Cornerstone Investment Partners LLC Makes New Investment in CoreCivic, Inc. (NYSE:CXW)

Cornerstone Investment Partners LLC bought a new stake in CoreCivic, Inc. (NYSE:CXW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,216 shares of the real estate investment trust’s stock, valued at approximately $200,000.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted 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 valued at $53,000 after purchasing an additional 1,859 shares during the period. Wakefield Asset Management LLLP purchased a new position in CoreCivic during the fourth quarter valued at approximately $1,068,000. Versor Investments LP purchased a new position in shares of CoreCivic in the 4th quarter valued at $263,000. Los Angeles Capital Management LLC bought a new position in CoreCivic in the fourth quarter worth about $367,000. Finally, Y Intercept Hong Kong Ltd raised its stake in shares of CoreCivic by 55.2% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 38,264 shares of the real estate investment trust’s stock worth $832,000 after acquiring an additional 13,617 shares in the last quarter. Institutional investors own 85.13% of the company’s stock.

CoreCivic Stock Performance

Shares of NYSE:CXW opened at $18.06 on Wednesday. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99. The firm has a market capitalization of $1.97 billion, a PE ratio of 29.60 and a beta of 1.00. The business’s 50 day moving average price is $20.55 and its 200-day moving average price is $17.84. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.51.

CoreCivic (NYSE:CXW) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. As a group, equities research analysts expect that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CXW shares. Northland Securities increased their price target on CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. StockNews.com raised CoreCivic from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Wedbush reaffirmed an “outperform” rating and set a $30.00 target price on shares of CoreCivic in a report on Tuesday, February 11th. Finally, Noble Financial raised CoreCivic from a “market perform” rating to an “outperform” rating in a report 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.