Diversified Trust Co Sells 10,656 Shares of CoreCivic, Inc. (NYSE:CXW)


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Diversified Trust Co trimmed its position in shares of CoreCivic, Inc. (NYSE:CXW) by 26.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 30,219 shares of the real estate investment trust’s stock after selling 10,656 shares during the period. Diversified Trust Co’s holdings in CoreCivic were worth $198,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its position in shares of CoreCivic by 25.2% in the 3rd quarter. BlackRock Inc. now owns 17,743,591 shares of the real estate investment trust’s stock worth $141,950,000 after purchasing an additional 3,570,933 shares in the last quarter. FMR LLC boosted its position in shares of CoreCivic by 8.4% in the 2nd quarter. FMR LLC now owns 2,221,352 shares of the real estate investment trust’s stock worth $20,792,000 after purchasing an additional 172,401 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of CoreCivic by 61.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,056,975 shares of the real estate investment trust’s stock worth $16,456,000 after purchasing an additional 781,694 shares in the last quarter. Ranger Global Real Estate Advisors LLC boosted its position in shares of CoreCivic by 39.0% in the 3rd quarter. Ranger Global Real Estate Advisors LLC now owns 1,836,960 shares of the real estate investment trust’s stock worth $14,696,000 after purchasing an additional 515,439 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of CoreCivic by 39.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,681,445 shares of the real estate investment trust’s stock worth $15,739,000 after purchasing an additional 476,953 shares in the last quarter. 73.22% of the stock is currently owned by institutional investors and hedge funds.

Separately, BidaskClub cut CoreCivic from a “hold” rating to a “sell” rating in a research report on Tuesday, January 5th. Three analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. CoreCivic has an average rating of “Hold” and an average price target of $20.00.

Shares of NYSE CXW opened at $6.87 on Thursday. CoreCivic, Inc. has a twelve month low of $5.76 and a twelve month high of $17.90. The firm has a market cap of $821.89 million, a P/E ratio of 6.74 and a beta of 1.23. The company has a 50 day moving average of $7.22 and a 200 day moving average of $8.07. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.42.

CoreCivic (NYSE:CXW) last announced its quarterly earnings data on Wednesday, November 4th. The real estate investment trust reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. CoreCivic had a net margin of 6.37% and a return on equity of 10.03%. The company had revenue of $468.27 million during the quarter, compared to analyst estimates of $462.00 million. During the same period in the previous year, the business earned $0.70 EPS. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. As a group, equities analysts expect that CoreCivic, Inc. will post 2.14 earnings per share for the current fiscal year.

About CoreCivic

The Company is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. We provide a broad 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.

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Institutional Ownership by Quarter for CoreCivic (NYSE:CXW)

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