River Road Asset Management LLC Has $181.96 Million Stock Position in CoreCivic, Inc. (NYSE:CXW)

River Road Asset Management LLC lowered its position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,369,640 shares of the real estate investment trust's stock after selling 242,000 shares during the quarter. CoreCivic comprises 2.4% of River Road Asset Management LLC's portfolio, making the stock its 5th largest position. River Road Asset Management LLC owned approximately 7.59% of CoreCivic worth $181,956,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CXW. Smartleaf Asset Management LLC raised its position 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 worth $53,000 after purchasing an additional 1,859 shares during the period. GAMMA Investing LLC raised its position in shares of CoreCivic by 25.5% during the 4th quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust's stock worth $102,000 after purchasing an additional 953 shares during the period. KBC Group NV raised its position in shares of CoreCivic by 57.3% during the 4th 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 during the period. Cornerstone Investment Partners LLC acquired a new stake in shares of CoreCivic during the 4th quarter worth approximately $200,000. Finally, Caprock Group LLC acquired a new stake in shares of CoreCivic during the 4th quarter worth approximately $220,000. Institutional investors and hedge funds own 85.13% of the company's stock.

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CoreCivic Stock Performance

CXW traded down $0.21 during trading hours on Tuesday, hitting $18.80. The company's stock had a trading volume of 1,015,275 shares, compared to its average volume of 1,328,147. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. 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 has a market capitalization of $2.05 billion, a PE ratio of 30.81 and a beta of 1.02. The company has a 50-day simple moving average of $20.26 and a 200 day simple moving average of $18.04.

CoreCivic (NYSE:CXW - Get Free Report) last posted 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, sell-side analysts expect that CoreCivic, Inc. will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CXW shares. StockNews.com upgraded CoreCivic from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Wedbush reiterated an "outperform" rating and set a $30.00 price target on shares of CoreCivic in a research report on Tuesday, February 11th. Finally, Noble Financial upgraded CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 12th.

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.