Algert Global LLC Boosts Stake in CoreCivic, Inc. (NYSE:CXW)

Algert Global LLC grew its position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 167.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,266 shares of the real estate investment trust's stock after purchasing an additional 85,383 shares during the period. Algert Global LLC owned approximately 0.12% of CoreCivic worth $2,962,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC grew its position in CoreCivic by 312.4% in 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 in the last quarter. Allianz Asset Management GmbH boosted its stake in 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 worth $32,893,000 after buying an additional 154,426 shares during the period. Empowered Funds LLC bought a new position in CoreCivic during the fourth quarter valued at $1,477,000. Nebula Research & Development LLC purchased a new stake in shares of CoreCivic in the fourth quarter valued at $361,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of CoreCivic in the 4th quarter worth about $4,582,000. Institutional investors own 85.13% of the company's stock.

CoreCivic Trading Down 0.6 %

Shares of CoreCivic stock traded down $0.14 on Friday, hitting $21.88. 1,081,101 shares of the company traded hands, compared to its average volume of 1,154,438. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99. The company has a market cap of $2.39 billion, a PE ratio of 35.87 and a beta of 0.79. The stock's 50 day moving average price is $20.89 and its 200-day moving average price is $20.49. 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 - Get Free Report) last posted its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.10. The company had revenue of $488.60 million during the quarter, compared to analyst estimates of $478.49 million. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. CoreCivic's revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. Equities research analysts predict that CoreCivic, Inc. will post 1.5 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wedbush reissued an "outperform" rating and issued a $30.00 price objective on shares of CoreCivic in a research report on Tuesday, February 11th. Noble Financial raised CoreCivic from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 12th. Finally, StockNews.com raised CoreCivic from a "hold" rating to a "buy" rating in a research report on Wednesday.

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.