Gotham Asset Management LLC Has $238,000 Holdings in CoreCivic, Inc. (NYSE:CXW)

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC boosted its position in shares of CoreCivic by 312.4% during the third quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust's stock worth $2,331,000 after buying an additional 139,631 shares during the period. Nisa Investment Advisors LLC boosted its position in CoreCivic by 13,071.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 253,147 shares of the real estate investment trust's stock worth $5,503,000 after acquiring an additional 251,225 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of CoreCivic by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 57,312 shares of the real estate investment trust's stock worth $1,246,000 after purchasing an additional 1,450 shares in the last quarter. KBC Group NV grew its stake in shares of CoreCivic by 57.3% in the fourth 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, EMC Capital Management increased its holdings in shares of CoreCivic by 437.6% during the fourth quarter. EMC Capital Management now owns 17,333 shares of the real estate investment trust's stock valued at $377,000 after purchasing an additional 14,109 shares during the period. Institutional investors and hedge funds own 85.13% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CXW shares. Noble Financial raised shares of CoreCivic from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 12th. Wedbush restated an "outperform" rating and set a $30.00 price target on shares of CoreCivic in a research report on Tuesday, February 11th. Finally, Wall Street Zen raised shares of CoreCivic from a "hold" rating to a "buy" rating in a research note on Saturday.

CoreCivic Price Performance

Shares of CXW stock traded up $0.12 during mid-day trading on Tuesday, hitting $22.23. 87,695 shares of the stock traded hands, compared to its average volume of 1,154,392. CoreCivic, Inc. has a twelve month low of $10.74 and a twelve month high of $24.99. 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's 50-day simple moving average is $21.45 and its 200-day simple moving average is $21.03. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 36.43 and a beta of 0.79.

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 5.97% and a net margin of 3.51%. The business had revenue of $488.60 million during the quarter, compared to analysts' expectations of $478.49 million. During the same quarter last year, the business posted $0.46 earnings per share. The company's quarterly revenue was down 2.4% on a year-over-year basis. As a group, equities research analysts expect that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

Insider Transactions at CoreCivic

In related news, CEO Damon T. Hininger sold 72,246 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $22.50, for a total transaction of $1,625,535.00. Following the completion of the sale, the chief executive officer now directly owns 879,324 shares of the company's stock, valued at $19,784,790. This represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Anthony L. Grande sold 10,000 shares of the company's stock in a transaction on Monday, May 19th. The shares were 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 directly owns 180,559 shares in the company, valued at $4,012,020.98. This represents a 5.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 180,246 shares of company stock valued at $3,974,455 in the last quarter. Insiders own 2.30% of the company's stock.

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.