Teacher Retirement System of Texas acquired a new position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 210,759 shares of the real estate investment trust's stock, valued at approximately $4,582,000. Teacher Retirement System of Texas owned 0.19% of CoreCivic as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its position in shares of CoreCivic by 318.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 1,859 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of CoreCivic by 25.5% during the fourth quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust's stock valued at $102,000 after buying an additional 953 shares during the last quarter. KBC Group NV boosted its position in shares of CoreCivic by 57.3% during the fourth quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust's stock worth $119,000 after buying an additional 1,995 shares during the period. Tidal Investments LLC bought a new position in CoreCivic in the 3rd quarter worth approximately $139,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in CoreCivic in the 3rd quarter valued at approximately $144,000. Institutional investors own 85.13% of the company's stock.
Wall Street Analyst Weigh In
CXW has been the subject of several recent analyst reports. Wedbush reissued an "outperform" rating and issued a $30.00 price target on shares of CoreCivic in a research note on Tuesday, February 11th. StockNews.com upgraded shares of CoreCivic from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Finally, Noble Financial upgraded shares of CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 12th.
Read Our Latest Analysis on CoreCivic
CoreCivic Price Performance
NYSE:CXW traded down $0.21 during trading hours on Friday, reaching $20.41. 581,127 shares of the company's stock were exchanged, compared to its average volume of 1,090,015. The company has a market capitalization of $2.22 billion, a P/E ratio of 33.45 and a beta of 1.02. CoreCivic, Inc. has a 12 month low of $10.74 and a 12 month high of $24.99. The business's 50-day simple moving average is $19.66 and its two-hundred day simple moving average is $18.62. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.65.
CoreCivic (NYSE:CXW - Get Free Report) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.06. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. Sell-side analysts expect that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.
CoreCivic Profile
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Free Report)
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.
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