Wakefield Asset Management LLLP Invests $1.07 Million in CoreCivic, Inc. (NYSE:CXW)

Wakefield Asset Management LLLP bought a new stake in shares of CoreCivic, Inc. (NYSE:CXW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 49,106 shares of the real estate investment trust’s stock, valued at approximately $1,068,000.

A number of other large investors also recently added to or reduced their stakes in CXW. Nisa Investment Advisors LLC raised its position in shares of CoreCivic by 13,071.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 253,147 shares of the real estate investment trust’s stock valued at $5,503,000 after buying an additional 251,225 shares during the last quarter. Invenomic Capital Management LP lifted its stake in CoreCivic by 28.7% in the 3rd quarter. Invenomic Capital Management LP now owns 1,026,050 shares of the real estate investment trust’s stock worth $12,980,000 after purchasing an additional 228,803 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of CoreCivic during the 3rd quarter valued at about $2,810,000. Weiss Asset Management LP grew its position in shares of CoreCivic by 74.3% during the third quarter. Weiss Asset Management LP now owns 498,690 shares of the real estate investment trust’s stock valued at $6,308,000 after purchasing an additional 212,569 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of CoreCivic by 3.8% in the third quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock worth $64,739,000 after purchasing an additional 186,310 shares during the last quarter. 85.13% of the stock is owned by hedge funds and other institutional investors.

CoreCivic Stock Up 4.2 %

Shares of CXW opened at $18.93 on Friday. The firm has a fifty day moving average price of $20.69 and a 200-day moving average price of $17.68. 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 market capitalization of $2.06 billion, a P/E ratio of 31.03 and a beta of 1.00. CoreCivic, Inc. has a 12-month low of $10.74 and a 12-month high of $24.99.

CoreCivic (NYSE:CXW) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, topping the consensus estimate of $0.33 by $0.06. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. Equities research analysts expect that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.