Allianz Asset Management GmbH Purchases 154,426 Shares of CoreCivic, Inc. (NYSE:CXW)

Allianz Asset Management GmbH boosted its position in CoreCivic, Inc. (NYSE:CXW) by 11.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,513,031 shares of the real estate investment trust’s stock after buying an additional 154,426 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.37% of CoreCivic worth $32,893,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of CoreCivic by 47.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,459 shares of the real estate investment trust’s stock valued at $2,447,000 after purchasing an additional 62,022 shares during the last quarter. Barclays PLC boosted its stake in CoreCivic by 312.4% during the 3rd quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust’s stock valued at $2,331,000 after purchasing an additional 139,631 shares during the period. River Road Asset Management LLC grew its holdings in 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 buying an additional 40,365 shares during the last quarter. Empowered Funds LLC bought a new position in CoreCivic in the 4th quarter worth approximately $1,477,000. Finally, Algert Global LLC lifted its holdings in shares of CoreCivic by 348.2% during the third quarter. Algert Global LLC now owns 50,883 shares of the real estate investment trust’s stock worth $644,000 after buying an additional 39,530 shares during the last quarter. Institutional investors own 85.13% of the company’s stock.

CoreCivic Stock Performance

Shares of NYSE CXW opened at $18.07 on Monday. CoreCivic, Inc. has a one year low of $10.74 and a one year high of $24.99. 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 business has a fifty day simple moving average of $20.87 and a 200 day simple moving average of $17.60. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 29.63 and a beta of 1.00.

CoreCivic (NYSE:CXW) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating 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.

Analyst Upgrades and Downgrades

CXW has been the topic of several research analyst reports. Noble Financial upgraded shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 12th. Northland Securities raised their price target 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. Wedbush reaffirmed an “outperform” rating and set a $30.00 price objective on shares of CoreCivic in a research report on Tuesday, February 11th. Finally, StockNews.com upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Friday, February 14th.

Insiders Place Their Bets

In other news, EVP Anthony L. Grande sold 26,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total value of $576,680.00. Following the completion of the transaction, the executive vice president now directly owns 127,380 shares of the company’s stock, valued at approximately $2,825,288.40. This represents a 16.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.89% of the company’s stock.

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.