First Trust Advisors LP Acquires 34,332 Shares of CoreCivic, Inc. (NYSE:CXW)

First Trust Advisors LP increased its position in CoreCivic, Inc. (NYSE:CXW - Free Report) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 329,603 shares of the real estate investment trust's stock after buying an additional 34,332 shares during the period. First Trust Advisors LP owned 0.30% of CoreCivic worth $7,166,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of CoreCivic during the 4th quarter worth $43,000. Smartleaf Asset Management LLC increased its position in CoreCivic by 318.9% during the fourth 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. Russell Investments Group Ltd. increased its position in CoreCivic by 86,300.0% during the fourth quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust's stock worth $94,000 after buying an additional 4,315 shares during the last quarter. GAMMA Investing LLC raised its holdings in CoreCivic by 25.5% during the fourth quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust's stock valued at $102,000 after buying an additional 953 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of CoreCivic by 57.3% in 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 last quarter. Institutional investors own 85.13% of the company's stock.

Analyst Upgrades and Downgrades

CXW has been the subject of a number of recent analyst reports. Noble Financial raised CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 12th. StockNews.com downgraded shares of CoreCivic from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, Wedbush restated an "outperform" rating and set a $30.00 price target on shares of CoreCivic in a report on Tuesday, February 11th.

CoreCivic Stock Performance

Shares of CXW stock traded up $0.12 during trading hours on Friday, reaching $22.91. 979,330 shares of the company's stock were exchanged, compared to its average volume of 1,140,421. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $2.50 billion, a P/E ratio of 37.56 and a beta of 0.79. The business has a fifty day moving average price of $20.48 and a 200-day moving average price of $20.15.

CoreCivic (NYSE:CXW - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.06. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. 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.