PharVision Advisers LLC Takes $879,000 Position in CoreCivic, Inc. (NYSE:CXW)

PharVision Advisers LLC bought a new stake in CoreCivic, Inc. (NYSE:CXW - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 40,426 shares of the real estate investment trust's stock, valued at approximately $879,000. CoreCivic accounts for 0.7% of PharVision Advisers LLC's holdings, making the stock its 4th largest holding.

Several other large investors also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in CoreCivic in the fourth quarter worth approximately $43,000. Smartleaf Asset Management LLC raised 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 worth $53,000 after purchasing an additional 1,859 shares during the period. Russell Investments Group Ltd. lifted its holdings 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 worth $94,000 after purchasing an additional 4,315 shares in the last quarter. KBC Group NV lifted its holdings 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 worth $119,000 after purchasing an additional 1,995 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in CoreCivic in the 4th quarter valued at $155,000. 85.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CoreCivic

In other CoreCivic news, EVP Anthony L. Grande sold 10,000 shares of the business's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $22.22, for a total value of $222,200.00. Following the transaction, the executive vice president now directly owns 180,559 shares in the company, valued at $4,012,020.98. The trade was a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lucibeth Mayberry sold 75,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 211,232 shares of the company's stock, valued at $4,539,375.68. This represents a 26.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.30% of the company's stock.

CoreCivic Trading Down 0.6%

Shares of CoreCivic stock opened at $22.58 on Wednesday. The company has a market capitalization of $2.46 billion, a P/E ratio of 37.02 and a beta of 0.79. The stock has a fifty day simple moving average of $21.28 and a 200 day simple moving average of $20.88. CoreCivic, Inc. has a 12-month low of $10.74 and a 12-month high of $24.99. The company has a current ratio of 1.57, a quick ratio of 1.51 and a debt-to-equity ratio of 0.65.

CoreCivic (NYSE:CXW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 previous year, the firm earned $0.46 EPS. The business's revenue for the quarter was down 2.4% compared to the same quarter last year. On average, sell-side analysts anticipate that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CXW shares. StockNews.com upgraded shares of CoreCivic from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Noble Financial raised shares of CoreCivic from a "market perform" rating to an "outperform" rating in a research report on Wednesday, February 12th. Finally, Wedbush restated an "outperform" rating and issued a $30.00 target price on shares of CoreCivic in a report on Tuesday, February 11th.

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.

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