Smartleaf Asset Management LLC Grows Stock Position in CoreCivic, Inc. (NYSE:CXW)

Smartleaf Asset Management LLC lifted its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 318.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,442 shares of the real estate investment trust’s stock after purchasing an additional 1,859 shares during the quarter. Smartleaf Asset Management LLC’s holdings in CoreCivic were worth $53,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in CoreCivic by 25.5% during the fourth quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 953 shares during the period. KBC Group NV grew its holdings in CoreCivic by 57.3% during the fourth quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 1,995 shares during the period. Chesapeake Capital Corp IL acquired a new position in CoreCivic during the third quarter worth $139,000. Tidal Investments LLC acquired a new position in CoreCivic during the third quarter worth $139,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in CoreCivic during the third quarter worth $144,000. Institutional investors and hedge funds own 85.13% of the company’s stock.

Wall Street Analysts Forecast Growth

CXW has been the topic of several research reports. StockNews.com raised CoreCivic from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Noble Financial raised CoreCivic from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 12th. Finally, Wedbush reaffirmed an “outperform” rating and set a $30.00 price objective on shares of CoreCivic in a research note on Tuesday, February 11th.

CoreCivic Stock Down 0.2 %

CXW opened at $19.04 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.65. The firm has a market cap of $2.07 billion, a P/E ratio of 31.20 and a beta of 1.02. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99. The business’s fifty day simple moving average is $20.31 and its 200 day simple moving average is $18.00.

CoreCivic (NYSE:CXW) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, beating 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 research analysts anticipate that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

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.