Allianz Asset Management GmbH Has $32.89 Million Stake in CoreCivic, Inc. (NYSE:CXW)

Allianz Asset Management GmbH increased its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 11.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,513,031 shares of the real estate investment trust’s stock after purchasing an additional 154,426 shares during the quarter. Allianz Asset Management GmbH’s holdings in CoreCivic were worth $32,893,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CXW. GAMMA Investing LLC raised its position in shares of 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 acquiring an additional 953 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of CoreCivic by 2.6% during the fourth 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 during the period. HighTower Advisors LLC increased its holdings in CoreCivic by 13.7% in the third quarter. HighTower Advisors LLC now owns 15,549 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 1,877 shares during the last quarter. KBC Group NV increased 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 purchasing an additional 1,995 shares during the last quarter. Finally, Hourglass Capital LLC lifted its stake in CoreCivic by 2.1% in the third quarter. Hourglass Capital LLC now owns 121,380 shares of the real estate investment trust’s stock valued at $1,535,000 after buying an additional 2,490 shares during the period. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic Trading Down 2.5 %

NYSE CXW opened at $18.07 on Monday. 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 stock’s 50-day moving average is $20.87 and its 200-day moving average is $17.60. CoreCivic, Inc. has a one year low of $10.74 and a one year high of $24.99. The firm has a market cap of $1.99 billion, a P/E ratio of 29.63 and a beta of 1.00.

CoreCivic (NYSE:CXW) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 EPS 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%. Sell-side analysts anticipate that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CXW has been the subject of several analyst reports. Wedbush restated an “outperform” rating and set a $30.00 target price on shares of CoreCivic in a research report on Tuesday, February 11th. Northland Securities boosted their price objective on shares of CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, November 8th. StockNews.com raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Finally, Noble Financial raised shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 12th.

Insider Activity at CoreCivic

In other CoreCivic news, EVP Anthony L. Grande sold 26,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total transaction of $576,680.00. Following the completion of the transaction, the executive vice president now owns 127,380 shares in the company, valued at approximately $2,825,288.40. This represents a 16.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.89% of the stock is currently owned by insiders.

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.