Corecivic Inc (CXW) Position Raised by M&T Bank Corp

M&T Bank Corp boosted its position in shares of Corecivic Inc (NYSE:CXW) by 6.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 103,496 shares of the real estate investment trust’s stock after buying an additional 5,961 shares during the quarter. M&T Bank Corp owned approximately 0.09% of Corecivic worth $2,330,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of CXW. Advisory Services Network LLC raised its holdings in Corecivic by 115.0% during the 2nd quarter. Advisory Services Network LLC now owns 4,093 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 2,189 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in Corecivic by 152.7% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,818 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 3,516 shares during the last quarter. Lourd Capital LLC bought a new stake in Corecivic during the 4th quarter valued at $201,000. Raymond James Financial Services Advisors Inc. raised its holdings in Corecivic by 8.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 8,272 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 629 shares during the last quarter. Finally, Alps Advisors Inc. bought a new stake in Corecivic during the 3rd quarter valued at $228,000. Institutional investors own 82.33% of the company’s stock.

Corecivic Inc (NYSE:CXW) opened at $21.31 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.13 and a quick ratio of 1.10. Corecivic Inc has a 1-year low of $19.59 and a 1-year high of $35.33. The company has a market cap of $2,537.84, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 1.60 and a beta of 0.85.

A number of equities research analysts recently commented on CXW shares. SunTrust Banks reiterated a “buy” rating and set a $37.00 price target on shares of Corecivic in a report on Friday, November 10th. Zacks Investment Research lowered shares of Corecivic from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Finally, ValuEngine lowered shares of Corecivic from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $32.75.

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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.

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Institutional Ownership by Quarter for Corecivic (NYSE:CXW)

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