Michael Burry Is Dumping These 5 Stocks

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1. CoreCivic, Inc. (NYSE:CXW)

Number of Hedge Fund Holders: 13    

CoreCivic, Inc. (NYSE:CXW) owns and runs correctional and detention facilities. It recently posted earnings for the third quarter, reporting a revenue of $471 million, up 0.6% year-on-year and beating market estimates by more than $4 million. 

Regulatory filings show that Scion Asset Management owned 412,126 shares in CoreCivic, Inc. (NYSE:CXW) at the end of the third quarter of 2021 worth over $3.6 million, representing 8.79% of the portfolio. The fund has trimmed stake in the firm by 69% compared to the second quarter. 

At the end of the second quarter of 2021, 13 hedge funds in the database of Insider Monkey held stakes worth $97 million in CoreCivic, Inc. (NYSE:CXW), down from 18 in the previous quarter worth $95 million.

You can also take a peek at 10 Best Dividend Stocks to Buy According to Michael Burry and 10 Best Cheap Stocks to Buy According to Michael Burry.

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