1,972 Shares in CoreCivic, Inc. (NYSE:CXW) Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. bought a new stake in CoreCivic, Inc. (NYSE:CXW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,972 shares of the real estate investment trust’s stock, valued at approximately $43,000.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in CoreCivic by 318.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 1,859 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of CoreCivic by 25.5% during 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 during the last quarter. KBC Group NV raised its holdings in shares of CoreCivic by 57.3% during the 4th quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 1,995 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of CoreCivic in the 4th quarter valued at $155,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of CoreCivic in the 4th quarter valued at $200,000. 85.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on CXW. Noble Financial raised shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 12th. Wedbush restated an “outperform” rating and issued a $30.00 target price on shares of CoreCivic in a report on Tuesday, February 11th. Finally, StockNews.com raised CoreCivic from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th.

CoreCivic Stock Up 1.4 %

CXW stock opened at $20.58 on Wednesday. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 33.73 and a beta of 1.02. The company has a 50-day moving average of $19.60 and a two-hundred day moving average of $18.76. CoreCivic, Inc. has a 52-week low of $10.74 and a 52-week high of $24.99. 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 announced 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 return on equity of 5.97% and a net margin of 3.51%. As a group, equities research analysts anticipate that CoreCivic, Inc. will post 1.5 EPS 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.