Ameriprise Financial Inc. lowered its stake in CoreCivic, Inc. (NYSE:CXW - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 258,208 shares of the real estate investment trust's stock after selling 26,311 shares during the quarter. Ameriprise Financial Inc. owned about 0.23% of CoreCivic worth $5,613,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in CXW. Bank of Montreal Can boosted its holdings in CoreCivic by 8.0% during the 4th quarter. Bank of Montreal Can now owns 12,742 shares of the real estate investment trust's stock valued at $277,000 after acquiring an additional 944 shares during the period. Exchange Traded Concepts LLC boosted its stake in 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 acquiring an additional 1,450 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in CoreCivic by 318.9% during the 4th 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 during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of CoreCivic in the 4th quarter valued at approximately $43,000. Finally, KBC Group NV lifted its stake 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 worth $119,000 after buying an additional 1,995 shares during the period. Institutional investors own 85.13% of the company's stock.
Analyst Upgrades and Downgrades
CXW has been the subject of a number of recent research reports. Wedbush reiterated an "outperform" rating and set a $30.00 price objective on shares of CoreCivic in a research note 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, Wall Street Zen raised shares of CoreCivic from a "hold" rating to a "buy" rating in a research note on Saturday.
Get Our Latest Analysis on CXW
Insiders Place Their Bets
In other CoreCivic news, EVP Anthony L. Grande sold 10,000 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $22.22, for a total transaction of $222,200.00. Following the completion of the transaction, the executive vice president now owns 180,559 shares in the company, valued at approximately $4,012,020.98. This represents a 5.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Damon T. Hininger sold 72,246 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $22.50, for a total value of $1,625,535.00. Following the completion of the transaction, the chief executive officer now owns 879,324 shares of the company's stock, valued at $19,784,790. The trade was a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 180,246 shares of company stock valued at $3,974,455 in the last quarter. Insiders own 2.30% of the company's stock.
CoreCivic Trading Up 1.5%
Shares of CXW traded up $0.33 during trading hours on Tuesday, hitting $22.44. The stock had a trading volume of 957,813 shares, compared to its average volume of 1,157,821. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.51 and a current ratio of 1.57. The firm has a market cap of $2.45 billion, a P/E ratio of 36.79 and a beta of 0.79. The company's fifty day simple moving average is $21.45 and its 200 day simple moving average is $21.03. CoreCivic, Inc. has a 12-month low of $10.74 and a 12-month high of $24.99.
CoreCivic (NYSE:CXW - Get Free Report) last released its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.10. The firm had revenue of $488.60 million during the quarter, compared to analyst estimates of $478.49 million. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. The firm's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 earnings per share. Equities research analysts forecast that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.
About CoreCivic
(
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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