Victory Capital Management Inc. Cuts Stock Holdings in CoreCivic, Inc. (NYSE:CXW)

Victory Capital Management Inc. lowered its stake in CoreCivic, Inc. (NYSE:CXW - Free Report) by 78.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,631 shares of the real estate investment trust's stock after selling 76,486 shares during the period. Victory Capital Management Inc.'s holdings in CoreCivic were worth $449,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of CoreCivic by 47.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,459 shares of the real estate investment trust's stock worth $2,447,000 after purchasing an additional 62,022 shares in the last quarter. Barclays PLC increased its stake in CoreCivic by 312.4% in the 3rd quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust's stock valued at $2,331,000 after purchasing an additional 139,631 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in CoreCivic by 11.4% during the fourth quarter. Allianz Asset Management GmbH now owns 1,513,031 shares of the real estate investment trust's stock worth $32,893,000 after purchasing an additional 154,426 shares during the last quarter. Empowered Funds LLC purchased a new stake in CoreCivic during the fourth quarter worth $1,477,000. Finally, Algert Global LLC increased its position in shares of 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 buying an additional 39,530 shares in the last quarter. Hedge funds and other institutional investors own 85.13% of the company's stock.

CoreCivic Trading Up 1.1 %

Shares of NYSE:CXW traded up $0.23 during trading on Wednesday, reaching $20.48. The stock had a trading volume of 1,028,671 shares, compared to its average volume of 1,037,003. 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 stock has a market cap of $2.23 billion, a P/E ratio of 33.58 and a beta of 1.02. The business has a fifty day moving average price of $19.80 and a 200-day moving average price of $18.55. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $24.99.

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 (EPS) for the quarter, topping 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, analysts anticipate that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.