Principal Financial Group Inc. Has $11.62 Million Stock Position in CoreCivic, Inc. (NYSE:CXW)

Principal Financial Group Inc. grew its position in CoreCivic, Inc. (NYSE:CXW - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 534,687 shares of the real estate investment trust's stock after purchasing an additional 14,892 shares during the period. Principal Financial Group Inc. owned approximately 0.48% of CoreCivic worth $11,624,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Empowered Funds LLC bought a new stake in CoreCivic in the 4th quarter valued at approximately $1,477,000. Tandem Financial LLC acquired a new stake in shares of CoreCivic in the fourth quarter valued at approximately $573,000. Guidance Capital Inc. bought a new stake in shares of CoreCivic in the fourth quarter worth $444,000. Caprock Group LLC bought a new position in CoreCivic in the fourth quarter valued at $220,000. Finally, EMC Capital Management increased its stake in CoreCivic by 437.6% in the 4th quarter. EMC Capital Management now owns 17,333 shares of the real estate investment trust's stock valued at $377,000 after buying an additional 14,109 shares during the last quarter. 85.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CXW has been the subject of a number of recent research reports. StockNews.com upgraded shares of CoreCivic from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Northland Securities increased their price target on CoreCivic from $17.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Noble Financial raised CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 12th. Finally, Wedbush reissued an "outperform" rating and issued a $30.00 price objective on shares of CoreCivic in a report on Tuesday, February 11th.

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CoreCivic Stock Performance

NYSE:CXW traded down $0.61 during mid-day trading on Monday, hitting $18.15. The stock had a trading volume of 673,728 shares, compared to its average volume of 1,305,886. CoreCivic, Inc. has a twelve month low of $10.74 and a twelve month high of $24.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.51 and a current ratio of 1.57. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 29.65 and a beta of 1.00. The company's 50 day simple moving average is $20.61 and its 200 day simple moving average is $17.80.

CoreCivic (NYSE:CXW - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (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, equities research analysts forecast that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

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.