Northern Trust Corp Has $24.69 Million Stake in CoreCivic, Inc. $CXW

Northern Trust Corp decreased its position in CoreCivic, Inc. (NYSE:CXW) by 2.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,216,691 shares of the real estate investment trust’s stock after selling 34,773 shares during the quarter. Northern Trust Corp owned about 1.11% of CoreCivic worth $24,687,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in CoreCivic by 2.2% during the first quarter. Vanguard Group Inc. now owns 12,215,492 shares of the real estate investment trust’s stock worth $247,852,000 after buying an additional 267,198 shares in the last quarter. Allianz Asset Management GmbH increased its stake in CoreCivic by 7.3% during the 1st quarter. Allianz Asset Management GmbH now owns 1,622,800 shares of the real estate investment trust’s stock worth $32,927,000 after acquiring an additional 109,769 shares during the period. Millennium Management LLC increased its stake in CoreCivic by 88.4% during the 4th quarter. Millennium Management LLC now owns 1,261,944 shares of the real estate investment trust’s stock worth $27,435,000 after acquiring an additional 592,070 shares during the period. Raymond James Financial Inc. increased its stake in CoreCivic by 3.0% during the 1st quarter. Raymond James Financial Inc. now owns 555,671 shares of the real estate investment trust’s stock worth $11,275,000 after acquiring an additional 15,996 shares during the period. Finally, Principal Financial Group Inc. increased its stake in CoreCivic by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 547,061 shares of the real estate investment trust’s stock worth $11,100,000 after acquiring an additional 12,374 shares during the period. Institutional investors and hedge funds own 85.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on CXW. Wall Street Zen upgraded CoreCivic from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Wedbush restated an “outperform” rating and set a $38.00 price objective on shares of CoreCivic in a research note on Wednesday, June 11th. Finally, Jones Trading restated a “buy” rating and set a $30.00 price objective on shares of CoreCivic in a research note on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, CoreCivic has a consensus rating of “Buy” and an average price target of $33.33.

CoreCivic Trading Up 0.4%

Shares of CXW stock opened at $20.26 on Monday. The stock’s fifty day moving average price is $20.69 and its two-hundred day moving average price is $20.78. The company has a market cap of $2.17 billion, a PE ratio of 21.56 and a beta of 0.81. CoreCivic, Inc. has a fifty-two week low of $12.13 and a fifty-two week high of $24.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.60 and a current ratio of 1.60.

CoreCivic (NYSE:CXW) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.16. The firm had revenue of $538.17 million for the quarter, compared to the consensus estimate of $499.02 million. CoreCivic had a return on equity of 7.12% and a net margin of 5.21%.The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 EPS. Equities analysts predict that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

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.