Wakefield Asset Management LLLP Purchases New Shares in CoreCivic, Inc. (NYSE:CXW)

Wakefield Asset Management LLLP purchased a new stake in CoreCivic, Inc. (NYSE:CXW - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 49,106 shares of the real estate investment trust's stock, valued at approximately $1,068,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. abrdn plc boosted its holdings in CoreCivic by 8.7% during the third quarter. abrdn plc now owns 1,031,400 shares of the real estate investment trust's stock worth $13,047,000 after buying an additional 82,500 shares during the last quarter. River Road Asset Management LLC raised its position in shares of CoreCivic by 0.5% in the 3rd quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust's stock valued at $108,937,000 after acquiring an additional 40,365 shares during the period. Hourglass Capital LLC boosted its stake in CoreCivic by 2.1% during the 3rd quarter. Hourglass Capital LLC now owns 121,380 shares of the real estate investment trust's stock worth $1,535,000 after acquiring an additional 2,490 shares during the last quarter. Chesapeake Capital Corp IL bought a new stake in CoreCivic in the third quarter valued at approximately $139,000. Finally, Quest Partners LLC raised its holdings in CoreCivic by 24,217.1% in the third 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. 85.13% of the stock is currently owned by institutional investors.

CoreCivic Stock Down 0.7 %

CXW stock traded down $0.14 during trading hours on Tuesday, reaching $18.05. 660,021 shares of the stock were exchanged, compared to its average volume of 1,301,798. The firm's 50-day moving average is $20.55 and its 200-day moving average is $17.84. CoreCivic, Inc. has a 12 month low of $10.74 and a 12 month high of $24.99. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 29.63 and a beta of 1.00. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.51.

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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 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 research analysts expect that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

CXW has been the subject of a number of recent analyst reports. Northland Securities upped their price objective on shares of CoreCivic from $17.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. StockNews.com upgraded CoreCivic from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Wedbush reiterated an "outperform" rating and issued a $30.00 price objective on shares of CoreCivic in a research report on Tuesday, February 11th. Finally, Noble Financial upgraded shares of CoreCivic from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 12th.

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.