Empowered Funds LLC Acquires New Position in CoreCivic, Inc. (NYSE:CXW)

Empowered Funds LLC acquired a new stake in CoreCivic, Inc. (NYSE:CXW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 67,954 shares of the real estate investment trust’s stock, valued at approximately $1,477,000. Empowered Funds LLC owned about 0.06% of CoreCivic as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. River Road Asset Management LLC lifted its stake in shares of CoreCivic by 0.5% in the 3rd quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock valued at $108,937,000 after purchasing an additional 40,365 shares during the period. FMR LLC lifted its stake in CoreCivic by 3.8% in the third quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock valued at $64,739,000 after buying an additional 186,310 shares during the period. State Street Corp lifted its stake in CoreCivic by 0.4% in the third quarter. State Street Corp now owns 4,200,268 shares of the real estate investment trust’s stock valued at $53,133,000 after buying an additional 18,415 shares during the period. Geode Capital Management LLC boosted its holdings in CoreCivic by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,570,005 shares of the real estate investment trust’s stock worth $32,517,000 after buying an additional 18,410 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of CoreCivic by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,481,315 shares of the real estate investment trust’s stock worth $31,389,000 after buying an additional 35,591 shares during the period. Institutional investors and hedge funds own 85.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CXW shares. Wedbush reiterated an “outperform” rating and issued a $30.00 price target on shares of CoreCivic in a research report on Tuesday, February 11th. Northland Securities increased their target price on shares of CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Noble Financial raised shares of CoreCivic from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 12th. Finally, StockNews.com upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Friday.

CoreCivic Price Performance

NYSE CXW opened at $18.78 on Monday. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 28.03 and a beta of 1.00. CoreCivic, Inc. has a 52-week low of $10.74 and a 52-week high of $24.99. The business has a 50 day simple moving average of $21.19 and a 200 day simple moving average of $17.38. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.51.

CoreCivic (NYSE:CXW) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. CoreCivic had a return on equity of 6.55% and a net margin of 3.85%. Analysts anticipate that CoreCivic, Inc. will post 1.64 earnings per share for the current fiscal year.

Insider Activity

In other CoreCivic news, Director Mark A. Emkes sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $22.70, for a total value of $363,200.00. Following the completion of the transaction, the director now directly owns 149,264 shares in the company, valued at $3,388,292.80. This trade represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Anthony L. Grande sold 26,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total transaction of $576,680.00. Following the sale, the executive vice president now directly owns 127,380 shares in the company, valued at $2,825,288.40. This trade represents a 16.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.89% of the stock is owned by corporate 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.