Los Angeles Capital Management LLC Purchases New Stake in CoreCivic, Inc. (NYSE:CXW)

Los Angeles Capital Management LLC acquired a new position in shares of CoreCivic, Inc. (NYSE:CXW) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,899 shares of the real estate investment trust’s stock, valued at approximately $367,000.

A number of other hedge funds have also recently added to or reduced their stakes in CXW. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of CoreCivic by 47.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,459 shares of the real estate investment trust’s stock worth $2,447,000 after buying an additional 62,022 shares during the last quarter. Barclays PLC raised its stake in CoreCivic by 312.4% during the third quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust’s stock worth $2,331,000 after acquiring an additional 139,631 shares during the period. River Road Asset Management LLC lifted its holdings in CoreCivic by 0.5% in the third quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock worth $108,937,000 after acquiring an additional 40,365 shares during the last quarter. Empowered Funds LLC acquired a new position in CoreCivic in the fourth quarter valued at approximately $1,477,000. Finally, Allianz Asset Management GmbH grew its holdings in shares of CoreCivic by 11.4% during the fourth quarter. Allianz Asset Management GmbH now owns 1,513,031 shares of the real estate investment trust’s stock valued at $32,893,000 after purchasing an additional 154,426 shares during the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CXW shares. Noble Financial raised CoreCivic from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 12th. Northland Securities raised their target price on CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Wedbush restated an “outperform” rating and set a $30.00 price target on shares of CoreCivic in a research report on Tuesday, February 11th. Finally, StockNews.com upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th.

CoreCivic Stock Down 3.0 %

CXW opened at $18.20 on Tuesday. The stock’s 50 day moving average price is $20.61 and its 200 day moving average price is $17.80. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.51. The stock has a market cap of $1.98 billion, a P/E ratio of 29.84 and a beta of 1.00. CoreCivic, Inc. has a 12 month low of $10.74 and a 12 month high of $24.99.

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 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, research analysts predict 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.