Los Angeles Capital Management LLC acquired a new position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,899 shares of the real estate investment trust's stock, valued at approximately $367,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in 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 valued at $2,447,000 after purchasing an additional 62,022 shares during the last quarter. Barclays PLC grew its stake in shares of CoreCivic by 312.4% during the 3rd quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust's stock valued at $2,331,000 after buying an additional 139,631 shares during the period. River Road Asset Management LLC increased its holdings in shares of CoreCivic by 0.5% during the 3rd 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. Allianz Asset Management GmbH raised its position 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 worth $32,893,000 after buying an additional 154,426 shares during the period. Finally, Empowered Funds LLC acquired a new position in CoreCivic in the fourth quarter valued at $1,477,000. 85.13% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. StockNews.com raised CoreCivic from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Wedbush reaffirmed an "outperform" rating and set a $30.00 price target on shares of CoreCivic in a research report on Tuesday, February 11th. Noble Financial upgraded CoreCivic from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 12th. Finally, Northland Securities lifted their target price on CoreCivic from $17.00 to $32.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th.
Check Out Our Latest Stock Report on CXW
CoreCivic Stock Performance
Shares of NYSE:CXW traded down $0.12 during trading on Friday, hitting $19.06. 1,639,131 shares of the company traded hands, compared to its average volume of 1,317,189. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 31.24 and a beta of 1.00. CoreCivic, Inc. has a one year low of $10.74 and a one year 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 business's fifty day moving average is $20.36 and its 200-day moving average is $17.89.
CoreCivic (NYSE:CXW - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, topping the consensus estimate of $0.33 by $0.06. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. As a group, equities analysts predict that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.
About CoreCivic
(
Free Report)
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.
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