Charles Schwab Investment Management Inc. Cuts Position in CoreCivic, Inc. (NYSE:CXW)

Charles Schwab Investment Management Inc. cut its stake in CoreCivic, Inc. (NYSE:CXW) by 4.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,377,649 shares of the real estate investment trust’s stock after selling 103,666 shares during the period. Charles Schwab Investment Management Inc. owned about 2.16% of CoreCivic worth $51,690,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in CoreCivic by 318.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 1,859 shares in the last quarter. GAMMA Investing LLC grew its position in CoreCivic by 25.5% in 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 in the last quarter. KBC Group NV boosted its position 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 valued at $119,000 after buying an additional 1,995 shares during the period. Chesapeake Capital Corp IL purchased a new stake in CoreCivic during the third quarter valued at about $139,000. Finally, Tidal Investments LLC purchased a new stake in CoreCivic during the third quarter valued at about $139,000. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wedbush restated an “outperform” rating and set a $30.00 price target on shares of CoreCivic in a research report on Tuesday, February 11th. Noble Financial upgraded shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research 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 Wednesday, February 26th.

CoreCivic Stock Performance

CoreCivic stock opened at $19.86 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.51 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average of $20.17 and a 200-day moving average of $18.09. The firm has a market cap of $2.16 billion, a P/E ratio of 32.55 and a beta of 1.02. CoreCivic, Inc. has a 1-year low of $10.74 and a 1-year high of $24.99.

CoreCivic (NYSE:CXW) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 expect that CoreCivic, Inc. will post 1.5 EPS for the current year.

CoreCivic Company 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.