Chesapeake Capital Corp IL Raises Stock Position in CoreCivic, Inc. (NYSE:CXW)

Chesapeake Capital Corp IL increased its position in shares of CoreCivic, Inc. (NYSE:CXW) by 85.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 20,411 shares of the real estate investment trust’s stock after acquiring an additional 9,411 shares during the period. Chesapeake Capital Corp IL’s holdings in CoreCivic were worth $444,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Smartleaf Asset Management LLC increased its stake in shares of 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 purchasing an additional 1,859 shares in the last quarter. GAMMA Investing LLC boosted its position in CoreCivic by 25.5% during the fourth 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. KBC Group NV grew its position 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 valued at $119,000 after purchasing an additional 1,995 shares during the period. Cornerstone Investment Partners LLC acquired a new position in CoreCivic in the fourth quarter valued at $200,000. Finally, Natixis Advisors LLC purchased a new position in CoreCivic during the fourth quarter worth about $219,000. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CXW has been the topic of a number of research analyst reports. StockNews.com upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Wedbush reissued an “outperform” rating and issued a $30.00 target price on shares of CoreCivic in a research note on Tuesday, February 11th. Finally, Noble Financial upgraded CoreCivic from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 12th.

CoreCivic Stock Performance

Shares of CXW stock opened at $19.85 on Wednesday. The firm has a market capitalization of $2.16 billion, a P/E ratio of 32.53 and a beta of 1.02. CoreCivic, Inc. has a 12 month low of $10.74 and a 12 month high of $24.99. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.51. The company’s fifty day moving average price is $20.02 and its two-hundred day moving average price is $18.30.

CoreCivic (NYSE:CXW) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. On average, research analysts anticipate that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal 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.