Caxton Associates LLP Acquires Shares of 16,412 CoreCivic, Inc. $CXW

Caxton Associates LLP bought a new stake in CoreCivic, Inc. (NYSE:CXW) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 16,412 shares of the real estate investment trust’s stock, valued at approximately $310,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CXW. Vanguard Group Inc. lifted its stake in shares of CoreCivic by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 12,713,519 shares of the real estate investment trust’s stock valued at $242,955,000 after acquiring an additional 138,846 shares during the period. River Road Asset Management LLC increased its position in CoreCivic by 3.3% in the fourth quarter. River Road Asset Management LLC now owns 8,978,240 shares of the real estate investment trust’s stock worth $171,574,000 after purchasing an additional 287,108 shares during the period. Lee Danner & Bass Inc. increased its position in CoreCivic by 273.1% in the first quarter. Lee Danner & Bass Inc. now owns 2,173,498 shares of the real estate investment trust’s stock worth $41,101,000 after purchasing an additional 1,590,940 shares during the period. Rubric Capital Management LP lifted its position in CoreCivic by 140.6% during the 3rd quarter. Rubric Capital Management LP now owns 1,961,446 shares of the real estate investment trust’s stock valued at $39,915,000 after purchasing an additional 1,146,166 shares during the period. Finally, Balyasny Asset Management L.P. boosted its stake in shares of CoreCivic by 361.3% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,260,637 shares of the real estate investment trust’s stock valued at $26,562,000 after purchasing an additional 987,375 shares during the last quarter. Institutional investors own 85.13% of the company’s stock.

CoreCivic Trading Down 1.9%

Shares of NYSE CXW opened at $30.62 on Wednesday. CoreCivic, Inc. has a twelve month low of $15.73 and a twelve month high of $32.69. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 24.90 and a beta of 0.57. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.99. The company’s fifty day moving average is $27.71 and its 200-day moving average is $22.32.

Analyst Ratings Changes

CXW has been the subject of a number of recent research reports. Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Benchmark increased their price target on CoreCivic from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Northland Securities set a $40.00 price objective on CoreCivic in a research note on Friday, June 26th. Finally, UBS Group set a $35.00 price objective on CoreCivic in a report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $36.20.

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.