Raymond James & Associates Has $6.32 Million Stock Position in CoreCivic, Inc. (NYSE:CXW)

Raymond James & Associates cut its stake in shares of CoreCivic, Inc. (NYSE:CXW – Get Rating) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 546,703 shares of the real estate investment trust’s stock after selling 12,699 shares during the period. Raymond James & Associates’ holdings in CoreCivic were worth $6,320,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Boston Partners acquired a new position in shares of CoreCivic during the 4th quarter worth about $19,800,000. Commonwealth Equity Services LLC increased its position in shares of CoreCivic by 19.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 24,318 shares of the real estate investment trust’s stock valued at $281,000 after buying an additional 3,887 shares in the last quarter. LPL Financial LLC lifted its holdings in CoreCivic by 7.1% during the fourth quarter. LPL Financial LLC now owns 18,253 shares of the real estate investment trust’s stock worth $211,000 after acquiring an additional 1,207 shares in the last quarter. ProShare Advisors LLC grew its stake in CoreCivic by 12.2% in the fourth quarter. ProShare Advisors LLC now owns 18,043 shares of the real estate investment trust’s stock valued at $209,000 after acquiring an additional 1,967 shares during the period. Finally, Bank of Montreal Can grew its stake in CoreCivic by 58.4% in the fourth quarter. Bank of Montreal Can now owns 17,406 shares of the real estate investment trust’s stock valued at $210,000 after acquiring an additional 6,416 shares during the period. Institutional investors own 80.87% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CXW. Wedbush dropped their price target on CoreCivic from $15.00 to $10.50 in a research report on Monday, May 8th. StockNews.com assumed coverage on shares of CoreCivic in a research report on Thursday. They set a “buy” rating for the company.

CoreCivic Stock Performance

Shares of CoreCivic stock opened at $8.86 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 8.95 and a beta of 0.93. CoreCivic, Inc. has a one year low of $7.84 and a one year high of $13.51. The stock’s 50-day moving average is $9.07 and its 200-day moving average is $10.47.

About CoreCivic

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CoreCivic, Inc operates as a government solutions company, which engages in the development and management of prisons and other correctional facilities. It operates through the following segments: Safety, Community, and Properties. The Safety segment consists of correctional and detention facilities.