Teacher Retirement System of Texas Buys Shares of 210,759 CoreCivic, Inc. (NYSE:CXW)

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.

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

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.