Vanguard Group Inc. lowered its position in CoreCivic, Inc. (NYSE:CXW - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,948,294 shares of the real estate investment trust's stock after selling 175,761 shares during the quarter. Vanguard Group Inc. owned about 10.84% of CoreCivic worth $259,756,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in CXW. Smartleaf Asset Management LLC raised 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 period. GAMMA Investing LLC raised its holdings in shares of CoreCivic by 25.5% in the fourth quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust's stock worth $102,000 after buying an additional 953 shares during the period. KBC Group NV lifted its stake in shares of CoreCivic by 57.3% during the 4th quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust's stock worth $119,000 after acquiring an additional 1,995 shares during the last quarter. Tidal Investments LLC purchased a new position in CoreCivic during the 3rd quarter valued at $139,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in CoreCivic during the 4th quarter valued at $155,000. Institutional investors own 85.13% of the company's stock.
Analyst Ratings Changes
Several research firms have recently weighed in on CXW. Wedbush reiterated an "outperform" rating and set a $30.00 target price on shares of CoreCivic in a research report on Tuesday, February 11th. StockNews.com upgraded shares of CoreCivic from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, Noble Financial upgraded shares of CoreCivic from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 12th.
Check Out Our Latest Research Report on CXW
CoreCivic Stock Up 6.7 %
Shares of CXW traded up $1.28 during midday trading on Wednesday, reaching $20.34. 1,607,711 shares of the stock were exchanged, compared to its average volume of 1,102,968. The company has a market capitalization of $2.22 billion, a P/E ratio of 33.34 and a beta of 0.86. The company has a current ratio of 1.57, a quick ratio of 1.51 and a debt-to-equity ratio of 0.65. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99. The company's 50 day moving average is $19.38 and its two-hundred day moving average is $19.11.
CoreCivic (NYSE:CXW - Get Free Report) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (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%. On average, sell-side analysts anticipate that CoreCivic, Inc. will post 1.5 earnings per share for the current 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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