Ameriprise Financial Inc. trimmed its position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 258,208 shares of the real estate investment trust's stock after selling 26,311 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.23% of CoreCivic worth $5,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in CoreCivic during the fourth quarter valued at approximately $43,000. Smartleaf Asset Management LLC increased its stake in shares of CoreCivic by 318.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 1,859 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of CoreCivic by 86,300.0% during 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 last quarter. KBC Group NV raised its holdings in shares of CoreCivic by 57.3% during the 4th quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust's stock valued at $119,000 after purchasing an additional 1,995 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of CoreCivic in the 4th quarter valued at $155,000. 85.13% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages recently issued reports on CXW. Wall Street Zen upgraded shares of CoreCivic from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Wedbush reaffirmed an "outperform" rating and issued a $30.00 price target on shares of CoreCivic in a research report on Tuesday, February 11th. Finally, Noble Financial raised CoreCivic from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 12th.
Read Our Latest Analysis on CXW
Insider Transactions at CoreCivic
In other CoreCivic news, EVP Anthony L. Grande sold 10,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $22.22, for a total value of $222,200.00. Following the completion of the transaction, the executive vice president now owns 180,559 shares of the company's stock, valued at $4,012,020.98. This represents a 5.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Damon T. Hininger sold 72,246 shares of CoreCivic stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $22.50, for a total value of $1,625,535.00. Following the sale, the chief executive officer now directly owns 879,324 shares in the company, valued at $19,784,790. The trade was a 7.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 180,246 shares of company stock worth $3,974,455. Insiders own 2.30% of the company's stock.
CoreCivic Stock Performance
Shares of NYSE CXW traded up $0.02 during trading hours on Thursday, hitting $21.91. 504,682 shares of the stock were exchanged, compared to its average volume of 1,158,727. CoreCivic, Inc. has a one year low of $10.74 and a one year high of $24.99. The company's 50 day moving average is $21.56 and its 200 day moving average is $21.03. 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 firm has a market capitalization of $2.39 billion, a P/E ratio of 35.92 and a beta of 0.79.
CoreCivic (NYSE:CXW - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.10. The company had revenue of $488.60 million during the quarter, compared to analysts' expectations of $478.49 million. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. The business's quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 earnings per share. On average, research analysts expect that CoreCivic, Inc. will post 1.5 EPS for the current year.
About CoreCivic
(
Free Report)
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.
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