Arrowstreet Capital Limited Partnership Has $42.97 Million Stock Holdings in CoreCivic, Inc. (NYSE:CXW)

Arrowstreet Capital Limited Partnership lowered its stake in CoreCivic, Inc. (NYSE:CXW - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,976,688 shares of the real estate investment trust's stock after selling 42,637 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.79% of CoreCivic worth $42,973,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CXW. FMR LLC grew its position in shares of CoreCivic by 3.8% in the third quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust's stock valued at $64,739,000 after purchasing an additional 186,310 shares during the last quarter. State Street Corp grew its holdings in 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 valued at $53,133,000 after buying an additional 18,415 shares in the last quarter. Geode Capital Management LLC increased its position in CoreCivic by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,570,005 shares of the real estate investment trust's stock worth $32,517,000 after buying an additional 18,410 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of CoreCivic by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,481,315 shares of the real estate investment trust's stock worth $31,389,000 after buying an additional 35,591 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its position in shares of CoreCivic by 11.4% in the fourth quarter. Allianz Asset Management GmbH now owns 1,513,031 shares of the real estate investment trust's stock valued at $32,893,000 after acquiring an additional 154,426 shares during the period. 85.13% of the stock is owned by institutional investors.

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CoreCivic Price Performance

Shares of NYSE:CXW traded down $1.04 during midday trading on Friday, hitting $19.41. The stock had a trading volume of 987,519 shares, compared to its average volume of 1,091,380. The company's 50-day moving average price is $19.50 and its 200-day moving average price is $18.83. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two 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. The company has a market capitalization of $2.11 billion, a P/E ratio of 31.82 and a beta of 1.02.

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 for the quarter, topping 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 predict that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.