Nisa Investment Advisors LLC Has $1.93 Million Stock Position in CoreCivic, Inc. (NYSE:CXW)

Nisa Investment Advisors LLC lessened its holdings in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 62.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,114 shares of the real estate investment trust's stock after selling 158,033 shares during the quarter. Nisa Investment Advisors LLC owned approximately 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 the business. Hourglass Capital LLC increased 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 worth $3,311,000 after acquiring an additional 41,790 shares during the last quarter. Principal Financial Group Inc. boosted its position in CoreCivic by 2.3% during 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 purchasing an additional 12,374 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of CoreCivic by 89.6% in the first 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 purchasing an additional 188,778 shares during the last quarter. Woodmont Investment Counsel LLC bought a new position in shares of CoreCivic in the first quarter valued at about $514,000. Finally, Fortitude Advisory Group L.L.C. bought a new position in shares of CoreCivic in the first quarter valued at about $307,000. Institutional investors own 85.13% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on CXW shares. Wedbush reiterated an "outperform" rating and issued a $38.00 price target on shares of CoreCivic in a research note on Wednesday, June 11th. Wall Street Zen downgraded CoreCivic from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th.

CoreCivic Stock Performance

Shares of CoreCivic stock traded up $0.12 during trading on Monday, reaching $22.06. The company's stock had a trading volume of 986,003 shares, compared to its average volume of 1,129,370. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.66. The business's 50-day moving average price is $21.66 and its 200-day moving average price is $20.95. CoreCivic, Inc. has a 52 week low of $11.81 and a 52 week high of $24.99. The firm has a market cap of $2.41 billion, a PE ratio of 29.03 and a beta of 0.77.

CoreCivic (NYSE:CXW - Get Free Report) last issued its quarterly earnings data 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 4.33% and a return on equity of 5.75%. The business had revenue of $488.60 million during the quarter, compared to analysts' expectations of $478.49 million. During the same quarter in the previous year, the company earned $0.46 EPS. The business's revenue was down 2.4% on a year-over-year basis. Equities analysts forecast that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

Insider Buying and Selling at CoreCivic

In related 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 value of $1,625,535.00. Following the completion of the transaction, the chief executive officer owned 879,324 shares of the company's stock, valued at $19,784,790. The trade was 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 through this link. Also, Director Stacia Hylton sold 4,000 shares of the company's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $21.69, for a total transaction of $86,760.00. Following the sale, the director directly owned 82,969 shares of the company's stock, valued at $1,799,597.61. This represents a 4.60% 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 valued at $4,061,215 over the last ninety days. 2.30% of the stock is owned by corporate insiders.

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.