CoreCivic, Inc. (NYSE:CXW) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC raised its holdings in CoreCivic, Inc. (NYSE:CXW - Free Report) by 476.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 299,706 shares of the real estate investment trust's stock after purchasing an additional 247,690 shares during the quarter. Janus Henderson Group PLC owned 0.27% of CoreCivic worth $6,516,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of CoreCivic during the 4th quarter worth about $43,000. Smartleaf Asset Management LLC increased its position in shares of CoreCivic by 318.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 1,859 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of 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 valued at $94,000 after acquiring an additional 4,315 shares during the period. KBC Group NV raised its stake in shares of CoreCivic by 57.3% in the 4th quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust's stock valued at $119,000 after acquiring an additional 1,995 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of CoreCivic in the 4th quarter worth approximately $155,000. Institutional investors and hedge funds own 85.13% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on CXW shares. Noble Financial upgraded 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 CoreCivic from a "hold" rating to a "buy" rating in a research note on Friday, May 16th.

CoreCivic Stock Up 0.7%

Shares of CXW traded up $0.15 during mid-day trading on Thursday, hitting $22.50. 423,450 shares of the company's stock were exchanged, compared to its average volume of 1,153,626. The stock's 50-day moving average is $21.33 and its 200-day moving average is $20.89. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.51 and a current ratio of 1.57. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 36.90 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, topping the consensus estimate of $0.35 by $0.10. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. The firm had revenue of $488.60 million for the quarter, compared to the consensus estimate of $478.49 million. During the same period in the prior year, the firm earned $0.46 EPS. The firm's revenue for the quarter was down 2.4% on a year-over-year basis. On average, sell-side analysts anticipate that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Lucibeth Mayberry sold 75,000 shares of CoreCivic stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $21.49, for a total transaction of $1,611,750.00. Following the completion of the sale, the executive vice president now directly owns 211,232 shares of the company's stock, valued at approximately $4,539,375.68. The trade was a 26.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anthony L. Grande sold 10,000 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $22.22, for a total transaction of $222,200.00. Following the transaction, the executive vice president now owns 180,559 shares of the company's stock, valued at approximately $4,012,020.98. The trade was a 5.25% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.

CoreCivic 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.