Franklin Resources Inc. Raises Stock Position in CoreCivic, Inc. (NYSE:CXW)

Franklin Resources Inc. raised its holdings in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 52.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,038 shares of the real estate investment trust's stock after purchasing an additional 17,608 shares during the quarter. Franklin Resources Inc.'s holdings in CoreCivic were worth $1,110,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in CoreCivic by 312.4% in the 3rd quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust's stock worth $2,331,000 after purchasing an additional 139,631 shares during the period. Allianz Asset Management GmbH boosted its position 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 bought a new position in shares of CoreCivic in the fourth quarter valued at approximately $1,477,000. Teacher Retirement System of Texas purchased a new position in CoreCivic during the fourth quarter valued at approximately $4,582,000. Finally, Principal Financial Group Inc. increased its holdings in CoreCivic by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 534,687 shares of the real estate investment trust's stock worth $11,624,000 after acquiring an additional 14,892 shares during the period. Institutional investors own 85.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Noble Financial raised shares of CoreCivic from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 12th. Wedbush restated an "outperform" rating and issued a $30.00 target price on shares of CoreCivic in a research note on Tuesday, February 11th. Finally, StockNews.com upgraded CoreCivic from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th.

CoreCivic Trading Up 1.0 %

Shares of CXW stock traded up $0.22 on Friday, hitting $22.17. 705,861 shares of the company's stock traded hands, compared to its average volume of 1,117,468. The company's fifty day simple moving average is $19.78 and its 200 day simple moving average is $19.60. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.51 and a current ratio of 1.57. CoreCivic, Inc. has a one year low of $10.74 and a one year high of $24.99. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 36.34 and a beta of 0.86.

CoreCivic (NYSE:CXW - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.06. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. Equities analysts forecast that CoreCivic, Inc. will post 1.5 EPS for the current year.

CoreCivic Company 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.