LPL Financial LLC Increases Position in CoreCivic, Inc. (NYSE:CXW)

LPL Financial LLC raised its position in shares of CoreCivic, Inc. (NYSE:CXW) by 67.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,838 shares of the real estate investment trust’s stock after buying an additional 28,074 shares during the period. LPL Financial LLC’s holdings in CoreCivic were worth $1,518,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of CXW. State Street Corp boosted its holdings in 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 period. 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 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 worth $32,893,000 after buying an additional 154,426 shares during the period. Raymond James Financial Inc. purchased a new position in CoreCivic in the 4th quarter valued at approximately $11,733,000. Finally, Principal Financial Group Inc. grew its stake in shares of CoreCivic by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 534,687 shares of the real estate investment trust’s stock worth $11,624,000 after acquiring an additional 14,892 shares in the last quarter. 85.13% of the stock is owned by institutional investors and hedge funds.

CoreCivic Trading Up 1.0 %

CXW opened at $22.17 on Friday. The business’s 50-day simple moving average is $19.63 and its 200-day simple moving average is $19.37. The company has a market cap of $2.42 billion, a P/E ratio of 36.34 and a beta of 0.86. CoreCivic, Inc. has a one year low of $10.74 and a one year high of $24.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.51 and a current ratio of 1.57.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $30.00 target price on shares of CoreCivic in a report on Tuesday, February 11th. StockNews.com raised CoreCivic from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Finally, Noble Financial upgraded shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 12th.

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.