CANADA LIFE ASSURANCE Co Sells 16,647 Shares of CoreCivic, Inc. (NYSE:CXW)

CANADA LIFE ASSURANCE Co trimmed its position in shares of CoreCivic, Inc. (NYSE:CXW) by 12.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,252 shares of the real estate investment trust’s stock after selling 16,647 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.10% of CoreCivic worth $2,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of CXW. Meeder Asset Management Inc. bought a new position in CoreCivic in the fourth quarter valued at about $43,000. Smartleaf Asset Management LLC increased its position in shares of CoreCivic by 318.9% during 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 during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of CoreCivic by 86,300.0% in the 4th quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 4,315 shares during the period. GAMMA Investing LLC boosted its holdings in shares of CoreCivic by 25.5% in the fourth quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 953 shares during the last quarter. Finally, KBC Group NV grew its position in CoreCivic by 57.3% during the fourth quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 1,995 shares during the period. 85.13% of the stock is owned by institutional investors.

CoreCivic Stock Performance

Shares of NYSE CXW opened at $22.23 on Friday. The stock has a market cap of $2.43 billion, a PE ratio of 36.45 and a beta of 0.86. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99. The firm has a fifty day moving average price of $20.06 and a 200-day moving average price of $19.87. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.51.

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

Wall Street Analysts Forecast Growth

CXW has been the topic of several analyst reports. Wedbush reiterated an “outperform” rating and set a $30.00 price target on shares of CoreCivic in a research note on Tuesday, February 11th. Noble Financial raised CoreCivic from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 12th. Finally, StockNews.com raised CoreCivic from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th.

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.