Charles Schwab Investment Management Inc. Sells 103,666 Shares of CoreCivic, Inc. (NYSE:CXW)

Charles Schwab Investment Management Inc. decreased its holdings in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,377,649 shares of the real estate investment trust's stock after selling 103,666 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.16% of CoreCivic worth $51,690,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CXW. Smartleaf Asset Management LLC boosted its stake in shares of CoreCivic by 318.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust's stock worth $53,000 after buying an additional 1,859 shares during the last quarter. Wakefield Asset Management LLLP bought a new stake in CoreCivic during the fourth quarter worth about $1,068,000. Versor Investments LP acquired a new position in CoreCivic during the fourth quarter valued at approximately $263,000. Los Angeles Capital Management LLC acquired a new stake in CoreCivic in the fourth quarter valued at $367,000. Finally, Y Intercept Hong Kong Ltd grew its position in shares of CoreCivic by 55.2% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 38,264 shares of the real estate investment trust's stock valued at $832,000 after acquiring an additional 13,617 shares during the period. Institutional investors own 85.13% of the company's stock.

CoreCivic Stock Performance

Shares of CXW stock traded down $0.30 during midday trading on Monday, hitting $20.03. 1,012,229 shares of the company were exchanged, compared to its average volume of 1,037,281. The firm has a market capitalization of $2.18 billion, a P/E ratio of 32.83 and a beta of 1.02. 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 52 week low of $10.74 and a 52 week high of $24.99. The firm's 50 day moving average price is $20.10 and its two-hundred day moving average price is $18.21.

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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%. As a group, equities research analysts anticipate that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of CoreCivic from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Wedbush restated an "outperform" rating and issued a $30.00 price objective on shares of CoreCivic in a research note on Tuesday, February 11th. Finally, Noble Financial raised CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 12th.

CoreCivic Company 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.