CANADA LIFE ASSURANCE Co Cuts Stock Holdings in CoreCivic, Inc. (NYSE:CXW)

CANADA LIFE ASSURANCE Co reduced its stake in CoreCivic, Inc. (NYSE:CXW) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 112,252 shares of the real estate investment trust’s stock after selling 16,647 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in CoreCivic were worth $2,442,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cooper Creek Partners Management LLC increased its holdings in shares of CoreCivic by 9.9% in the fourth quarter. Cooper Creek Partners Management LLC now owns 6,127,227 shares of the real estate investment trust’s stock worth $133,206,000 after purchasing an additional 553,336 shares during the last quarter. Raymond James Financial Inc. bought a new stake in CoreCivic in the 4th quarter worth approximately $11,733,000. Forest Avenue Capital Management LP purchased a new stake in shares of CoreCivic during the 4th quarter worth approximately $11,205,000. Nisa Investment Advisors LLC boosted its position in shares of CoreCivic by 13,071.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 253,147 shares of the real estate investment trust’s stock valued at $5,503,000 after acquiring an additional 251,225 shares during the last quarter. Finally, Discovery Capital Management LLC CT bought a new stake in CoreCivic in the fourth quarter worth $5,100,000. Institutional investors own 85.13% of the company’s stock.

CoreCivic Trading Up 1.6 %

CXW stock opened at $22.23 on Friday. CoreCivic, Inc. has a twelve month low of $10.74 and a twelve month high of $24.99. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 36.45 and a beta of 0.86. 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’s fifty day simple moving average is $20.06 and its two-hundred day simple moving average is $19.87.

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

Analyst Ratings Changes

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