Caxton Associates LLP Takes $310,000 Position in CoreCivic, Inc. $CXW

Caxton Associates LLP bought a new position in CoreCivic, Inc. (NYSE:CXWFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,412 shares of the real estate investment trust’s stock, valued at approximately $310,000.

Other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in CoreCivic by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 31,880 shares of the real estate investment trust’s stock valued at $603,000 after buying an additional 510 shares in the last quarter. State of Wyoming grew its stake in CoreCivic by 3.1% during the first quarter. State of Wyoming now owns 22,172 shares of the real estate investment trust’s stock worth $419,000 after buying an additional 659 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings 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 worth $59,000 after buying an additional 702 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of CoreCivic by 0.4% during the first quarter. Bessemer Group Inc. now owns 166,475 shares of the real estate investment trust’s stock worth $3,148,000 after buying an additional 742 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of CoreCivic by 10.4% in the second quarter. Lazard Asset Management LLC now owns 10,595 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 1,002 shares during the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic Trading Down 1.9%

CXW opened at $30.62 on Wednesday. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $3.03 billion, a PE ratio of 24.90 and a beta of 0.57. CoreCivic, Inc. has a 1-year low of $15.73 and a 1-year high of $32.69. The firm has a 50-day moving average price of $27.71 and a two-hundred day moving average price of $22.32.

Wall Street Analyst Weigh In

CXW has been the topic of several recent analyst reports. Northland Securities set a $40.00 target price on CoreCivic in a report on Friday, June 26th. Noble Financial raised their price target on CoreCivic from $28.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. UBS Group set a $35.00 price objective on CoreCivic in a research report on Tuesday, July 7th. Wall Street Zen upgraded CoreCivic from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Benchmark boosted their price objective on CoreCivic from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, CoreCivic presently has an average rating of “Buy” and an average target price of $36.20.

View Our Latest Research Report on CoreCivic

CoreCivic Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CXW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoreCivic, Inc. (NYSE:CXWFree Report).

Institutional Ownership by Quarter for CoreCivic (NYSE:CXW)

Receive News & Ratings for CoreCivic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreCivic and related companies with MarketBeat.com's FREE daily email newsletter.