Gotham Asset Management LLC Trims Position in CoreCivic, Inc. (NYSE:CXW)

Gotham Asset Management LLC lowered its position in CoreCivic, Inc. (NYSE:CXW - Free Report) by 53.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,938 shares of the real estate investment trust's stock after selling 12,345 shares during the period. Gotham Asset Management LLC's holdings in CoreCivic were worth $238,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in CoreCivic in the fourth quarter valued at approximately $43,000. Smartleaf Asset Management LLC boosted its position in CoreCivic by 318.9% in 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 in the last quarter. Russell Investments Group Ltd. boosted its position in 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 in the last quarter. KBC Group NV boosted its position in CoreCivic by 57.3% in the 4th quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust's stock worth $119,000 after purchasing an additional 1,995 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in CoreCivic in the 4th quarter worth approximately $155,000. Hedge funds and other institutional investors own 85.13% of the company's stock.

Insider Activity

In related news, COO Patrick D. Swindle sold 23,000 shares of the stock in a transaction 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 transaction, the chief operating officer now directly owns 241,630 shares of the company's stock, valued at approximately $5,410,095.70. This represents a 8.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lucibeth Mayberry sold 75,000 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $21.49, for a total value of $1,611,750.00. Following the completion of the transaction, the executive vice president now directly owns 211,232 shares of the company's stock, valued at approximately $4,539,375.68. This represents a 26.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 180,246 shares of company stock worth $3,974,455 in the last quarter. Corporate insiders own 2.30% of the company's stock.

CoreCivic Price Performance

Shares of NYSE:CXW traded up $0.33 during midday trading on Tuesday, reaching $22.44. 957,813 shares of the company's stock traded hands, compared to its average volume of 1,157,821. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99. The company has a market cap of $2.45 billion, a P/E ratio of 36.79 and a beta of 0.79. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.51 and a current ratio of 1.57. The company has a fifty day simple moving average of $21.49 and a two-hundred day simple moving average of $21.04.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.10. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. The firm had revenue of $488.60 million for the quarter, compared to analyst estimates of $478.49 million. During the same quarter last year, the firm posted $0.46 EPS. The business's revenue was down 2.4% on a year-over-year basis. Equities analysts predict that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CXW has been the topic of several recent research reports. Wedbush restated an "outperform" rating and issued a $30.00 price objective on shares of CoreCivic in a research report on Tuesday, February 11th. Wall Street Zen upgraded CoreCivic from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Noble Financial upgraded CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 12th.

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.