Short Interest in CoreCivic, Inc. (NYSE:CXW) Decreases By 30.8%

CoreCivic, Inc. (NYSE:CXW) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 2,430,000 shares, a drop of 30.8% from the February 13th total of 3,510,000 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average daily volume of 1,260,000 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Trading of CoreCivic

Several hedge funds and other institutional investors have recently bought and sold shares of CXW. Meeder Asset Management Inc. purchased a new stake in CoreCivic in the fourth quarter worth approximately $43,000. Smartleaf Asset Management LLC boosted its stake in CoreCivic by 318.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 1,859 shares in the last quarter. Copia Wealth Management purchased a new stake in CoreCivic in the fourth quarter worth approximately $82,000. Russell Investments Group Ltd. boosted its stake in CoreCivic by 86,300.0% in the fourth quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 4,315 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in CoreCivic by 25.5% in the fourth quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 953 shares in the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

CoreCivic Stock Up 2.4 %

Shares of NYSE CXW opened at $20.33 on Friday. CoreCivic has a 12 month low of $10.74 and a 12 month high of $24.99. The company has a current ratio of 1.57, a quick ratio of 1.51 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 33.33 and a beta of 1.02. The business has a 50-day moving average of $20.10 and a 200-day moving average of $18.18.

CoreCivic (NYSE:CXW) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 EPS 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%. Sell-side analysts expect that CoreCivic will post 1.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CXW has been the subject of several analyst reports. StockNews.com upgraded CoreCivic from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Wedbush restated an “outperform” rating and issued a $30.00 target price on shares of CoreCivic in a research note on Tuesday, February 11th. Finally, Noble Financial upgraded CoreCivic from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 12th.

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.