LPL Financial LLC Purchases 28,074 Shares of CoreCivic, Inc. (NYSE:CXW)

LPL Financial LLC increased its position in CoreCivic, Inc. (NYSE:CXW - Free Report) by 67.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,838 shares of the real estate investment trust's stock after buying an additional 28,074 shares during the quarter. LPL Financial LLC owned 0.06% of CoreCivic worth $1,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in CXW. HighTower Advisors LLC grew its holdings in shares of CoreCivic by 13.7% in the third quarter. HighTower Advisors LLC now owns 15,549 shares of the real estate investment trust's stock worth $205,000 after purchasing an additional 1,877 shares during the last quarter. State Street Corp lifted 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 buying an additional 18,415 shares during the period. Barclays PLC grew its position 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 worth $2,331,000 after buying an additional 139,631 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of CoreCivic by 0.7% during 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 acquiring an additional 18,410 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in CoreCivic in the third quarter worth $236,000. 85.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CXW has been the subject of several research analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $30.00 target price on shares of CoreCivic in a research report on Tuesday, February 11th. StockNews.com upgraded CoreCivic from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, Noble Financial upgraded CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 12th.

CoreCivic Stock Up 1.0 %

Shares of NYSE CXW traded up $0.22 on Friday, reaching $22.17. 705,861 shares of the company's stock traded hands, compared to its average volume of 1,117,468. CoreCivic, Inc. has a 12 month low of $10.74 and a 12 month 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 company has a market cap of $2.42 billion, a price-to-earnings ratio of 36.34 and a beta of 0.86. The business's 50 day simple moving average is $19.78 and its two-hundred day simple moving average is $19.60.

CoreCivic (NYSE:CXW - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share 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, equities research analysts forecast that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

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.