CoreCivic, Inc. (NYSE:CXW) Stock Holdings Decreased by Prudential Financial Inc.

Prudential Financial Inc. decreased its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 176,849 shares of the real estate investment trust’s stock after selling 11,555 shares during the period. Prudential Financial Inc. owned about 0.16% of CoreCivic worth $3,845,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in CoreCivic during the 4th quarter worth approximately $11,733,000. Nisa Investment Advisors LLC raised its position in shares of CoreCivic by 13,071.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 253,147 shares of the real estate investment trust’s stock valued at $5,503,000 after acquiring an additional 251,225 shares in the last quarter. Invenomic Capital Management LP lifted its stake in CoreCivic by 28.7% during the third 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 during the last quarter. Point72 Asset Management L.P. acquired a new position in CoreCivic in the third quarter worth $2,810,000. Finally, Weiss Asset Management LP increased its stake in 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 during the last quarter. 85.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

CoreCivic Stock Up 1.4 %

CXW stock opened at $20.58 on Wednesday. The stock has a market cap of $2.24 billion, a PE ratio of 33.73 and a beta of 1.02. The firm’s 50-day simple moving average is $19.60 and its 200 day simple moving average is $18.76. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.65.

CoreCivic (NYSE:CXW) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share 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, sell-side analysts predict 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.