CoreCivic, Inc. (NYSE:CXW) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its holdings in CoreCivic, Inc. (NYSE:CXW - Free Report) by 33.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,965 shares of the real estate investment trust's stock after purchasing an additional 17,426 shares during the quarter. Wells Fargo & Company MN owned about 0.06% of CoreCivic worth $1,521,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings 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 lifted its stake in CoreCivic by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 57,312 shares of the real estate investment trust's stock valued at $1,246,000 after buying an additional 1,450 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of CoreCivic by 318.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 1,859 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of CoreCivic during the fourth quarter worth approximately $43,000. Finally, KBC Group NV raised its stake in shares of CoreCivic by 57.3% during the fourth quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust's stock worth $119,000 after purchasing an additional 1,995 shares during the last quarter. 85.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently 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. StockNews.com downgraded shares of CoreCivic from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, Wedbush reissued an "outperform" rating and issued a $30.00 price objective on shares of CoreCivic in a research report on Tuesday, February 11th.

CoreCivic Stock Up 1.4 %

Shares of CXW stock traded up $0.32 on Thursday, hitting $22.96. The stock had a trading volume of 356,434 shares, compared to its average volume of 1,134,999. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 37.68 and a beta of 0.86. The stock's 50 day moving average is $20.30 and its 200-day moving average is $20.02. 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 52-week low of $10.74 and a 52-week high of $24.99.

CoreCivic (NYSE:CXW - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share 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.

About CoreCivic

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.