Sterling Capital Management LLC Raises Stock Position in CoreCivic, Inc. (NYSE:CXW)

Sterling Capital Management LLC increased its holdings in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 7,325.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,663 shares of the real estate investment trust's stock after purchasing an additional 28,277 shares during the period. Sterling Capital Management LLC's holdings in CoreCivic were worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CXW. Raymond James Financial Inc. acquired a new position in shares of CoreCivic in the 4th quarter valued at approximately $11,733,000. Nisa Investment Advisors LLC increased its stake in shares of CoreCivic by 13,071.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 253,147 shares of the real estate investment trust's stock worth $5,503,000 after buying an additional 251,225 shares during the last quarter. Discovery Capital Management LLC CT acquired a new stake in CoreCivic in the fourth quarter valued at $5,100,000. Teacher Retirement System of Texas bought a new position in CoreCivic during the 4th quarter valued at $4,582,000. Finally, Trexquant Investment LP grew its holdings in CoreCivic by 114.0% during the 4th quarter. Trexquant Investment LP now owns 348,763 shares of the real estate investment trust's stock worth $7,582,000 after acquiring an additional 185,808 shares in the last quarter. 85.13% of the stock is currently owned by institutional investors and hedge funds.

CoreCivic Trading Up 1.0 %

NYSE CXW opened at $22.17 on Friday. 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, Inc. has a one year low of $10.74 and a one year high of $24.99. The company has a 50-day simple moving average of $19.63 and a 200-day simple moving average of $19.37. The firm has a market capitalization of $2.42 billion, a PE ratio of 36.34 and a beta of 0.86.

CoreCivic (NYSE:CXW - Get Free Report) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.06. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. On average, equities analysts forecast that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. StockNews.com raised shares of CoreCivic from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Noble Financial raised CoreCivic from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 12th. Finally, Wedbush reiterated an "outperform" rating and issued a $30.00 price target on shares of CoreCivic in a report 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.

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