Geode Capital Management LLC Lowers Position in CoreCivic, Inc. (NYSE:CXW)

Geode Capital Management LLC lowered its stake in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,551,279 shares of the real estate investment trust's stock after selling 18,726 shares during the quarter. Geode Capital Management LLC owned 2.31% of CoreCivic worth $55,477,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp lifted its holdings in shares of CoreCivic by 0.4% in the 3rd quarter. State Street Corp now owns 4,200,268 shares of the real estate investment trust's stock worth $53,133,000 after acquiring an additional 18,415 shares during the last quarter. Allianz Asset Management GmbH raised its position in CoreCivic by 11.4% in the 4th quarter. Allianz Asset Management GmbH now owns 1,513,031 shares of the real estate investment trust's stock worth $32,893,000 after purchasing an additional 154,426 shares during the period. Wellington Management Group LLP lifted its stake in CoreCivic by 1.9% in the third quarter. Wellington Management Group LLP now owns 1,059,925 shares of the real estate investment trust's stock worth $13,408,000 after purchasing an additional 19,706 shares during the last quarter. National Bank of Canada FI boosted its position in CoreCivic by 19.5% during the fourth quarter. National Bank of Canada FI now owns 910,000 shares of the real estate investment trust's stock valued at $19,783,000 after buying an additional 148,508 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of CoreCivic during the fourth quarter valued at about $11,733,000. 85.13% of the stock is owned by institutional investors.

CoreCivic Stock Up 1.0 %

Shares of NYSE:CXW traded up $0.22 on Friday, hitting $22.17. 705,861 shares of the company traded hands, compared to its average volume of 1,114,423. The company has a market cap of $2.42 billion, a PE ratio of 36.34 and a beta of 0.86. The stock has a 50 day simple moving average of $19.63 and a 200-day simple moving average of $19.37. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99. 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 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, research analysts expect that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com raised shares of CoreCivic from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Noble Financial upgraded shares of CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 12th. Finally, Wedbush reiterated an "outperform" rating and set a $30.00 target price on shares of CoreCivic in a report on Tuesday, February 11th.

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.