Lee Danner & Bass Inc. Sells 13,000 Shares of CoreCivic, Inc. (NYSE:CXW)

Lee Danner & Bass Inc. reduced its holdings in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 455,291 shares of the real estate investment trust's stock after selling 13,000 shares during the quarter. Lee Danner & Bass Inc. owned 0.41% of CoreCivic worth $9,898,000 at the end of the most recent reporting period.

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

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Wall Street Analysts Forecast Growth

CXW has been the topic of several recent research reports. StockNews.com upgraded 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 restated an "outperform" rating and issued a $30.00 price objective on shares of CoreCivic in a report on Tuesday, February 11th.

CoreCivic Trading Down 0.9 %

NYSE:CXW traded down $0.19 on Tuesday, reaching $20.18. 676,885 shares of the stock traded hands, compared to its average volume of 1,038,220. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 33.08 and a beta of 1.02. CoreCivic, Inc. has a 1-year low of $10.74 and a 1-year 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 company's 50 day moving average is $19.84 and its 200-day moving average is $18.50.

CoreCivic (NYSE:CXW - Get Free Report) last announced its 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%. Equities research analysts anticipate that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

About CoreCivic

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.