LPL Financial LLC Has $1.52 Million Stake in CoreCivic, Inc. (NYSE:CXW)

LPL Financial LLC grew its position in CoreCivic, Inc. (NYSE:CXW - Free Report) by 67.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,838 shares of the real estate investment trust's stock after purchasing an additional 28,074 shares during the period. LPL Financial LLC owned approximately 0.06% of CoreCivic worth $1,518,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its holdings 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 purchasing an additional 139,631 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings 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 purchasing an additional 154,426 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of CoreCivic in the fourth quarter valued at about $1,477,000. Teacher Retirement System of Texas bought a new stake in shares of CoreCivic in the fourth quarter valued at about $4,582,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of CoreCivic by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 534,687 shares of the real estate investment trust's stock valued at $11,624,000 after purchasing an additional 14,892 shares in the last quarter. 85.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CXW has been the topic of a number of research reports. Noble Financial upgraded CoreCivic from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 12th. Wedbush reiterated an "outperform" rating and set a $30.00 target price on shares of CoreCivic in a report on Tuesday, February 11th. Finally, StockNews.com upgraded CoreCivic from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th.

CoreCivic Stock Up 0.9 %

CXW traded up $0.20 on Wednesday, hitting $21.87. 150,077 shares of the company were exchanged, compared to its average volume of 1,116,673. CoreCivic, Inc. has a 12 month low of $10.74 and a 12 month high of $24.99. The company has a market cap of $2.39 billion, a PE ratio of 35.85 and a beta of 0.86. 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 stock's fifty day moving average is $19.88 and its 200-day moving average is $19.68.

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