Vanguard Group Inc. Decreases Stock Position in CoreCivic, Inc. (NYSE:CXW)

Vanguard Group Inc. lessened its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 1.4% in the 4th quarter, Holdings Channel reports. The firm owned 11,948,294 shares of the real estate investment trust’s stock after selling 175,761 shares during the period. Vanguard Group Inc. owned approximately 0.11% of CoreCivic worth $259,756,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in CoreCivic by 3.8% during the third quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock valued at $64,739,000 after buying an additional 186,310 shares during the last quarter. State Street Corp boosted its position in shares of CoreCivic by 0.4% during 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 acquiring an additional 18,415 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 18,410 shares in the last quarter. Allianz Asset Management GmbH increased its position in CoreCivic by 11.4% in the fourth quarter. Allianz Asset Management GmbH now owns 1,513,031 shares of the real estate investment trust’s stock worth $32,893,000 after purchasing an additional 154,426 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in CoreCivic by 1.9% during the third quarter. Wellington Management Group LLP now owns 1,059,925 shares of the real estate investment trust’s stock valued at $13,408,000 after purchasing an additional 19,706 shares in the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. 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 upgraded CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 12th. Finally, StockNews.com raised CoreCivic from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th.

CoreCivic Price Performance

CXW stock opened at $19.41 on Friday. The stock has a market cap of $2.11 billion, a PE ratio of 31.82 and a beta of 1.02. 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 $19.46 and a 200 day moving average price of $18.88. The company has a current ratio of 1.57, a quick ratio of 1.51 and a debt-to-equity ratio of 0.65.

CoreCivic (NYSE:CXW) last announced its 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 return on equity of 5.97% and a net margin of 3.51%. Equities research analysts anticipate 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.