CoreCivic, Inc. $CXW Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in shares of CoreCivic, Inc. (NYSE:CXW) by 23.4% during the first quarter, Holdings Channel reports. The firm owned 486,981 shares of the real estate investment trust’s stock after selling 149,053 shares during the quarter. Principal Financial Group Inc.’s holdings in CoreCivic were worth $9,209,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in CoreCivic by 33.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,829 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 702 shares in the last quarter. Lazard Asset Management LLC raised its position in CoreCivic by 10.4% in the 2nd quarter. Lazard Asset Management LLC now owns 10,595 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 1,002 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of CoreCivic by 533.9% in the 4th quarter. NBC Securities Inc. now owns 1,458 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,228 shares during the period. PNC Financial Services Group Inc. grew its position in shares of CoreCivic by 4.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 31,370 shares of the real estate investment trust’s stock worth $599,000 after buying an additional 1,426 shares in the last quarter. Finally, Guidance Capital Inc. grew its position in shares of CoreCivic by 5.6% during the fourth quarter. Guidance Capital Inc. now owns 28,254 shares of the real estate investment trust’s stock worth $569,000 after buying an additional 1,505 shares in the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

CoreCivic Trading Down 0.2%

NYSE CXW opened at $31.28 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.44 and a quick ratio of 2.44. The firm’s fifty day moving average price is $27.32 and its 200 day moving average price is $22.16. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 25.43 and a beta of 0.57. CoreCivic, Inc. has a 12 month low of $15.73 and a 12 month high of $32.69.

Analyst Upgrades and Downgrades

CXW has been the topic of several analyst reports. Wall Street Zen raised shares of CoreCivic from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings raised shares of CoreCivic from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 1st. Northland Securities set a $40.00 price objective on shares of CoreCivic in a report on Friday, June 26th. Benchmark lifted their price objective on shares of CoreCivic from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Noble Financial lifted their price objective on shares of CoreCivic from $28.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, CoreCivic has a consensus rating of “Buy” and a consensus target price of $36.20.

About CoreCivic

CoreCivic, Inc (NYSE: CXW) is a real estate investment trust specializing in the ownership, management and operation of private correctional and detention facilities in the United States. The company enters into contracts with federal, state and local government agencies to house inmates and detainees in facilities that it owns or operates on a concession basis. In addition to traditional prison operations, CoreCivic provides specialized services such as community-based reentry programs, electronic monitoring and rehabilitation initiatives aimed at reducing recidivism.

CoreCivic’s portfolio encompasses a mix of adult correctional facilities, immigration detention centers, residential reentry centers and other community-based programs.