LPL Financial LLC Buys 28,074 Shares of CoreCivic, Inc. (NYSE:CXW)

LPL Financial LLC increased its position in shares of CoreCivic, Inc. (NYSE:CXW) by 67.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,838 shares of the real estate investment trust’s stock after buying an additional 28,074 shares during the period. LPL Financial LLC owned about 0.06% of CoreCivic worth $1,518,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position 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 worth $102,000 after purchasing an additional 953 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of CoreCivic by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 57,312 shares of the real estate investment trust’s stock valued at $1,246,000 after buying an additional 1,450 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of CoreCivic by 318.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 1,859 shares in the last quarter. HighTower Advisors LLC raised its position in shares of CoreCivic by 13.7% during the 3rd quarter. HighTower Advisors LLC now owns 15,549 shares of the real estate investment trust’s stock worth $205,000 after purchasing an additional 1,877 shares during the last quarter. Finally, KBC Group NV lifted its stake in CoreCivic by 57.3% in the 4th 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 in the last quarter. 85.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

CoreCivic Stock Up 1.0 %

NYSE CXW opened at $22.17 on Friday. The business’s fifty day simple moving average is $19.63 and its 200-day simple moving average is $19.37. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.65. The firm has a market cap of $2.42 billion, a PE ratio of 36.34 and a beta of 0.86. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99.

CoreCivic (NYSE:CXW) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.06. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. As a group, equities analysts anticipate 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.