CoreCivic, Inc. (NYSE:CXW) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 78.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 20,631 shares of the real estate investment trust’s stock after selling 76,486 shares during the period. Victory Capital Management Inc.’s holdings in CoreCivic were worth $449,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CXW. Nisa Investment Advisors LLC boosted its position in shares of CoreCivic by 13,071.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 253,147 shares of the real estate investment trust’s stock worth $5,503,000 after purchasing an additional 251,225 shares during the period. Invenomic Capital Management LP boosted its position in shares of CoreCivic by 28.7% during the 3rd quarter. Invenomic Capital Management LP now owns 1,026,050 shares of the real estate investment trust’s stock worth $12,980,000 after purchasing an additional 228,803 shares during the period. Point72 Asset Management L.P. purchased a new position in CoreCivic in the 3rd quarter valued at approximately $2,810,000. Weiss Asset Management LP boosted its position in CoreCivic by 74.3% in the 3rd quarter. Weiss Asset Management LP now owns 498,690 shares of the real estate investment trust’s stock valued at $6,308,000 after buying an additional 212,569 shares during the period. Finally, FMR LLC boosted its position in CoreCivic by 3.8% in the 3rd quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock valued at $64,739,000 after buying an additional 186,310 shares during the period. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages 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. StockNews.com raised shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Finally, Wedbush reissued an “outperform” rating and issued a $30.00 price target on shares of CoreCivic in a research report on Tuesday, February 11th.

CoreCivic Price Performance

CoreCivic stock opened at $20.00 on Friday. The stock has a market cap of $2.18 billion, a P/E ratio of 32.78 and a beta of 1.02. The company has a fifty day simple moving average of $19.87 and a 200-day simple moving average of $18.41. 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 released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (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%. Equities analysts expect that CoreCivic, Inc. will post 1.5 EPS for the current fiscal 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.