Rhumbline Advisers Has $7.08 Million Stake in CoreCivic, Inc. (NYSE:CXW)

Rhumbline Advisers lessened its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 3.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 325,470 shares of the real estate investment trust’s stock after selling 10,448 shares during the quarter. Rhumbline Advisers owned about 0.30% of CoreCivic worth $7,076,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake 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 valued at $102,000 after acquiring an additional 953 shares in the last quarter. KBC Group NV boosted its position in shares of CoreCivic by 57.3% during 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. Caprock Group LLC bought a new position in shares of CoreCivic in the 4th quarter valued at $220,000. Chesapeake Capital Corp IL bought a new position in CoreCivic in the third quarter valued at about $139,000. Finally, Tidal Investments LLC bought a new stake in shares of CoreCivic during the 3rd quarter valued at approximately $139,000. 85.13% of the stock is currently owned by institutional investors and hedge funds.

CoreCivic Stock Performance

CXW opened at $18.15 on Wednesday. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 29.76 and a beta of 1.00. The company’s fifty day moving average price is $20.74 and its two-hundred day moving average price is $17.68. CoreCivic, Inc. has a 1-year low of $10.74 and a 1-year high of $24.99. 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 (NYSE:CXW) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 EPS for the quarter, topping the consensus estimate 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 expect that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CXW. Wedbush reissued an “outperform” rating and set a $30.00 price target on shares of CoreCivic in a research note on Tuesday, February 11th. Northland Securities boosted their target price on shares of CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, November 8th. StockNews.com raised CoreCivic from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Noble Financial raised shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 12th.

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.