Nisa Investment Advisors LLC Sells 158,033 Shares of CoreCivic, Inc. (NYSE:CXW)

Nisa Investment Advisors LLC decreased its stake in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 62.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,114 shares of the real estate investment trust's stock after selling 158,033 shares during the period. Nisa Investment Advisors LLC owned 0.09% of CoreCivic worth $1,930,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CXW. Hourglass Capital LLC lifted its holdings in shares of CoreCivic by 34.4% during the 1st quarter. Hourglass Capital LLC now owns 163,170 shares of the real estate investment trust's stock valued at $3,311,000 after acquiring an additional 41,790 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of CoreCivic by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 547,061 shares of the real estate investment trust's stock valued at $11,100,000 after acquiring an additional 12,374 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of CoreCivic by 89.6% during the 1st quarter. Teacher Retirement System of Texas now owns 399,537 shares of the real estate investment trust's stock valued at $8,107,000 after acquiring an additional 188,778 shares in the last quarter. Woodmont Investment Counsel LLC acquired a new position in shares of CoreCivic during the 1st quarter valued at $514,000. Finally, Fortitude Advisory Group L.L.C. acquired a new position in shares of CoreCivic during the 1st quarter valued at $307,000. Institutional investors and hedge funds own 85.13% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CXW. Wall Street Zen downgraded shares of CoreCivic from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Wedbush restated an "outperform" rating and issued a $38.00 target price on shares of CoreCivic in a research note on Wednesday, June 11th.

CoreCivic Stock Performance

Shares of CXW stock traded down $0.03 during trading hours on Thursday, reaching $21.37. The stock had a trading volume of 1,087,811 shares, compared to its average volume of 1,123,141. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.55. CoreCivic, Inc. has a twelve month low of $11.82 and a twelve month high of $24.99. The firm has a 50-day simple moving average of $21.57 and a 200-day simple moving average of $20.96. The firm has a market capitalization of $2.33 billion, a PE ratio of 28.12 and a beta of 0.77.

CoreCivic (NYSE:CXW - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.10. The business had revenue of $488.60 million for the quarter, compared to analysts' expectations of $478.49 million. CoreCivic had a net margin of 4.33% and a return on equity of 5.75%. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 EPS. As a group, equities analysts forecast that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

Insider Buying and Selling

In other CoreCivic news, COO Patrick D. Swindle sold 23,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were 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 directly owned 241,630 shares in the company, valued at $5,410,095.70. This trade represents a 8.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Damon T. Hininger sold 72,246 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer owned 879,324 shares of the company's stock, valued at approximately $19,784,790. This represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 184,246 shares of company stock worth $4,061,215. 2.30% of the stock is owned by insiders.

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.