Voya Investment Management LLC Sells 292,575 Shares of CoreCivic, Inc. (NYSE:CXW)

Voya Investment Management LLC cut its stake in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 47.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 320,273 shares of the real estate investment trust's stock after selling 292,575 shares during the period. Voya Investment Management LLC owned 0.29% of CoreCivic worth $6,963,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CXW. Bank of Montreal Can lifted its holdings in shares of CoreCivic by 8.0% during the fourth quarter. Bank of Montreal Can now owns 12,742 shares of the real estate investment trust's stock worth $277,000 after buying an additional 944 shares in the last quarter. GAMMA Investing LLC raised its stake in CoreCivic by 25.5% in the fourth quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust's stock valued at $102,000 after purchasing an additional 953 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in CoreCivic by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 57,312 shares of the real estate investment trust's stock worth $1,246,000 after buying an additional 1,450 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in CoreCivic by 318.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 1,859 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of CoreCivic in the 4th quarter valued at approximately $43,000. Institutional investors own 85.13% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CXW. Wedbush reaffirmed an "outperform" rating and issued a $30.00 target price on shares of CoreCivic in a report on Tuesday, February 11th. StockNews.com downgraded CoreCivic from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, Noble Financial upgraded shares of CoreCivic from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 12th.

CoreCivic Trading Up 0.5 %

Shares of NYSE CXW traded up $0.12 during trading on Friday, reaching $22.91. The company had a trading volume of 979,330 shares, compared to its average volume of 1,140,421. CoreCivic, Inc. has a 12 month low of $10.74 and a 12 month 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 cap of $2.50 billion, a P/E ratio of 37.56 and a beta of 0.79. The company's fifty day moving average price is $20.48 and its 200-day moving average price is $20.15.

CoreCivic (NYSE:CXW - Get Free Report) last released 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 net margin of 3.51% and a return on equity of 5.97%. As a group, research analysts expect that CoreCivic, Inc. will post 1.5 earnings per share for the current 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.