Invesco Ltd. Cuts Stock Holdings in CoreCivic, Inc. (NYSE:CXW)

Invesco Ltd. cut its stake in CoreCivic, Inc. (NYSE:CXW - Free Report) by 37.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 706,138 shares of the real estate investment trust's stock after selling 425,354 shares during the period. Invesco Ltd. owned 0.64% of CoreCivic worth $15,351,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CXW. Barclays PLC boosted its stake in shares of CoreCivic by 312.4% in the 3rd quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust's stock valued at $2,331,000 after purchasing an additional 139,631 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of 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 valued at $32,893,000 after purchasing an additional 154,426 shares during the period. Empowered Funds LLC bought a new stake in shares of CoreCivic during the 4th quarter valued at about $1,477,000. Teacher Retirement System of Texas acquired a new stake in CoreCivic during the fourth quarter worth approximately $4,582,000. Finally, Principal Financial Group Inc. increased its holdings in CoreCivic by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 534,687 shares of the real estate investment trust's stock worth $11,624,000 after purchasing an additional 14,892 shares in the last quarter. Institutional investors and hedge funds own 85.13% of the company's stock.

Wall Street Analysts Forecast Growth

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

CoreCivic Stock Up 2.0 %

Shares of NYSE CXW traded up $0.44 during midday trading on Friday, hitting $22.33. 525,454 shares of the stock traded hands, compared to its average volume of 1,123,450. 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 one year low of $10.74 and a one year high of $24.99. The business has a 50 day moving average price of $20.00 and a two-hundred day moving average price of $19.76. The company has a market cap of $2.44 billion, a PE ratio of 36.64 and a beta of 0.86.

CoreCivic (NYSE:CXW - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, beating 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%. On average, equities analysts predict that CoreCivic, Inc. will post 1.5 EPS for the current year.

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.