Empowered Funds LLC Invests $1.48 Million in CoreCivic, Inc. (NYSE:CXW)

Empowered Funds LLC acquired a new position in CoreCivic, Inc. (NYSE:CXW - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 67,954 shares of the real estate investment trust's stock, valued at approximately $1,477,000. Empowered Funds LLC owned about 0.06% of CoreCivic at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of CoreCivic by 47.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,459 shares of the real estate investment trust's stock worth $2,447,000 after buying an additional 62,022 shares during the last quarter. Barclays PLC lifted its stake in shares of CoreCivic by 312.4% in the third quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust's stock worth $2,331,000 after buying an additional 139,631 shares during the last quarter. River Road Asset Management LLC lifted its stake in shares of CoreCivic by 0.5% in the third quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust's stock worth $108,937,000 after buying an additional 40,365 shares during the last quarter. Algert Global LLC lifted its stake in shares of CoreCivic by 348.2% in the third quarter. Algert Global LLC now owns 50,883 shares of the real estate investment trust's stock worth $644,000 after buying an additional 39,530 shares during the last quarter. Finally, Tandem Financial LLC acquired a new stake in shares of CoreCivic in the fourth quarter worth $573,000. 85.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CXW. Northland Securities boosted their price objective on shares of CoreCivic from $17.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Noble Financial upgraded shares of CoreCivic from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 12th. Wedbush reiterated an "outperform" rating and set a $30.00 target price on shares of CoreCivic in a research note on Tuesday, February 11th. Finally, StockNews.com upgraded shares of CoreCivic from a "hold" rating to a "buy" rating in a research note on Friday, February 14th.

CoreCivic Stock Performance

Shares of NYSE:CXW traded down $0.05 during trading on Wednesday, hitting $19.15. 949,346 shares of the stock were exchanged, compared to its average volume of 1,321,017. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 31.39 and a beta of 1.00. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.51 and a current ratio of 1.57. CoreCivic, Inc. has a 1-year low of $10.74 and a 1-year high of $24.99. The company's fifty day simple moving average is $21.02 and its 200-day simple moving average is $17.48.

CoreCivic (NYSE:CXW - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.06. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. Sell-side analysts expect that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

Insider Activity

In other CoreCivic news, EVP Anthony L. Grande sold 26,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total transaction of $576,680.00. Following the completion of the transaction, the executive vice president now directly owns 127,380 shares in the company, valued at $2,825,288.40. This represents a 16.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark A. Emkes sold 16,000 shares of CoreCivic stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $22.70, for a total value of $363,200.00. Following the transaction, the director now directly owns 149,264 shares of the company's stock, valued at approximately $3,388,292.80. The trade was a 9.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.89% of the stock is owned by company insiders.

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.