Corecivic Inc (CXW) Holdings Trimmed by LSV Asset Management

LSV Asset Management lessened its holdings in shares of Corecivic Inc (NYSE:CXW) by 80.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,500 shares of the real estate investment trust’s stock after selling 323,300 shares during the quarter. LSV Asset Management owned 0.06% of Corecivic worth $1,721,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Kornitzer Capital Management Inc. KS grew its stake in Corecivic by 7.8% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 558,650 shares of the real estate investment trust’s stock valued at $12,570,000 after purchasing an additional 40,230 shares in the last quarter. Chicago Equity Partners LLC grew its stake in Corecivic by 66.3% during the 4th quarter. Chicago Equity Partners LLC now owns 223,455 shares of the real estate investment trust’s stock valued at $5,028,000 after purchasing an additional 89,104 shares in the last quarter. Twin Capital Management Inc. grew its stake in Corecivic by 6.9% during the 4th quarter. Twin Capital Management Inc. now owns 72,350 shares of the real estate investment trust’s stock valued at $1,628,000 after purchasing an additional 4,650 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Corecivic by 13.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,451,950 shares of the real estate investment trust’s stock valued at $32,669,000 after purchasing an additional 176,175 shares in the last quarter. Finally, Lourd Capital LLC acquired a new stake in Corecivic during the 4th quarter valued at approximately $201,000. Hedge funds and other institutional investors own 82.33% of the company’s stock.

CXW has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Corecivic from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, January 9th. ValuEngine lowered Corecivic from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Corecivic presently has an average rating of “Hold” and an average target price of $33.25.

Corecivic Inc (NYSE:CXW) opened at $21.66 on Thursday. The company has a market capitalization of $2,560.00, a P/E ratio of 12.97, a PEG ratio of 1.50 and a beta of 0.85. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.10 and a quick ratio of 1.10. Corecivic Inc has a 12-month low of $19.59 and a 12-month high of $35.33.

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About Corecivic

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.

Institutional Ownership by Quarter for Corecivic (NYSE:CXW)

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