CoreCivic, Inc. (NYSE:CXW) Stock Holdings Reduced by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its position in CoreCivic, Inc. (NYSE:CXW - Free Report) by 75.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millennium Management LLC increased its holdings in shares of CoreCivic by 88.4% during the 4th quarter. Millennium Management LLC now owns 1,261,944 shares of the real estate investment trust's stock valued at $27,435,000 after acquiring an additional 592,070 shares during the last quarter. Cooper Creek Partners Management LLC increased its holdings in shares of CoreCivic by 9.9% during the 4th quarter. Cooper Creek Partners Management LLC now owns 6,127,227 shares of the real estate investment trust's stock valued at $133,206,000 after acquiring an additional 553,336 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of CoreCivic during the 4th quarter valued at about $11,733,000. Forest Avenue Capital Management LP acquired a new position in shares of CoreCivic during the 4th quarter valued at about $11,205,000. Finally, Voloridge Investment Management LLC acquired a new position in shares of CoreCivic during the 4th quarter valued at about $11,194,000. Hedge funds and other institutional investors own 85.13% of the company's stock.

CoreCivic Price Performance

Shares of NYSE:CXW opened at $21.37 on Monday. The business has a 50 day moving average price of $21.71 and a 200 day moving average price of $20.92. CoreCivic, Inc. has a twelve month low of $11.82 and a twelve month high of $24.99. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 28.12 and a beta of 0.77. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.66.

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

Insider Buying and Selling

In other CoreCivic news, EVP Lucibeth Mayberry sold 75,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $21.49, for a total value of $1,611,750.00. Following the completion of the sale, the executive vice president owned 211,232 shares in the company, valued at approximately $4,539,375.68. This trade represents a 26.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Patrick D. Swindle sold 23,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $22.39, for a total value of $514,970.00. Following the completion of the sale, the chief operating officer owned 241,630 shares of the company's stock, valued at $5,410,095.70. This represents a 8.69% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 184,246 shares of company stock worth $4,061,215. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

About CoreCivic

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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