Wakefield Asset Management LLLP Takes $1.07 Million Position in CoreCivic, Inc. (NYSE:CXW)

Wakefield Asset Management LLLP bought a new position in shares of CoreCivic, Inc. (NYSE:CXW) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 49,106 shares of the real estate investment trust’s stock, valued at approximately $1,068,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CXW. GAMMA Investing LLC raised its stake 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 buying an additional 953 shares during the last quarter. Exchange Traded Concepts LLC raised its position in 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 valued at $1,246,000 after acquiring an additional 1,450 shares in the last quarter. HighTower Advisors LLC boosted 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 in the last quarter. KBC Group NV grew its stake in shares of CoreCivic by 57.3% during the 4th quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 1,995 shares during the period. Finally, Hourglass Capital LLC increased its holdings in shares of CoreCivic by 2.1% during the 3rd quarter. Hourglass Capital LLC now owns 121,380 shares of the real estate investment trust’s stock valued at $1,535,000 after purchasing an additional 2,490 shares in the last quarter. 85.13% of the stock is currently owned by institutional investors and hedge funds.

CoreCivic Stock Performance

Shares of NYSE:CXW opened at $18.93 on Friday. 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, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99. The firm has a market capitalization of $2.06 billion, a PE ratio of 31.03 and a beta of 1.00. The business’s 50 day moving average price is $20.69 and its 200-day moving average price is $17.68.

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, 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%. As a group, equities research analysts expect that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. StockNews.com upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Wednesday. Wedbush restated an “outperform” rating and issued a $30.00 price objective 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, Northland Securities upped their price objective on shares of CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

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.