Charles Schwab Investment Management Inc. Sells 103,666 Shares of CoreCivic, Inc. (NYSE:CXW)

Charles Schwab Investment Management Inc. decreased its holdings in shares of CoreCivic, Inc. (NYSE:CXW) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,377,649 shares of the real estate investment trust’s stock after selling 103,666 shares during the period. Charles Schwab Investment Management Inc.’s holdings in CoreCivic were worth $51,690,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Smartleaf Asset Management LLC increased 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 in the last quarter. Wakefield Asset Management LLLP purchased a new stake in shares of CoreCivic during the fourth quarter valued at approximately $1,068,000. Versor Investments LP purchased a new stake in shares of CoreCivic during the fourth quarter valued at approximately $263,000. Los Angeles Capital Management LLC purchased a new stake in shares of CoreCivic during the fourth quarter valued at approximately $367,000. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of CoreCivic by 55.2% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 38,264 shares of the real estate investment trust’s stock valued at $832,000 after buying an additional 13,617 shares during the last quarter. Institutional investors own 85.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. StockNews.com upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Wedbush restated an “outperform” rating and issued a $30.00 target price on shares of CoreCivic in a report on Tuesday, February 11th. Finally, Noble Financial upgraded shares of CoreCivic from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 12th.

CoreCivic Trading Down 1.2 %

Shares of CXW stock opened at $19.86 on Friday. 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. The firm’s 50 day moving average is $20.17 and its 200 day moving average is $18.09. The stock has a market capitalization of $2.16 billion, a P/E ratio of 32.55 and a beta of 1.02.

CoreCivic (NYSE:CXW) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share 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%. Research analysts expect that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

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.