CoreCivic, Inc. (NYSE:CXW) Stake Reduced by River Road Asset Management LLC

River Road Asset Management LLC trimmed its position in CoreCivic, Inc. (NYSE:CXW) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,369,640 shares of the real estate investment trust’s stock after selling 242,000 shares during the quarter. CoreCivic accounts for 2.4% of River Road Asset Management LLC’s holdings, making the stock its 5th largest holding. River Road Asset Management LLC owned about 7.59% of CoreCivic worth $181,956,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in shares of CoreCivic by 318.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 1,859 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of CoreCivic by 25.5% in the 4th quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 953 shares during the period. KBC Group NV raised its position in shares of CoreCivic by 57.3% in the 4th quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 1,995 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new stake in shares of CoreCivic during the 4th quarter worth $200,000. Finally, Caprock Group LLC bought a new stake in CoreCivic during the fourth quarter valued at about $220,000. Institutional investors own 85.13% of the company’s stock.

Wall Street Analyst Weigh In

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

CoreCivic Stock Down 0.2 %

NYSE:CXW opened at $19.04 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.51 and a debt-to-equity ratio of 0.65. CoreCivic, Inc. has a twelve month low of $10.74 and a twelve month high of $24.99. The company has a market cap of $2.07 billion, a PE ratio of 31.20 and a beta of 1.02. The company’s 50 day moving average is $20.31 and its two-hundred day moving average is $18.00.

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

About CoreCivic

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.