Meeder Asset Management Inc. Takes Position in CoreCivic, Inc. (NYSE:CXW)

Meeder Asset Management Inc. bought a new stake in CoreCivic, Inc. (NYSE:CXW) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,972 shares of the real estate investment trust’s stock, valued at approximately $43,000.

Several other institutional investors and hedge funds have also made changes to their positions in CXW. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in CoreCivic by 47.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,459 shares of the real estate investment trust’s stock worth $2,447,000 after buying an additional 62,022 shares in the last quarter. Barclays PLC boosted its holdings in CoreCivic by 312.4% in the third quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust’s stock valued at $2,331,000 after purchasing an additional 139,631 shares during the last quarter. Allianz Asset Management GmbH grew its stake in CoreCivic by 11.4% during the 4th quarter. Allianz Asset Management GmbH now owns 1,513,031 shares of the real estate investment trust’s stock valued at $32,893,000 after purchasing an additional 154,426 shares in the last quarter. Empowered Funds LLC purchased a new stake in CoreCivic during the 4th quarter worth approximately $1,477,000. Finally, Principal Financial Group Inc. raised its position in shares of CoreCivic by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 534,687 shares of the real estate investment trust’s stock valued at $11,624,000 after purchasing an additional 14,892 shares in the last quarter. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CXW has been the subject of a number of research analyst reports. StockNews.com upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Noble Financial raised shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 12th. Finally, Wedbush reiterated an “outperform” rating and issued a $30.00 price target on shares of CoreCivic in a research note on Tuesday, February 11th.

CoreCivic Stock Up 1.4 %

CXW opened at $20.58 on Wednesday. CoreCivic, Inc. has a 12 month low of $10.74 and a 12 month high of $24.99. The stock’s 50 day moving average price is $19.60 and its 200 day moving average price is $18.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.51. The stock has a market cap of $2.24 billion, a P/E ratio of 33.73 and a beta of 1.02.

CoreCivic (NYSE:CXW) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. As a group, research analysts predict that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

About CoreCivic

CoreCivic, Inc owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a 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.