18,099 Shares in CoreCivic, Inc. $CXW Purchased by Entropy Technologies LP

Entropy Technologies LP purchased a new position in shares of CoreCivic, Inc. (NYSE:CXW) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,099 shares of the real estate investment trust’s stock, valued at approximately $342,000.

Several other large investors have also recently added to or reduced their stakes in CXW. NBC Securities Inc. boosted its stake in shares of CoreCivic by 533.9% during the 4th quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,228 shares during the period. Leonteq Securities AG acquired a new position in shares of CoreCivic in the fourth quarter worth $57,000. Smartleaf Asset Management LLC raised 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 acquiring an additional 702 shares in the last quarter. Fifth Third Bancorp boosted its position in CoreCivic by 320.7% during the fourth quarter. Fifth Third Bancorp now owns 3,340 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 2,546 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in CoreCivic in the fourth quarter valued at about $71,000. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic Price Performance

Shares of CXW stock opened at $29.83 on Friday. CoreCivic, Inc. has a 12 month low of $15.73 and a 12 month high of $32.69. The company has a market capitalization of $2.95 billion, a P/E ratio of 24.25 and a beta of 0.57. The stock has a 50 day moving average of $28.06 and a two-hundred day moving average of $22.46. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.99.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CXW. Benchmark lifted their price target on CoreCivic from $36.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. UBS Group set a $35.00 target price on shares of CoreCivic in a research note on Tuesday, July 7th. Weiss Ratings upgraded shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, Northland Securities set a $40.00 target price on shares of CoreCivic in a research report on Friday, June 26th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $36.20.

CoreCivic Profile

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.