Martingale Asset Management L P Has $968,000 Stake in CoreCivic, Inc. (NYSE:CXW)

Martingale Asset Management L P reduced its holdings in CoreCivic, Inc. (NYSE:CXW - Free Report) by 22.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,517 shares of the real estate investment trust's stock after selling 13,016 shares during the period. Martingale Asset Management L P's holdings in CoreCivic were worth $968,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new position in CoreCivic in the 4th quarter valued at approximately $43,000. Smartleaf Asset Management LLC increased its position in CoreCivic by 318.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 1,859 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of CoreCivic by 86,300.0% during the 4th quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust's stock worth $94,000 after purchasing an additional 4,315 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of CoreCivic by 25.5% in the 4th quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust's stock valued at $102,000 after buying an additional 953 shares in the last quarter. Finally, KBC Group NV increased its holdings in CoreCivic by 57.3% in the fourth quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust's stock worth $119,000 after buying an additional 1,995 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company's stock.

CoreCivic Stock Performance

Shares of CoreCivic stock traded up $0.22 during trading on Friday, reaching $22.17. The company's stock had a trading volume of 705,861 shares, compared to its average volume of 1,114,423. The business's fifty day moving average price is $19.70 and its 200-day moving average price is $19.44. CoreCivic, Inc. has a one year low of $10.74 and a one year high of $24.99. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 36.34 and a beta of 0.86. 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 (NYSE:CXW - Get Free Report) last posted its quarterly earnings data 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 predict that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have 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. Wedbush restated an "outperform" rating and set a $30.00 target price on shares of CoreCivic in a report on Tuesday, February 11th. Finally, Noble Financial upgraded CoreCivic from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 12th.

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.