Janney Montgomery Scott LLC Sells 33,633 Shares of CoreCivic, Inc. (NYSE:CXW)

Janney Montgomery Scott LLC trimmed its position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 75.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 10,689 shares of the real estate investment trust's stock after selling 33,633 shares during the quarter. Janney Montgomery Scott LLC's holdings in CoreCivic were worth $217,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ritholtz Wealth Management purchased a new stake in shares of CoreCivic during the 1st quarter valued at about $764,000. SG Americas Securities LLC boosted its holdings in shares of CoreCivic by 46.7% during the 1st quarter. SG Americas Securities LLC now owns 208,496 shares of the real estate investment trust's stock valued at $4,230,000 after acquiring an additional 66,402 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of CoreCivic by 10.0% during the 1st quarter. GAMMA Investing LLC now owns 5,156 shares of the real estate investment trust's stock valued at $105,000 after acquiring an additional 470 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of CoreCivic by 29.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 79,527 shares of the real estate investment trust's stock valued at $1,614,000 after acquiring an additional 18,036 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of CoreCivic by 11.5% during the 1st quarter. Versant Capital Management Inc now owns 94,018 shares of the real estate investment trust's stock valued at $1,908,000 after acquiring an additional 9,666 shares during the last quarter. 85.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CXW has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of CoreCivic from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Wedbush reaffirmed an "outperform" rating and set a $38.00 price target on shares of CoreCivic in a report on Wednesday, June 11th.

CoreCivic Stock Performance

Shares of NYSE:CXW traded down $0.09 during trading on Thursday, hitting $22.20. The company's stock had a trading volume of 722,642 shares, compared to its average volume of 1,128,475. The company has a 50-day moving average of $21.68 and a 200-day moving average of $20.96. CoreCivic, Inc. has a 12 month low of $11.82 and a 12 month high of $24.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 29.21 and a beta of 0.77.

CoreCivic (NYSE:CXW - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping 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 firm had revenue of $488.60 million for the quarter, compared to analysts' expectations of $478.49 million. During the same quarter in the prior year, the business earned $0.46 EPS. The business's quarterly revenue was down 2.4% on a year-over-year basis. On average, sell-side analysts expect that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

Insider Activity at CoreCivic

In other CoreCivic news, EVP Anthony L. Grande sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $22.22, for a total transaction of $222,200.00. Following the sale, the executive vice president owned 180,559 shares in the company, valued at approximately $4,012,020.98. This trade represents a 5.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stacia Hylton sold 4,000 shares of the firm's stock in a transaction that occurred on 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 owned 82,969 shares in the company, valued at approximately $1,799,597.61. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 184,246 shares of company stock worth $4,061,215 in the last 90 days. Insiders own 2.30% of the company's stock.

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.