Charles Schwab Investment Management Inc. Sells 156,905 Shares of CoreCivic, Inc. $CXW

Charles Schwab Investment Management Inc. cut its holdings in CoreCivic, Inc. (NYSE:CXW - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,220,744 shares of the real estate investment trust's stock after selling 156,905 shares during the quarter. Charles Schwab Investment Management Inc. owned 2.03% of CoreCivic worth $45,059,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Copia Wealth Management purchased a new stake in CoreCivic during the fourth quarter valued at approximately $82,000. Russell Investments Group Ltd. lifted its position in shares of CoreCivic by 86,300.0% in the 4th quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust's stock worth $94,000 after purchasing an additional 4,315 shares during the period. GAMMA Investing LLC lifted its position in shares of CoreCivic by 10.0% during the first quarter. GAMMA Investing LLC now owns 5,156 shares of the real estate investment trust's stock valued at $105,000 after buying an additional 470 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of CoreCivic by 215.6% in the first quarter. Harbour Investments Inc. now owns 5,337 shares of the real estate investment trust's stock worth $108,000 after purchasing an additional 3,646 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its holdings in shares of CoreCivic by 29.6% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 9,250 shares of the real estate investment trust's stock valued at $187,000 after purchasing an additional 2,113 shares in the last quarter. Hedge funds and other institutional investors own 85.13% of the company's stock.

Insider Transactions at CoreCivic

In other CoreCivic news, Director Stacia Hylton sold 4,000 shares of CoreCivic stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $21.69, for a total value of $86,760.00. Following the completion of the transaction, the director directly owned 82,969 shares of the company's stock, valued at $1,799,597.61. The trade was a 4.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is currently owned by company insiders.

CoreCivic Stock Down 1.9%

CoreCivic stock traded down $0.39 during mid-day trading on Thursday, reaching $20.59. The stock had a trading volume of 378,454 shares, compared to its average volume of 1,114,788. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 21.92 and a beta of 0.80. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.60 and a quick ratio of 1.60. CoreCivic, Inc. has a one year low of $12.13 and a one year high of $24.99. The company has a 50-day moving average price of $20.73 and a two-hundred day moving average price of $20.68.

CoreCivic (NYSE:CXW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.59 EPS for the quarter, topping the consensus estimate of $0.43 by $0.16. CoreCivic had a return on equity of 7.12% and a net margin of 5.21%.The firm had revenue of $538.17 million for the quarter, compared to the consensus estimate of $499.02 million. During the same quarter last year, the company earned $0.42 earnings per share. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. On average, analysts expect that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CXW. Wedbush reaffirmed an "outperform" rating and set a $38.00 price objective on shares of CoreCivic in a research report on Wednesday, June 11th. Wall Street Zen raised shares of CoreCivic from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Finally, Jones Trading restated a "buy" rating and issued a $30.00 price target on shares of CoreCivic in a research report on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $33.33.

CoreCivic Profile

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.