Rhumbline Advisers Sells 15,965 Shares of CoreCivic, Inc. (NYSE:CXW)

Rhumbline Advisers reduced its holdings in CoreCivic, Inc. (NYSE:CXW - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 309,505 shares of the real estate investment trust's stock after selling 15,965 shares during the quarter. Rhumbline Advisers owned about 0.28% of CoreCivic worth $6,280,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CXW. Cooper Creek Partners Management LLC raised its stake in shares of CoreCivic by 9.9% in the fourth quarter. Cooper Creek Partners Management LLC now owns 6,127,227 shares of the real estate investment trust's stock valued at $133,206,000 after acquiring an additional 553,336 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of CoreCivic by 11.4% in the fourth quarter. Allianz Asset Management GmbH now owns 1,513,031 shares of the real estate investment trust's stock valued at $32,893,000 after acquiring an additional 154,426 shares during the last quarter. Millennium Management LLC raised its stake in shares of CoreCivic by 88.4% in the fourth quarter. Millennium Management LLC now owns 1,261,944 shares of the real estate investment trust's stock valued at $27,435,000 after acquiring an additional 592,070 shares during the last quarter. Northern Trust Corp raised its stake in shares of CoreCivic by 3.1% in the fourth quarter. Northern Trust Corp now owns 1,251,464 shares of the real estate investment trust's stock valued at $27,207,000 after acquiring an additional 37,639 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in shares of CoreCivic by 19.5% in the fourth quarter. National Bank of Canada FI now owns 910,000 shares of the real estate investment trust's stock valued at $19,783,000 after acquiring an additional 148,508 shares during the last quarter. 85.13% of the stock is currently owned by institutional investors.

CoreCivic Price Performance

Shares of CoreCivic stock traded down $0.86 during midday trading on Friday, reaching $20.62. The company had a trading volume of 1,197,685 shares, compared to its average volume of 1,136,381. The company has a current ratio of 1.57, a quick ratio of 1.51 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 33.80 and a beta of 0.79. The stock has a fifty day simple moving average of $21.91 and a 200 day simple moving average of $21.02. CoreCivic, Inc. has a 1-year low of $11.23 and a 1-year high of $24.99.

CoreCivic (NYSE:CXW - Get Free Report) last issued 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 net margin of 3.51% and a return on equity of 5.97%. The business had revenue of $488.60 million during the quarter, compared to analyst estimates of $478.49 million. During the same quarter last year, the business posted $0.46 earnings per share. CoreCivic's revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, equities research analysts forecast that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CXW shares. Wedbush reiterated an "outperform" rating and issued a $38.00 target price on shares of CoreCivic in a research note on Wednesday. Wall Street Zen raised shares of CoreCivic from a "hold" rating to a "buy" rating in a report on Monday, June 9th.

Insiders Place Their Bets

In related news, Director Stacia Hylton sold 4,000 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $21.69, for a total value of $86,760.00. Following the sale, the director now directly owns 82,969 shares of the company's stock, valued at approximately $1,799,597.61. The trade was a 4.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $1,625,535.00. Following the sale, the chief executive officer now directly owns 879,324 shares in the company, valued at $19,784,790. This trade represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 184,246 shares of company stock valued at $4,061,215. Company insiders own 2.30% of the company's stock.

CoreCivic Company 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.