Versor Investments LP Acquires New Position in CoreCivic, Inc. (NYSE:CXW)

Versor Investments LP bought a new position in CoreCivic, Inc. (NYSE:CXW) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,100 shares of the real estate investment trust’s stock, valued at approximately $263,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of CoreCivic by 47.2% in the 3rd 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 worth $2,447,000 after acquiring an additional 62,022 shares during the last quarter. Barclays PLC lifted its stake in CoreCivic by 312.4% in the third quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust’s stock worth $2,331,000 after purchasing an additional 139,631 shares during the last quarter. River Road Asset Management LLC grew its stake in shares of CoreCivic by 0.5% during the third 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 purchased a new position in shares of CoreCivic in the fourth quarter worth about $1,477,000. Finally, Allianz Asset Management GmbH lifted its stake in shares of CoreCivic by 11.4% in the 4th quarter. Allianz Asset Management GmbH now owns 1,513,031 shares of the real estate investment trust’s stock valued at $32,893,000 after acquiring an additional 154,426 shares during the last quarter. 85.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CXW shares. StockNews.com raised CoreCivic from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Noble Financial raised shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 12th. Wedbush reiterated an “outperform” rating and set a $30.00 price target on shares of CoreCivic in a report on Tuesday, February 11th. Finally, 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 report on Friday, November 8th.

CoreCivic Trading Down 3.0 %

NYSE CXW opened at $18.20 on Tuesday. The stock has a market cap of $1.98 billion, a P/E ratio of 29.84 and a beta of 1.00. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. The stock has a 50 day simple moving average of $20.61 and a two-hundred day simple moving average of $17.80. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.51 and a current ratio of 1.57.

CoreCivic (NYSE:CXW) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 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%. On average, analysts forecast that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

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.