PharVision Advisers LLC Acquires Shares of 40,426 CoreCivic, Inc. (NYSE:CXW)

PharVision Advisers LLC bought a new position in CoreCivic, Inc. (NYSE:CXW - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 40,426 shares of the real estate investment trust's stock, valued at approximately $879,000. CoreCivic comprises about 0.7% of PharVision Advisers LLC's portfolio, making the stock its 4th largest position.

A number of other large investors also recently modified their holdings of CXW. Meeder Asset Management Inc. acquired a new position in shares of CoreCivic during the 4th quarter worth about $43,000. Smartleaf Asset Management LLC raised its holdings in CoreCivic by 318.9% in 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. raised its holdings in CoreCivic by 86,300.0% in the fourth 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 during the period. KBC Group NV boosted its position in shares of CoreCivic by 57.3% during the fourth 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 position in shares of CoreCivic in the 4th quarter valued at $155,000. 85.13% of the stock is currently owned by institutional investors and hedge funds.

CoreCivic Stock Down 1.3%

NYSE CXW traded down $0.29 during trading on Monday, hitting $22.11. The stock had a trading volume of 568,309 shares, compared to its average volume of 1,158,624. CoreCivic, Inc. has a 12 month low of $10.74 and a 12 month high of $24.99. The company's 50-day moving average price is $21.42 and its two-hundred day moving average price is $21.03. The company has a market capitalization of $2.41 billion, a PE ratio of 36.24 and a beta of 0.79. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.51 and a current ratio of 1.57.

CoreCivic (NYSE:CXW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.10. CoreCivic had a return on equity of 5.97% and a net margin of 3.51%. The firm had revenue of $488.60 million during the quarter, compared to the consensus estimate of $478.49 million. During the same period last year, the company earned $0.46 earnings per share. The business's revenue was down 2.4% compared to the same quarter last year. As a group, sell-side analysts forecast that CoreCivic, Inc. will post 1.5 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Transactions at CoreCivic

In other CoreCivic news, COO Patrick D. Swindle sold 23,000 shares of CoreCivic stock in a transaction 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 transaction, the chief operating officer now directly owns 241,630 shares of the company's stock, valued at $5,410,095.70. The trade was a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Anthony L. Grande sold 10,000 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $22.22, for a total transaction of $222,200.00. Following the completion of the transaction, the executive vice president now owns 180,559 shares in the company, valued at approximately $4,012,020.98. This represents a 5.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 180,246 shares of company stock worth $3,974,455 in the last ninety days. Insiders own 2.30% of the company's stock.

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.