CoreCivic, Inc. (NYSE:CXW) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in CoreCivic, Inc. (NYSE:CXW - Free Report) by 2,132.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,615 shares of the real estate investment trust's stock after buying an additional 99,929 shares during the quarter. GAMMA Investing LLC owned 0.10% of CoreCivic worth $2,123,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Empowered Funds LLC purchased a new stake in CoreCivic in the 4th quarter worth $1,477,000. Principal Financial Group Inc. grew its position in shares of CoreCivic by 2.9% in the fourth 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 during the period. Allianz Asset Management GmbH increased its stake in shares of CoreCivic by 11.4% during the fourth quarter. Allianz Asset Management GmbH now owns 1,513,031 shares of the real estate investment trust's stock worth $32,893,000 after purchasing an additional 154,426 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in shares of CoreCivic by 55.2% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 38,264 shares of the real estate investment trust's stock worth $832,000 after purchasing an additional 13,617 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of CoreCivic during the 4th quarter worth about $367,000. 85.13% of the stock is owned by institutional investors and hedge funds.

CoreCivic Price Performance

Shares of NYSE CXW traded down $0.28 during mid-day trading on Tuesday, reaching $20.45. The company's stock had a trading volume of 793,147 shares, compared to its average volume of 1,134,492. The stock has a 50-day moving average of $21.94 and a two-hundred day moving average of $21.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market capitalization of $2.23 billion, a P/E ratio of 26.91 and a beta of 0.79. CoreCivic, Inc. has a 1-year low of $11.23 and a 1-year high of $24.99.

CoreCivic (NYSE:CXW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.10. CoreCivic had a net margin of 4.33% and a return on equity of 5.75%. The company had revenue of $488.60 million during the quarter, compared to analysts' expectations of $478.49 million. During the same quarter in the prior year, the company earned $0.46 EPS. CoreCivic's revenue was down 2.4% compared to the same quarter last year. On average, equities research analysts anticipate that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded CoreCivic from a "hold" rating to a "buy" rating in a report on Monday, June 9th. Wedbush restated an "outperform" rating and issued a $38.00 target price on shares of CoreCivic in a research report on Wednesday, June 11th.

Insider Activity at CoreCivic

In other news, EVP Lucibeth Mayberry sold 75,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $21.49, for a total transaction of $1,611,750.00. Following the transaction, the executive vice president now owns 211,232 shares of the company's stock, valued at approximately $4,539,375.68. The trade was a 26.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stacia Hylton sold 4,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $21.69, for a total transaction of $86,760.00. Following the sale, the director now owns 82,969 shares of the company's stock, valued at approximately $1,799,597.61. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 184,246 shares of company stock valued at $4,061,215. 2.30% of the stock is currently owned by insiders.

CoreCivic Company 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.