CoreCivic, Inc. (NYSE:CXW) Stake Reduced by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its holdings in shares of CoreCivic, Inc. (NYSE:CXW) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,976,688 shares of the real estate investment trust’s stock after selling 42,637 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.79% of CoreCivic worth $42,973,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of CoreCivic by 25.5% in the 4th quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 953 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in CoreCivic by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 57,312 shares of the real estate investment trust’s stock worth $1,246,000 after purchasing an additional 1,450 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in CoreCivic by 318.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 1,859 shares during the period. HighTower Advisors LLC lifted its stake in CoreCivic by 13.7% during the third quarter. HighTower Advisors LLC now owns 15,549 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 1,877 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of CoreCivic by 57.3% in the fourth quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 1,995 shares during the period. Institutional investors and hedge funds own 85.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CXW. Wedbush reaffirmed an “outperform” rating and issued a $30.00 target price on shares of CoreCivic in a research report on Tuesday, February 11th. Noble Financial upgraded CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 12th. Finally, StockNews.com upgraded CoreCivic from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th.

CoreCivic Trading Up 1.4 %

Shares of CoreCivic stock opened at $20.58 on Wednesday. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99. The company’s fifty day simple moving average is $19.60 and its 200-day simple moving average is $18.76. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 33.73 and a beta of 1.02. The company has a current ratio of 1.57, a quick ratio of 1.51 and a debt-to-equity ratio of 0.65.

CoreCivic (NYSE:CXW) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. As a group, sell-side analysts expect that CoreCivic, Inc. will post 1.5 EPS 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.