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

Counterpoint Mutual Funds LLC bought a new stake in shares of CoreCivic, Inc. (NYSE:CXW) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 84,683 shares of the real estate investment trust’s stock, valued at approximately $1,841,000. CoreCivic comprises approximately 0.2% of Counterpoint Mutual Funds LLC’s portfolio, making the stock its 16th largest holding.

A number of other large investors also recently made changes to their positions in the stock. Chesapeake Capital Corp IL bought a new stake in CoreCivic in the third quarter valued at about $139,000. Quest Partners LLC increased its stake in shares of CoreCivic by 24,217.1% in the 3rd quarter. Quest Partners LLC now owns 17,022 shares of the real estate investment trust’s stock valued at $215,000 after acquiring an additional 16,952 shares during the last quarter. Intech Investment Management LLC raised its position in shares of CoreCivic by 485.4% in the 3rd quarter. Intech Investment Management LLC now owns 87,737 shares of the real estate investment trust’s stock valued at $1,110,000 after acquiring an additional 72,750 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in CoreCivic by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,481,315 shares of the real estate investment trust’s stock worth $31,389,000 after acquiring an additional 35,591 shares during the last quarter. Finally, Algert Global LLC grew its holdings in CoreCivic by 348.2% during the third quarter. Algert Global LLC now owns 50,883 shares of the real estate investment trust’s stock valued at $644,000 after purchasing an additional 39,530 shares during the period. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic Stock Up 2.4 %

Shares of CXW stock opened at $20.33 on Monday. CoreCivic, Inc. has a 12-month low of $10.74 and a 12-month high of $24.99. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average of $20.10 and a 200-day moving average of $18.21. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 33.33 and a beta of 1.02.

CoreCivic (NYSE:CXW) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts predict that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

CoreCivic Profile

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.