Chesapeake Capital Corp IL Raises Holdings in CoreCivic, Inc. (NYSE:CXW)

Chesapeake Capital Corp IL boosted its position in CoreCivic, Inc. (NYSE:CXW) by 85.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,411 shares of the real estate investment trust’s stock after purchasing an additional 9,411 shares during the quarter. Chesapeake Capital Corp IL’s holdings in CoreCivic were worth $444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in 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 worth $53,000 after buying an additional 1,859 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of CoreCivic by 25.5% in the 4th quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 953 shares during the last quarter. KBC Group NV grew 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 worth $119,000 after purchasing an additional 1,995 shares during the period. Cornerstone Investment Partners LLC purchased a new position in CoreCivic during the fourth quarter worth about $200,000. Finally, Natixis Advisors LLC acquired a new stake in shares of CoreCivic during the fourth quarter valued at about $219,000. 85.13% of the stock is owned by hedge funds and other institutional investors.

CoreCivic Trading Down 1.2 %

Shares of CoreCivic stock opened at $19.85 on Wednesday. The company has a fifty day simple moving average of $20.02 and a 200-day simple moving average of $18.30. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 32.53 and a beta of 1.02. CoreCivic, Inc. has a 12-month low of $10.74 and a 12-month high of $24.99. The company has a current ratio of 1.57, a quick ratio of 1.51 and a debt-to-equity ratio of 0.65.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CXW shares. Wedbush reissued an “outperform” rating and set a $30.00 target price on shares of CoreCivic in a research note on Tuesday, February 11th. Noble Financial raised CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 12th. Finally, StockNews.com upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th.

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.