Man Group plc Buys New Shares in CoreCivic, Inc. (NYSE:CXW)

Man Group plc acquired a new position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 112,939 shares of the real estate investment trust's stock, valued at approximately $2,455,000. Man Group plc owned 0.10% of CoreCivic at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Barclays PLC raised its stake in shares of CoreCivic by 312.4% in the 3rd quarter. Barclays PLC now owns 184,332 shares of the real estate investment trust's stock valued at $2,331,000 after purchasing an additional 139,631 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of 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 buying an additional 251,225 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of CoreCivic by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 57,312 shares of the real estate investment trust's stock valued at $1,246,000 after acquiring an additional 1,450 shares in the last quarter. KBC Group NV boosted its position in CoreCivic by 57.3% during the fourth quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust's stock valued at $119,000 after purchasing an additional 1,995 shares during the last quarter. Finally, EMC Capital Management grew its stake in shares of CoreCivic by 437.6% in the fourth quarter. EMC Capital Management now owns 17,333 shares of the real estate investment trust's stock valued at $377,000 after buying an additional 14,109 shares in the last quarter. 85.13% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CoreCivic news, CEO Damon T. Hininger sold 72,246 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $22.50, for a total transaction of $1,625,535.00. Following the completion of the transaction, the chief executive officer now owns 879,324 shares of the company's stock, valued at approximately $19,784,790. The trade was a 7.59% decrease in their ownership of the stock. 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 shares were sold at an average price of $22.39, for a total transaction of $514,970.00. Following the completion of the sale, the chief operating officer now owns 241,630 shares in the company, valued at $5,410,095.70. This represents a 8.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 180,246 shares of company stock worth $3,974,455 over the last three months. Insiders own 2.30% of the company's stock.

CoreCivic Price Performance

Shares of NYSE CXW traded down $0.25 during midday trading on Wednesday, reaching $22.18. The company's stock had a trading volume of 86,566 shares, compared to its average volume of 1,153,589. 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 market cap of $2.42 billion, a P/E ratio of 36.37 and a beta of 0.79. The business's 50 day moving average price is $21.49 and its two-hundred day moving average price is $21.04. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $24.99.

CoreCivic (NYSE:CXW - Get Free Report) last released its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.45 EPS for the quarter, beating 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 analyst estimates of $478.49 million. During the same period last year, the firm earned $0.46 EPS. The business's quarterly revenue was down 2.4% compared to the same quarter last year. On average, analysts forecast that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.