Counterpoint Mutual Funds LLC Makes New $1.84 Million Investment in CoreCivic, Inc. (NYSE:CXW)

Counterpoint Mutual Funds LLC purchased a new stake in CoreCivic, Inc. (NYSE:CXW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 84,683 shares of the real estate investment trust’s stock, valued at approximately $1,841,000. CoreCivic accounts for about 0.2% of Counterpoint Mutual Funds LLC’s holdings, making the stock its 16th biggest position. Counterpoint Mutual Funds LLC owned 0.08% of CoreCivic as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in CoreCivic by 318.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 1,859 shares during the period. GAMMA Investing LLC lifted its holdings in shares of CoreCivic by 25.5% during the fourth quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 953 shares during the period. KBC Group NV boosted its stake in shares of CoreCivic by 57.3% in the 4th quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 1,995 shares in the last quarter. Chesapeake Capital Corp IL bought a new stake in shares of CoreCivic in the 3rd quarter worth about $139,000. Finally, Tidal Investments LLC acquired a new stake in shares of CoreCivic during the 3rd quarter worth about $139,000. Institutional investors own 85.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on CXW. Wedbush restated an “outperform” rating and issued a $30.00 price target on shares of CoreCivic in a research report on Tuesday, February 11th. Noble Financial raised CoreCivic from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 12th. Finally, StockNews.com raised CoreCivic from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th.

CoreCivic Trading Up 2.4 %

CXW opened at $20.33 on Monday. CoreCivic, Inc. has a 1-year low of $10.74 and a 1-year high of $24.99. The stock has a market capitalization of $2.21 billion, a PE ratio of 33.33 and a beta of 1.02. 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 50-day moving average price of $20.10 and a two-hundred day moving average price of $18.21.

CoreCivic (NYSE:CXW) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. As a group, equities analysts anticipate that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

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.