Sapience Investments LLC grew its holdings in shares of Corecivic Inc (NYSE:CXW) by 23.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 428,610 shares of the real estate investment trust’s stock after acquiring an additional 82,680 shares during the period. Sapience Investments LLC owned about 0.36% of Corecivic worth $9,644,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in CXW. Arrowstreet Capital Limited Partnership bought a new position in shares of Corecivic during the fourth quarter valued at $13,036,000. Wells Fargo & Company MN raised its stake in shares of Corecivic by 109.7% during the fourth quarter. Wells Fargo & Company MN now owns 890,404 shares of the real estate investment trust’s stock valued at $20,034,000 after acquiring an additional 465,857 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Corecivic during the fourth quarter valued at $8,672,000. Renaissance Technologies LLC raised its stake in shares of Corecivic by 23.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,763,703 shares of the real estate investment trust’s stock valued at $39,683,000 after acquiring an additional 337,600 shares during the last quarter. Finally, Ascend Capital LLC bought a new position in shares of Corecivic during the fourth quarter valued at $7,532,000. 79.84% of the stock is owned by hedge funds and other institutional investors.
Shares of Corecivic Inc (NYSE:CXW) opened at $21.52 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.99. The company has a market cap of $2,543.75, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 1.61 and a beta of 0.91. Corecivic Inc has a twelve month low of $19.59 and a twelve month high of $35.10.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Corecivic from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Deutsche Bank dropped their price target on shares of Corecivic from $35.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Finally, ValuEngine downgraded shares of Corecivic from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $32.75.
In related news, Director Mark A. Emkes purchased 5,000 shares of Corecivic stock in a transaction on Friday, March 2nd. The stock was acquired at an average cost of $21.17 per share, for a total transaction of $105,850.00. Following the completion of the acquisition, the director now owns 56,488 shares of the company’s stock, valued at approximately $1,195,850.96. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.
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CoreCivic, Inc, formerly Corrections Corporation of America, is a diversified government solutions company. The Company provides partnership correctional, detention and residential reentry facilities and operates prison in the United States. The Company’s business offerings include CoreCivic Safety, CoreCivic Properties, and CoreCivic Community.
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