Connor Clark & Lunn Investment Management Ltd. purchased a new position in CoreCivic, Inc. (NYSE:CXW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 131,495 shares of the real estate investment trust's stock, valued at approximately $2,859,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.12% of CoreCivic as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently added to or reduced their stakes in CXW. Raymond James Financial Inc. bought a new stake in CoreCivic in the fourth quarter worth about $11,733,000. Nisa Investment Advisors LLC grew its position in shares of CoreCivic by 13,071.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 253,147 shares of the real estate investment trust's stock valued at $5,503,000 after acquiring an additional 251,225 shares during the period. Invenomic Capital Management LP grew its position in shares of CoreCivic by 28.7% during the 3rd quarter. Invenomic Capital Management LP now owns 1,026,050 shares of the real estate investment trust's stock valued at $12,980,000 after acquiring an additional 228,803 shares during the period. Point72 Asset Management L.P. bought a new position in shares of CoreCivic during the 3rd quarter valued at approximately $2,810,000. Finally, Weiss Asset Management LP grew its position in shares of CoreCivic by 74.3% during the 3rd quarter. Weiss Asset Management LP now owns 498,690 shares of the real estate investment trust's stock valued at $6,308,000 after acquiring an additional 212,569 shares during the period. Institutional investors own 85.13% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on CXW. Noble Financial raised shares of CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 12th. Wedbush reissued an "outperform" rating and set a $30.00 target price on shares of CoreCivic in a research report on Tuesday, February 11th. Finally, StockNews.com raised shares of CoreCivic from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th.
Read Our Latest Stock Report on CXW
CoreCivic Stock Performance
Shares of CXW stock traded down $0.55 during trading on Friday, reaching $20.00. 2,386,484 shares of the company's stock traded hands, compared to its average volume of 1,038,985. The company has a market capitalization of $2.18 billion, a P/E ratio of 32.78 and a beta of 1.02. The company has a current ratio of 1.57, a quick ratio of 1.51 and a debt-to-equity ratio of 0.65. The firm's 50-day moving average is $19.92 and its 200 day moving average is $18.33. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99.
CoreCivic (NYSE:CXW - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.06. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. Equities research analysts expect that CoreCivic, Inc. will post 1.5 EPS for the current 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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