State of Tennessee Department of Treasury Grows Holdings in CoreCivic, Inc. (NYSE:CXW)

State of Tennessee Department of Treasury increased its holdings in CoreCivic, Inc. (NYSE:CXW - Free Report) by 65.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,999 shares of the real estate investment trust's stock after purchasing an additional 19,391 shares during the quarter. State of Tennessee Department of Treasury's holdings in CoreCivic were worth $1,065,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CXW. Cooper Creek Partners Management LLC raised its stake in shares of CoreCivic by 9.9% during the 4th quarter. Cooper Creek Partners Management LLC now owns 6,127,227 shares of the real estate investment trust's stock worth $133,206,000 after purchasing an additional 553,336 shares in the last quarter. 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 worth $32,893,000 after acquiring an additional 154,426 shares during the last quarter. National Bank of Canada FI lifted its position in shares of CoreCivic by 19.5% during the fourth quarter. National Bank of Canada FI now owns 910,000 shares of the real estate investment trust's stock worth $19,783,000 after purchasing an additional 148,508 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of CoreCivic in the 4th quarter valued at $11,733,000. Finally, Principal Financial Group Inc. lifted its position 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 valued at $11,624,000 after purchasing an additional 14,892 shares during the period. Institutional investors own 85.13% of the company's stock.

CoreCivic Price Performance

Shares of CXW traded down $0.28 during mid-day trading on Wednesday, reaching $22.79. The company had a trading volume of 416,097 shares, compared to its average volume of 1,205,108. The company's 50 day simple moving average is $20.66 and its 200 day simple moving average is $20.32. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 37.41 and a beta of 0.79. CoreCivic, Inc. has a 1-year low of $10.74 and a 1-year high of $24.99. 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 (NYSE:CXW - Get Free Report) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, topping 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 expect that CoreCivic, Inc. will post 1.5 EPS for the current year.

Analysts Set New Price Targets

CXW has been the subject of a number of research reports. Noble Financial upgraded shares of CoreCivic from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 12th. StockNews.com cut shares of CoreCivic from a "buy" rating to a "hold" rating in a research note on Tuesday, April 29th. Finally, Wedbush restated an "outperform" rating and set a $30.00 target price on shares of CoreCivic in a research note on Tuesday, February 11th.

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.