Captrust Financial Advisors lowered its stake in CoreCivic, Inc. (NYSE:CXW - Free Report) by 14.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 146,559 shares of the real estate investment trust's stock after selling 24,188 shares during the quarter. Captrust Financial Advisors owned 0.13% of CoreCivic worth $3,186,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of CoreCivic during the fourth quarter worth about $43,000. Smartleaf Asset Management LLC lifted its stake in CoreCivic by 318.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 1,859 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in CoreCivic by 86,300.0% in the 4th quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust's stock valued at $94,000 after buying an additional 4,315 shares in the last quarter. GAMMA Investing LLC lifted its stake in 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 buying an additional 953 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of CoreCivic by 57.3% during the fourth quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust's stock valued at $119,000 after acquiring an additional 1,995 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company's stock.
Analyst Upgrades and Downgrades
CXW has been the topic of several recent research reports. StockNews.com raised shares of CoreCivic from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Wedbush restated an "outperform" rating and set a $30.00 price target on shares of CoreCivic in a research report 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.
View Our Latest Research Report on CXW
CoreCivic Price Performance
Shares of NYSE:CXW traded down $0.13 during midday trading on Wednesday, hitting $21.59. The company had a trading volume of 711,384 shares, compared to its average volume of 1,153,079. CoreCivic, Inc. has a twelve month low of $10.74 and a twelve month high of $24.99. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.51. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 35.39 and a beta of 0.79. The business's 50-day simple moving average is $21.06 and its 200-day simple moving average is $20.61.
CoreCivic (NYSE:CXW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.10. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. The firm had revenue of $488.60 million during the quarter, compared to analyst estimates of $478.49 million. During the same quarter in the prior year, the firm posted $0.46 earnings per share. CoreCivic's quarterly revenue was down 2.4% on a year-over-year basis. On average, research analysts predict that CoreCivic, Inc. will post 1.5 earnings per share for the current year.
CoreCivic Company Profile
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Free Report)
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.
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