Los Angeles Capital Management LLC Purchases Shares of 16,899 CoreCivic, Inc. (NYSE:CXW)

Los Angeles Capital Management LLC acquired a new position in CoreCivic, Inc. (NYSE:CXW) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 16,899 shares of the real estate investment trust’s stock, valued at approximately $367,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CXW. GAMMA Investing LLC grew its position in CoreCivic by 25.5% in the fourth quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 953 shares during the last quarter. KBC Group NV boosted its stake 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 acquiring an additional 1,995 shares in the last quarter. Chesapeake Capital Corp IL acquired a new position in shares of CoreCivic in the 3rd quarter worth $139,000. Tidal Investments LLC acquired a new stake in shares of CoreCivic during the third quarter worth $139,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of CoreCivic during the third quarter valued at $144,000. 85.13% of the stock is currently owned by institutional investors.

CoreCivic Trading Down 3.0 %

Shares of NYSE CXW opened at $18.20 on Tuesday. 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, Inc. has a one year low of $10.74 and a one year high of $24.99. The business has a 50-day moving average price of $20.61 and a two-hundred day moving average price of $17.80. The firm has a market capitalization of $1.98 billion, a PE ratio of 29.84 and a beta of 1.00.

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

Analysts Set New Price Targets

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

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.