares during the period. AlphaQuest LLC’s holdings in CoreCivic were worth $435,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC increased its stake in shares of CoreCivic by 80.1% in the 2nd quarter. CWM LLC now owns 2,186 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 972 shares during the period. GAMMA Investing LLC increased its stake in shares of CoreCivic by 10.0% in the 1st quarter. GAMMA Investing LLC now owns 5,156 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 470 shares during the period. Harbour Investments Inc. increased its stake in shares of CoreCivic by 215.6% in the 1st quarter. Harbour Investments Inc. now owns 5,337 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 3,646 shares during the period. Harvest Fund Management Co. Ltd increased its stake in shares of CoreCivic by 29.6% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 9,250 shares of the real estate investment trust’s stock valued at $187,000 after buying an additional 2,113 shares during the period. Finally, SCS Capital Management LLC acquired a new stake in shares of CoreCivic in the 1st quarter valued at $203,000. 85.13% of the stock is owned by institutional investors and hedge funds.

CoreCivic Stock Up 1.4%

Shares of CoreCivic stock opened at $18.63 on Thursday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.68. CoreCivic, Inc. has a 12 month low of $12.66 and a 12 month high of $24.99. The business has a fifty day simple moving average of $19.78 and a 200 day simple moving average of $20.82. The stock has a market cap of $1.99 billion, a PE ratio of 19.81 and a beta of 0.75.

CoreCivic (NYSE:CXW) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.16. The business had revenue of $538.17 million during the quarter, compared to analysts’ expectations of $499.02 million. CoreCivic had a return on equity of 7.12% and a net margin of 5.21%.The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 earnings per share. Research analysts predict that CoreCivic, Inc. will post 1.5 EPS for the current year.

Wall Street Analyst Weigh In

CXW has been the subject of several research reports. Wall Street Zen raised CoreCivic from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CoreCivic in a research note on Wednesday, October 8th. Finally, Jones Trading reaffirmed a “buy” rating and set a $30.00 price objective on shares of CoreCivic in a research note on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, CoreCivic presently has a consensus rating of “Moderate Buy” and an average target price of $33.33.

Insider Activity

In other CoreCivic news, EVP Anthony L. Grande sold 22,500 shares of CoreCivic stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $21.18, for a total transaction of $476,550.00. Following the transaction, the executive vice president directly owned 135,559 shares in the company, valued at approximately $2,871,139.62. The trade was a 14.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thurgood Marshall, Jr. sold 6,000 shares of CoreCivic stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $20.52, for a total value of $123,120.00. Following the transaction, the director owned 44,023 shares in the company, valued at approximately $903,351.96. This represents a 11.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 51,000 shares of company stock worth $1,042,545. Corporate insiders own 2.30% of the company’s stock.

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.