Intech Investment Management LLC Sells 22,427 Shares of CoreCivic, Inc. (NYSE:CXW)

Intech Investment Management LLC reduced its position in CoreCivic, Inc. (NYSE:CXW - Free Report) by 25.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,310 shares of the real estate investment trust's stock after selling 22,427 shares during the period. Intech Investment Management LLC owned about 0.06% of CoreCivic worth $1,420,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in CoreCivic by 25.5% in the fourth quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust's stock worth $102,000 after buying an additional 953 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of CoreCivic by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 57,312 shares of the real estate investment trust's stock worth $1,246,000 after purchasing an additional 1,450 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings 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 valued at $53,000 after purchasing an additional 1,859 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of CoreCivic by 13.7% in the 3rd quarter. HighTower Advisors LLC now owns 15,549 shares of the real estate investment trust's stock valued at $205,000 after purchasing an additional 1,877 shares during the last quarter. Finally, KBC Group NV boosted its holdings in CoreCivic by 57.3% in the fourth quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust's stock worth $119,000 after purchasing an additional 1,995 shares in the last quarter. 85.13% of the stock is owned by hedge funds and other institutional investors.

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CoreCivic Stock Performance

CXW stock traded up $0.23 during mid-day trading on Wednesday, reaching $20.48. 1,028,936 shares of the stock traded hands, compared to its average volume of 1,037,005. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average of $19.80 and a two-hundred day moving average of $18.55. The firm has a market capitalization of $2.23 billion, a PE ratio of 33.58 and a beta of 1.02. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99.

CoreCivic (NYSE:CXW - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts predict that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CXW has been the topic of several recent research reports. Noble Financial upgraded CoreCivic from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 12th. StockNews.com upgraded CoreCivic from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, Wedbush reiterated an "outperform" rating and set a $30.00 price target on shares of CoreCivic in a report on Tuesday, February 11th.

CoreCivic 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.