Ameriprise Financial Inc. Has $5.61 Million Holdings in CoreCivic, Inc. (NYSE:CXW)

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.

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

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.