CoreCivic, Inc. (NYSE:CXW) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its holdings in CoreCivic, Inc. (NYSE:CXW) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,281 shares of the real estate investment trust’s stock after selling 721 shares during the period. Corient Private Wealth LLC’s holdings in CoreCivic were worth $310,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of CoreCivic by 3.8% in the 3rd quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock valued at $64,739,000 after purchasing an additional 186,310 shares during the last quarter. State Street Corp raised its holdings in CoreCivic by 0.4% in the 3rd quarter. State Street Corp now owns 4,200,268 shares of the real estate investment trust’s stock valued at $53,133,000 after buying an additional 18,415 shares during the period. Geode Capital Management LLC lifted its position in CoreCivic by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,570,005 shares of the real estate investment trust’s stock valued at $32,517,000 after buying an additional 18,410 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in CoreCivic by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,481,315 shares of the real estate investment trust’s stock worth $31,389,000 after buying an additional 35,591 shares during the period. Finally, Allianz Asset Management GmbH increased its position in shares of 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 valued at $32,893,000 after acquiring an additional 154,426 shares during the last quarter. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

CoreCivic Trading Down 1.0 %

NYSE CXW opened at $20.41 on Monday. 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 firm has a market cap of $2.22 billion, a price-to-earnings ratio of 33.45 and a beta of 1.02. The firm has a 50 day simple moving average of $19.66 and a 200-day simple moving average of $18.66. CoreCivic, Inc. has a one year low of $10.74 and a one year high of $24.99.

CoreCivic (NYSE:CXW) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 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 research analysts anticipate that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CXW shares. Wedbush restated an “outperform” rating and issued a $30.00 price objective on shares of CoreCivic in a report on Tuesday, February 11th. Noble Financial upgraded CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 12th. Finally, StockNews.com upgraded CoreCivic from a “hold” rating to a “buy” rating in a 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.