CANADA LIFE ASSURANCE Co Cuts Holdings in CoreCivic, Inc. (NYSE:CXW)

CANADA LIFE ASSURANCE Co reduced its position in CoreCivic, Inc. (NYSE:CXW - Free Report) by 12.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 112,252 shares of the real estate investment trust's stock after selling 16,647 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.10% of CoreCivic worth $2,442,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CXW. Bank of Montreal Can raised its position in CoreCivic by 8.0% in the fourth quarter. Bank of Montreal Can now owns 12,742 shares of the real estate investment trust's stock worth $277,000 after acquiring an additional 944 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of CoreCivic by 25.5% in the 4th quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust's stock valued at $102,000 after purchasing an additional 953 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of CoreCivic by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 57,312 shares of the real estate investment trust's stock valued at $1,246,000 after purchasing an additional 1,450 shares during the period. Smartleaf Asset Management LLC boosted its holdings in CoreCivic by 318.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust's stock worth $53,000 after buying an additional 1,859 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in CoreCivic during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 85.13% of the company's stock.

CoreCivic Price Performance

CoreCivic stock traded up $0.32 during mid-day trading on Friday, hitting $23.11. 169,696 shares of the company were exchanged, compared to its average volume of 1,134,622. CoreCivic, Inc. has a 12-month low of $10.74 and a 12-month high of $24.99. The company has a market capitalization of $2.53 billion, a P/E ratio of 37.89 and a beta of 0.79. The business's 50 day simple moving average is $20.39 and its two-hundred day simple moving average is $20.08. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.51.

CoreCivic (NYSE:CXW - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.06. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. Analysts forecast that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. StockNews.com lowered CoreCivic from a "buy" rating to a "hold" rating in a research note on Tuesday. Wedbush reaffirmed an "outperform" rating and set a $30.00 price target on shares of CoreCivic in a research note on Tuesday, February 11th. Finally, Noble Financial raised shares of CoreCivic from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 12th.

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.