1 week Ago By Defense World Staff
Geode Capital Management LLC trimmed its holdings in shares of CoreCivic, Inc. (NYSE:CXW – Free Report) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC.
The firm owned 2,551,279 shares of the real estate investment trust’s stock after selling 18,726 shares during the period. Geode Capital Management LLC owned approximately 2.31% of CoreCivic worth $55,477,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of CXW. Meeder Asset Management Inc. bought a new stake in shares of CoreCivic during the 4th quarter worth about $43,000.
Smartleaf Asset Management LLC lifted its position in CoreCivic by 318.9% in 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 period.
GAMMA Investing LLC boosted its stake in CoreCivic by 25.5% during the 4th 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.
KBC Group NV raised its stake in shares of CoreCivic by 57.3% in the 4th 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 in the last quarter.
Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of CoreCivic in the fourth quarter valued at $155,000. 85.
13% of the stock is currently owned by institutional investors. CoreCivic Trading Up 3.1 %Shares of CXW opened at $21.
51 on Monday. The business’s 50-day moving average price is $19.45 and its 200 day moving average price is $19.
27. The company has a current ratio of 1.57, a quick ratio of 1.
51 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $2.
35 billion, a P/E ratio of 35.26 and a beta of 0.86.
CoreCivic, Inc. has a 1-year low of $10.74 and a 1-year 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%.
Analysts expect that CoreCivic, Inc. will post 1.5 earnings per share for the current year.
Analysts Set New Price TargetsA number of research firms recently issued reports on CXW. Wedbush reaffirmed an “outperform” rating and set a $30.00 target price on shares of CoreCivic in a report on Tuesday, February 11th.
StockNews.com upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Finally, Noble Financial upgraded shares of CoreCivic from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 12th.
Check Out Our Latest Stock Report on CoreCivicCoreCivic Company Profile (Free Report)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.
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