Deutsche Bank AG Has $39.26 Million Stock Holdings in CoreCivic, Inc. (NYSE:CXW)

Deutsche Bank AG cut its position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 5.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,934,994 shares of the real estate investment trust's stock after selling 103,921 shares during the quarter. Deutsche Bank AG owned approximately 1.77% of CoreCivic worth $39,261,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CXW. GAMMA Investing LLC raised its holdings in CoreCivic by 10.0% in the first 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 raised its holdings 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 valued at $277,000 after acquiring an additional 944 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 acquiring an additional 1,322 shares in the last quarter. State of Wyoming raised its holdings 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 acquiring an additional 1,443 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd raised its holdings 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 acquiring an additional 2,113 shares in the last quarter. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

CoreCivic Stock Performance

Shares of CoreCivic stock traded up $0.35 during trading on Friday, hitting $20.81. 950,900 shares of the stock were exchanged, compared to its average volume of 1,091,162. The stock's fifty day moving average is $20.79 and its 200 day moving average is $20.68. The stock has a market cap of $2.23 billion, a PE ratio of 22.14 and a beta of 0.80. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.60 and a current ratio of 1.60. CoreCivic, Inc. has a 12 month low of $12.13 and a 12 month high of $24.99.

CoreCivic (NYSE:CXW - Get Free Report) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.16. The firm had revenue of $538.17 million during the quarter, compared to analyst estimates of $499.02 million. CoreCivic had a net margin of 5.21% and a return on equity of 7.12%. CoreCivic's revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. As a group, sell-side analysts anticipate that CoreCivic, Inc. will post 1.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wedbush reissued an "outperform" rating and set a $38.00 target price on shares of CoreCivic in a report on Wednesday, June 11th. Wall Street Zen raised shares of CoreCivic from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. Finally, Jones Trading reissued a "buy" rating and set a $30.00 target price on shares of CoreCivic in a report on Thursday, August 7th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, CoreCivic presently has a consensus rating of "Buy" and an average price target of $33.33.

Insider Activity at CoreCivic

In other news, COO Patrick D. Swindle sold 23,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $22.39, for a total transaction of $514,970.00. Following the completion of the transaction, the chief operating officer owned 241,630 shares in the company, valued at approximately $5,410,095.70. This trade represents a 8.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Anthony L. Grande sold 10,000 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $22.22, for a total transaction of $222,200.00. Following the sale, the executive vice president directly owned 180,559 shares of the company's stock, valued at $4,012,020.98. This represents a 5.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,246 shares of company stock worth $2,449,465. 2.30% of the stock is currently owned by corporate insiders.

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.