CoreCivic, Inc. (NYSE:CXW) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 25.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 793,078 shares of the real estate investment trust's stock after selling 266,847 shares during the quarter. Wellington Management Group LLP owned approximately 0.72% of CoreCivic worth $17,242,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its holdings in shares of CoreCivic by 318.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 1,859 shares during the period. GAMMA Investing LLC raised its stake 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 purchasing an additional 953 shares during the last quarter. KBC Group NV boosted its position in shares of CoreCivic by 57.3% during the fourth quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust's stock valued at $119,000 after buying an additional 1,995 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in CoreCivic during the fourth quarter worth $155,000. Finally, Cornerstone Investment Partners LLC purchased a new position in CoreCivic during the 4th quarter worth $200,000. 85.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in 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 upgraded shares of CoreCivic from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, Wedbush reissued an "outperform" rating and set a $30.00 price objective on shares of CoreCivic in a report on Tuesday, February 11th.

CoreCivic Trading Up 0.9 %

CoreCivic stock traded up $0.18 during trading hours on Monday, reaching $21.66. The company had a trading volume of 56,425 shares, compared to its average volume of 1,238,488. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.51. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 35.51 and a beta of 0.86. CoreCivic, Inc. has a 12-month low of $10.74 and a 12-month high of $24.99. The company has a 50-day moving average price of $19.45 and a 200 day moving average price of $19.27.

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 (EPS) for the quarter, beating 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%. Equities analysts forecast that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

About CoreCivic

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.