Arrowstreet Capital Limited Partnership Has $42.97 Million Holdings in CoreCivic, Inc. (NYSE:CXW)

Arrowstreet Capital Limited Partnership decreased its holdings in CoreCivic, Inc. (NYSE:CXW) by 2.1% in the 4th quarter, HoldingsChannel reports. The firm owned 1,976,688 shares of the real estate investment trust’s stock after selling 42,637 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in CoreCivic were worth $42,973,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CXW. GAMMA Investing LLC increased its stake in shares of 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 buying an additional 953 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in CoreCivic by 2.6% during 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 acquiring an additional 1,450 shares during the last quarter. Smartleaf Asset Management LLC increased its position 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 acquiring an additional 1,859 shares in the last quarter. HighTower Advisors LLC raised its position in CoreCivic by 13.7% in the 3rd quarter. HighTower Advisors LLC now owns 15,549 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 1,877 shares during the last quarter. Finally, KBC Group NV boosted its holdings in 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 acquiring an additional 1,995 shares during the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic Stock Performance

Shares of CXW stock opened at $20.58 on Wednesday. The stock has a market cap of $2.24 billion, a P/E ratio of 33.73 and a beta of 1.02. The company has a fifty day moving average price of $19.60 and a two-hundred day moving average price of $18.76. CoreCivic, Inc. has a one year low of $10.74 and a one year 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.

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, topping 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%. As a group, equities analysts predict that CoreCivic, Inc. will post 1.5 EPS for the current year.

Analysts Set New Price Targets

CXW has been the subject of a number of analyst reports. 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 CoreCivic from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Finally, Noble Financial raised shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 12th.

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.