Charles Schwab Investment Management Inc. Trims Stock Position in CoreCivic, Inc. $CXW

Charles Schwab Investment Management Inc. cut its stake in CoreCivic, Inc. (NYSE:CXW - Free Report) by 6.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,220,744 shares of the real estate investment trust's stock after selling 156,905 shares during the quarter. Charles Schwab Investment Management Inc. owned about 2.03% of CoreCivic worth $45,059,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CXW. GAMMA Investing LLC grew its position in CoreCivic by 10.0% in the 1st quarter. GAMMA Investing LLC now owns 5,156 shares of the real estate investment trust's stock valued at $105,000 after acquiring an additional 470 shares in the last quarter. Bank of Montreal Can lifted its stake in CoreCivic by 8.0% during the fourth quarter. Bank of Montreal Can now owns 12,742 shares of the real estate investment trust's stock worth $277,000 after purchasing an additional 944 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in CoreCivic by 2.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,000 shares of the real estate investment trust's stock valued at $1,348,000 after buying an additional 1,322 shares during the last quarter. State of Wyoming lifted its stake in CoreCivic by 7.5% in the fourth quarter. State of Wyoming now owns 20,796 shares of the real estate investment trust's stock valued at $452,000 after buying an additional 1,443 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its stake in CoreCivic by 29.6% in the first quarter. Harvest Fund Management Co. Ltd now owns 9,250 shares of the real estate investment trust's stock valued at $187,000 after buying an additional 2,113 shares during the last quarter. 85.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CoreCivic news, Director Stacia Hylton sold 4,000 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $21.69, for a total transaction of $86,760.00. Following the sale, the director directly owned 82,969 shares in the company, valued at approximately $1,799,597.61. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CXW shares. Wedbush reissued an "outperform" rating and issued a $38.00 target price on shares of CoreCivic in a report on Wednesday, June 11th. Jones Trading reissued a "buy" rating and issued a $30.00 target price on shares of CoreCivic in a report on Thursday, August 7th. Finally, Wall Street Zen raised CoreCivic from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $33.33.

CoreCivic Price Performance

CXW stock traded up $0.53 on Friday, reaching $20.98. 243,174 shares of the company's stock were exchanged, compared to its average volume of 1,112,281. The stock has a fifty day moving average of $20.71 and a 200-day moving average of $20.68. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.68. The firm has a market cap of $2.25 billion, a PE ratio of 22.36 and a beta of 0.80. CoreCivic, Inc. has a twelve month low of $12.13 and a twelve month high of $24.99.

CoreCivic (NYSE:CXW - Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.16. The company had revenue of $538.17 million for the quarter, compared to the consensus estimate of $499.02 million. CoreCivic had a return on equity of 7.12% and a net margin of 5.21%.CoreCivic's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 earnings per share. As a group, equities analysts predict that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

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.