Vanguard Group Inc. Sells 175,761 Shares of CoreCivic, Inc. (NYSE:CXW)

Vanguard Group Inc. reduced its position in CoreCivic, Inc. (NYSE:CXW) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,948,294 shares of the real estate investment trust’s stock after selling 175,761 shares during the period. Vanguard Group Inc. owned approximately 10.84% of CoreCivic worth $259,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CXW. LPL Financial LLC grew its stake in shares of CoreCivic by 67.2% during the 4th quarter. LPL Financial LLC now owns 69,838 shares of the real estate investment trust’s stock valued at $1,518,000 after purchasing an additional 28,074 shares during the period. Fox Run Management L.L.C. grew its position in CoreCivic by 31.2% during the fourth quarter. Fox Run Management L.L.C. now owns 70,151 shares of the real estate investment trust’s stock valued at $1,525,000 after buying an additional 16,662 shares during the period. Teacher Retirement System of Texas bought a new stake in CoreCivic during the fourth quarter valued at approximately $4,582,000. Harvest Fund Management Co. Ltd purchased a new stake in CoreCivic during the fourth quarter valued at approximately $155,000. Finally, Chesapeake Capital Corp IL raised its position in CoreCivic by 85.6% in the fourth quarter. Chesapeake Capital Corp IL now owns 20,411 shares of the real estate investment trust’s stock worth $444,000 after acquiring an additional 9,411 shares during the period. Hedge funds and other institutional investors own 85.13% of the company’s stock.

CoreCivic Stock Down 5.1 %

Shares of CXW stock opened at $19.41 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 one year low of $10.74 and a one year high of $24.99. The company’s fifty day moving average price is $19.46 and its 200-day moving average price is $18.88. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 31.82 and a beta of 1.02.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Noble Financial raised shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 12th. StockNews.com upgraded CoreCivic from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Finally, Wedbush reaffirmed an “outperform” rating and set a $30.00 price objective on shares of CoreCivic in a research report on Tuesday, February 11th.

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.