UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 215,490 shares of the real estate investment trust's stock after purchasing an additional 22,031 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of CoreCivic worth $4,685,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC raised its stake in shares of CoreCivic by 312.4% in the third quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust's stock valued at $2,331,000 after acquiring an additional 139,631 shares during the period. Allianz Asset Management GmbH raised its stake in shares of CoreCivic by 11.4% in the fourth quarter. Allianz Asset Management GmbH now owns 1,513,031 shares of the real estate investment trust's stock valued at $32,893,000 after acquiring an additional 154,426 shares during the period. Empowered Funds LLC purchased a new stake in shares of CoreCivic in the fourth quarter valued at $1,477,000. Nebula Research & Development LLC purchased a new stake in shares of CoreCivic in the fourth quarter valued at $361,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of CoreCivic in the fourth quarter valued at $4,582,000. Hedge funds and other institutional investors own 85.13% of the company's stock.
Analysts Set New Price Targets
CXW has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of CoreCivic from a "buy" rating to a "hold" rating in a research note on Sunday. Noble Financial raised shares of CoreCivic from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 12th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $30.00 price target on shares of CoreCivic in a research note on Tuesday, February 11th.
Check Out Our Latest Stock Report on CXW
Insider Activity at CoreCivic
In related news, CEO Damon T. Hininger sold 72,246 shares of CoreCivic stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $22.50, for a total transaction of $1,625,535.00. Following the transaction, the chief executive officer now directly owns 879,324 shares of the company's stock, valued at $19,784,790. This trade represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Lucibeth Mayberry sold 75,000 shares of CoreCivic stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $21.49, for a total transaction of $1,611,750.00. Following the transaction, the executive vice president now directly owns 211,232 shares in the company, valued at approximately $4,539,375.68. The trade was a 26.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 184,246 shares of company stock valued at $4,061,215 over the last ninety days. 2.30% of the stock is owned by company insiders.
CoreCivic Trading Down 1.7%
Shares of NYSE:CXW traded down $0.38 during trading on Thursday, reaching $21.62. 1,279,034 shares of the company were exchanged, compared to its average volume of 1,160,463. The firm has a market capitalization of $2.36 billion, a PE ratio of 35.44 and a beta of 0.79. The business's fifty day simple moving average is $21.68 and its 200-day simple moving average is $21.04. CoreCivic, Inc. has a 12-month low of $10.74 and a 12-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.
CoreCivic (NYSE:CXW - Get Free Report) last issued its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.10. The business had revenue of $488.60 million for 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 company's quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share. On average, research analysts anticipate that CoreCivic, Inc. will post 1.5 EPS for the current year.
CoreCivic 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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