Principal Financial Group Inc. Has $11.10 Million Stake in CoreCivic, Inc. (NYSE:CXW)

Principal Financial Group Inc. lifted its stake in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 547,061 shares of the real estate investment trust's stock after acquiring an additional 12,374 shares during the quarter. Principal Financial Group Inc. owned about 0.50% of CoreCivic worth $11,100,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in shares of CoreCivic during the 4th quarter worth about $43,000. Copia Wealth Management bought a new stake in shares of CoreCivic during the 4th quarter worth about $82,000. Russell Investments Group Ltd. boosted its stake in CoreCivic by 86,300.0% during the 4th quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust's stock valued at $94,000 after purchasing an additional 4,315 shares during the period. GAMMA Investing LLC boosted its stake in CoreCivic by 10.0% during the 1st quarter. GAMMA Investing LLC now owns 5,156 shares of the real estate investment trust's stock valued at $105,000 after purchasing an additional 470 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in CoreCivic during the 4th quarter valued at approximately $155,000. Institutional investors own 85.13% of the company's stock.

Insider Transactions at CoreCivic

In other CoreCivic news, CEO Damon T. Hininger sold 72,246 shares of the company'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 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. This represents a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Patrick D. Swindle sold 23,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was 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 of the company's stock, valued at approximately $5,410,095.70. The trade was a 8.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 184,246 shares of company stock worth $4,061,215. 2.30% of the stock is currently owned by company insiders.

CoreCivic Stock Performance

NYSE:CXW traded down $0.03 during mid-day trading on Thursday, hitting $21.37. 1,087,811 shares of the company's stock traded hands, compared to its average volume of 1,123,141. The firm has a 50 day moving average of $21.57 and a two-hundred day moving average of $20.96. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 28.12 and a beta of 0.77. CoreCivic, Inc. has a 12 month low of $11.82 and a 12 month high of $24.99.

CoreCivic (NYSE:CXW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.45 EPS for the quarter, beating the consensus estimate of $0.35 by $0.10. The firm had revenue of $488.60 million during the quarter, compared to analysts' expectations of $478.49 million. CoreCivic had a return on equity of 5.75% and a net margin of 4.33%. The company's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 EPS. On average, equities analysts forecast that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CXW has been the subject of several recent analyst reports. Wall Street Zen downgraded CoreCivic from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Wedbush restated an "outperform" rating and set a $38.00 target price on shares of CoreCivic in a research note on Wednesday, June 11th.

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.