Raymond James Financial Inc. Purchases Shares of 539,675 CoreCivic, Inc. (NYSE:CXW)

Raymond James Financial Inc. purchased a new position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 539,675 shares of the real estate investment trust's stock, valued at approximately $11,733,000. Raymond James Financial Inc. owned 0.49% of CoreCivic at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Quest Partners LLC raised its stake in shares of CoreCivic by 24,217.1% during the 3rd quarter. Quest Partners LLC now owns 17,022 shares of the real estate investment trust's stock worth $215,000 after purchasing an additional 16,952 shares during the period. Intech Investment Management LLC increased its holdings in CoreCivic by 485.4% during the third quarter. Intech Investment Management LLC now owns 87,737 shares of the real estate investment trust's stock worth $1,110,000 after buying an additional 72,750 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in CoreCivic by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,481,315 shares of the real estate investment trust's stock worth $31,389,000 after acquiring an additional 35,591 shares during the period. Algert Global LLC boosted its stake in CoreCivic by 348.2% in the third quarter. Algert Global LLC now owns 50,883 shares of the real estate investment trust's stock valued at $644,000 after acquiring an additional 39,530 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of CoreCivic by 323.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 67,183 shares of the real estate investment trust's stock valued at $850,000 after acquiring an additional 51,316 shares during the period. Hedge funds and other institutional investors own 85.13% of the company's stock.

Remove Ads

CoreCivic Stock Performance

CXW traded up $0.35 on Monday, hitting $20.36. The company's stock had a trading volume of 889,186 shares, compared to its average volume of 1,038,261. The company's 50 day simple moving average is $19.87 and its 200-day simple moving average is $18.45. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.65. CoreCivic, Inc. has a 12 month low of $10.74 and a 12 month high of $24.99. The firm has a market cap of $2.22 billion, a P/E ratio of 33.38 and a beta of 1.02.

CoreCivic (NYSE:CXW - Get Free Report) last announced 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%. Analysts forecast that CoreCivic, Inc. will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CXW. Noble Financial raised shares of CoreCivic from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 12th. StockNews.com raised CoreCivic from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Finally, Wedbush reiterated an "outperform" rating and set a $30.00 price target on shares of CoreCivic in a research note on Tuesday, February 11th.

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.