Deutsche Bank AG Trims Stock Position in CoreCivic, Inc. (NYSE:CXW)

Deutsche Bank AG lowered its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 10.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,038,915 shares of the real estate investment trust’s stock after selling 227,329 shares during the quarter. Deutsche Bank AG’s holdings in CoreCivic were worth $44,326,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CXW. Barclays PLC grew its stake in shares of CoreCivic by 312.4% during the 3rd quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust’s stock valued at $2,331,000 after buying an additional 139,631 shares during the period. Allianz Asset Management GmbH grew its position in CoreCivic by 11.4% during the fourth 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 period. Empowered Funds LLC acquired a new stake in CoreCivic during the fourth quarter worth about $1,477,000. Nebula Research & Development LLC acquired a new stake in CoreCivic during the fourth quarter worth about $361,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of CoreCivic in the 4th quarter worth about $4,582,000. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

CoreCivic Stock Performance

Shares of NYSE:CXW opened at $21.72 on Wednesday. The business’s 50-day simple moving average is $21.01 and its 200 day simple moving average is $20.61. The company has a market cap of $2.37 billion, a P/E ratio of 35.61 and a beta of 0.79. 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, Inc. has a one year low of $10.74 and a one year high of $24.99.

CoreCivic (NYSE:CXW) last issued its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.10. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. The company had revenue of $488.60 million during the quarter, compared to the consensus estimate of $478.49 million. During the same quarter last year, the company earned $0.46 earnings per share. CoreCivic’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, sell-side analysts forecast that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on CXW shares. StockNews.com raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. Wedbush reiterated an “outperform” rating and set a $30.00 price objective on shares of CoreCivic in a research note on Tuesday, February 11th. Finally, Noble Financial raised shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 12th.

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.