New Age Alpha Advisors LLC Makes New Investment in CoreCivic, Inc. (NYSE:CXW)

New Age Alpha Advisors LLC acquired a new stake in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 112,751 shares of the real estate investment trust's stock, valued at approximately $2,288,000. New Age Alpha Advisors LLC owned about 0.10% of CoreCivic as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CXW. Cooper Creek Partners Management LLC lifted 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 in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of CoreCivic by 7.3% in the 1st quarter. Allianz Asset Management GmbH now owns 1,622,800 shares of the real estate investment trust's stock valued at $32,927,000 after acquiring an additional 109,769 shares during the last quarter. Millennium Management LLC raised its holdings in shares of CoreCivic by 88.4% during the fourth quarter. Millennium Management LLC now owns 1,261,944 shares of the real estate investment trust's stock worth $27,435,000 after purchasing an additional 592,070 shares during the period. Northern Trust Corp boosted its stake in CoreCivic by 3.1% in the fourth quarter. Northern Trust Corp now owns 1,251,464 shares of the real estate investment trust's stock valued at $27,207,000 after acquiring an additional 37,639 shares during the period. Finally, Principal Financial Group Inc. increased its position in CoreCivic by 2.3% in the first quarter. Principal Financial Group Inc. now owns 547,061 shares of the real estate investment trust's stock worth $11,100,000 after buying an additional 12,374 shares during the period. Institutional investors and hedge funds own 85.13% of the company's stock.

CoreCivic Stock Up 2.3%

CXW stock traded up $0.45 during mid-day trading on Friday, hitting $20.45. The stock had a trading volume of 1,575,533 shares, compared to its average volume of 1,028,214. CoreCivic, Inc. has a 1-year low of $12.13 and a 1-year high of $24.99. The company has a fifty day moving average of $20.92 and a 200 day moving average of $20.70. The company has a current ratio of 1.60, a quick ratio of 1.55 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 21.76 and a beta of 0.80.

CoreCivic (NYSE:CXW - Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.59 EPS for the quarter, topping the consensus estimate of $0.43 by $0.16. CoreCivic had a net margin of 5.21% and a return on equity of 7.12%. The company had revenue of $538.17 million during the quarter, compared to the consensus estimate of $499.02 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities analysts expect that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

Insider Buying and Selling at CoreCivic

In related news, Director Stacia Hylton sold 4,000 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $21.69, for a total transaction of $86,760.00. Following the completion of the sale, the director directly owned 82,969 shares of the company's stock, valued at approximately $1,799,597.61. This represents a 4.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Damon T. Hininger sold 72,246 shares of CoreCivic stock in a transaction on 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 owned 879,324 shares in the company, valued at $19,784,790. This trade represents a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 184,246 shares of company stock worth $4,061,215 in the last 90 days. Company insiders own 2.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CXW. Wedbush reaffirmed an "outperform" rating and set a $38.00 target price on shares of CoreCivic in a report on Wednesday, June 11th. Jones Trading reiterated a "buy" rating and set a $30.00 price target on shares of CoreCivic in a report on Thursday. Finally, Wall Street Zen downgraded CoreCivic from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $33.33.

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.