Northern Trust Corp Increases Stock Position in CoreCivic, Inc. (NYSE:CXW)

Northern Trust Corp lifted its position in CoreCivic, Inc. (NYSE:CXW - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,251,464 shares of the real estate investment trust's stock after acquiring an additional 37,639 shares during the quarter. Northern Trust Corp owned approximately 1.13% of CoreCivic worth $27,207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its holdings in CoreCivic by 4.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 58,563 shares of the real estate investment trust's stock worth $1,273,000 after purchasing an additional 2,420 shares during the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of CoreCivic by 1,398.6% in the 4th quarter. Tudor Investment Corp ET AL now owns 411,772 shares of the real estate investment trust's stock worth $8,952,000 after buying an additional 384,295 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of CoreCivic in the fourth quarter valued at approximately $2,403,000. Nebula Research & Development LLC bought a new position in shares of CoreCivic in the fourth quarter valued at approximately $361,000. Finally, Dark Forest Capital Management LP purchased a new stake in shares of CoreCivic during the fourth quarter valued at approximately $459,000. Hedge funds and other institutional investors own 85.13% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. StockNews.com raised CoreCivic from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Wedbush reiterated an "outperform" rating and set a $30.00 target price on shares of CoreCivic in a research note on Tuesday, February 11th. Finally, Noble Financial upgraded shares of CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 12th.

CoreCivic Stock Performance

Shares of CXW stock traded down $0.06 during trading hours on Friday, hitting $21.87. 166,296 shares of the company were exchanged, compared to its average volume of 1,212,241. The company has a current ratio of 1.57, a quick ratio of 1.51 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 35.84 and a beta of 0.79. The firm has a fifty day simple moving average of $21.12 and a 200 day simple moving average of $20.66. CoreCivic, Inc. has a 52-week low of $10.74 and a 52-week high of $24.99.

CoreCivic (NYSE:CXW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.10. The business had revenue of $488.60 million during the quarter, compared to analyst estimates of $478.49 million. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. CoreCivic's revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 earnings per share. Research analysts predict that CoreCivic, Inc. will post 1.5 earnings per share 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.