Y Intercept Hong Kong Ltd boosted its holdings in CoreCivic, Inc. (NYSE:CXW - Free Report) by 55.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,264 shares of the real estate investment trust's stock after purchasing an additional 13,617 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in CoreCivic were worth $832,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in 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 buying an additional 62,022 shares during the period. Barclays PLC grew its position in shares of CoreCivic by 312.4% during the third quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust's stock worth $2,331,000 after acquiring an additional 139,631 shares during the last quarter. River Road Asset Management LLC boosted its position in shares of CoreCivic by 0.5% during the third quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust's stock worth $108,937,000 after buying an additional 40,365 shares during the period. Empowered Funds LLC bought a new position in shares of CoreCivic in the fourth quarter worth $1,477,000. Finally, Allianz Asset Management GmbH increased its stake in CoreCivic by 11.4% during the 4th quarter. Allianz Asset Management GmbH now owns 1,513,031 shares of the real estate investment trust's stock valued at $32,893,000 after buying an additional 154,426 shares during the period. 85.13% of the stock is owned by hedge funds and other institutional investors.
CoreCivic Price Performance
CoreCivic stock traded down $0.56 on Monday, reaching $18.20. The company's stock had a trading volume of 846,268 shares, compared to its average volume of 1,306,727. The business's fifty day moving average price is $20.61 and its 200 day moving average price is $17.80. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.51 and a current ratio of 1.57. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 29.84 and a beta of 1.00. CoreCivic, Inc. has a twelve month low of $10.74 and a twelve month high of $24.99.
CoreCivic (NYSE:CXW - Get Free Report) last issued its quarterly 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%. Equities analysts expect that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on CXW shares. Wedbush reissued an "outperform" rating and set a $30.00 price target on shares of CoreCivic in a research report on Tuesday, February 11th. Northland Securities raised their price objective on shares of CoreCivic from $17.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Noble Financial raised CoreCivic from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 12th. Finally, StockNews.com upgraded shares of CoreCivic from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th.
Check Out Our Latest Report on CoreCivic
CoreCivic Profile
(
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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