Wells Fargo & Company MN Has $1.52 Million Holdings in CoreCivic, Inc. (NYSE:CXW)

Wells Fargo & Company MN increased its position in CoreCivic, Inc. (NYSE:CXW - Free Report) by 33.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 69,965 shares of the real estate investment trust's stock after purchasing an additional 17,426 shares during the period. Wells Fargo & Company MN owned about 0.06% of CoreCivic worth $1,521,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of CoreCivic in the fourth quarter valued at $43,000. Smartleaf Asset Management LLC lifted its holdings in shares of CoreCivic by 318.9% in 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 in the last quarter. GAMMA Investing LLC lifted 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 valued at $102,000 after purchasing an additional 953 shares in the last quarter. KBC Group NV lifted its holdings in shares of CoreCivic by 57.3% in the fourth quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust's stock valued at $119,000 after purchasing an additional 1,995 shares in the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of CoreCivic in the third quarter valued at $139,000. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

CoreCivic Trading Up 1.6 %

NYSE CXW opened at $22.23 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.51 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $2.43 billion, a PE ratio of 36.45 and a beta of 0.86. CoreCivic, Inc. has a 1-year low of $10.74 and a 1-year high of $24.99. The firm's fifty day simple moving average is $20.06 and its 200-day simple moving average is $19.92.

CoreCivic (NYSE:CXW - Get Free Report) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 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%. As a group, sell-side analysts anticipate that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

CoreCivic 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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