Brandywine Global Investment Management LLC trimmed its holdings in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 343,764 shares of the real estate investment trust's stock after selling 15,704 shares during the quarter. Brandywine Global Investment Management LLC owned 0.31% of CoreCivic worth $7,473,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew 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 valued at $31,389,000 after purchasing an additional 35,591 shares in the last quarter. FMR LLC grew its position in shares of CoreCivic by 3.8% during the third quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust's stock worth $64,739,000 after buying an additional 186,310 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of CoreCivic by 1,448.6% in the third quarter. Quantbot Technologies LP now owns 76,700 shares of the real estate investment trust's stock worth $970,000 after buying an additional 71,747 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in CoreCivic by 365.2% in the third quarter. BNP Paribas Financial Markets now owns 153,519 shares of the real estate investment trust's stock valued at $1,942,000 after acquiring an additional 120,517 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in CoreCivic by 47.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,459 shares of the real estate investment trust's stock worth $2,447,000 after acquiring an additional 62,022 shares in the last quarter. 85.13% of the stock is owned by hedge funds and other institutional investors.
CoreCivic Stock Performance
Shares of NYSE CXW traded up $0.10 during midday trading on Wednesday, hitting $20.70. The company's stock had a trading volume of 1,037,965 shares, compared to its average volume of 1,089,687. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.51 and a current ratio of 1.57. CoreCivic, Inc. has a 1-year low of $10.74 and a 1-year high of $24.99. The firm's fifty day moving average price is $19.52 and its 200-day moving average price is $18.82. The firm has a market cap of $2.25 billion, a P/E ratio of 33.93 and a beta of 1.02.
CoreCivic (NYSE:CXW - Get Free Report) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 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%. On average, sell-side analysts forecast that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on CXW shares. Wedbush reissued an "outperform" rating and issued a $30.00 target price on shares of CoreCivic in a research report on Tuesday, February 11th. StockNews.com raised CoreCivic from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, Noble Financial upgraded CoreCivic from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 12th.
Get Our Latest Research Report on CXW
CoreCivic Profile
(
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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