Rhumbline Advisers Has $6.28 Million Position in CoreCivic, Inc. (NYSE:CXW)

Rhumbline Advisers lessened its position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 4.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 309,505 shares of the real estate investment trust's stock after selling 15,965 shares during the period. Rhumbline Advisers owned about 0.28% of CoreCivic worth $6,280,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its position 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 worth $27,435,000 after purchasing an additional 592,070 shares in the last quarter. Cooper Creek Partners Management LLC increased its stake in CoreCivic by 9.9% in the 4th 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 buying an additional 553,336 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of CoreCivic during the 4th quarter worth about $11,733,000. Forest Avenue Capital Management LP bought a new position in shares of CoreCivic in the 4th quarter valued at about $11,205,000. Finally, Voloridge Investment Management LLC acquired a new stake in shares of CoreCivic in the fourth quarter valued at about $11,194,000. Institutional investors own 85.13% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CXW shares. Wedbush restated an "outperform" rating and issued a $38.00 price target on shares of CoreCivic in a research note on Wednesday. Noble Financial raised shares of CoreCivic from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 12th. Finally, Wall Street Zen raised shares of CoreCivic from a "hold" rating to a "buy" rating in a research report on Monday.

CoreCivic Stock Performance

NYSE CXW traded up $0.02 on Thursday, reaching $21.46. The stock had a trading volume of 1,157,672 shares, compared to its average volume of 1,135,786. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.51. The company has a market cap of $2.34 billion, a P/E ratio of 35.18 and a beta of 0.79. The firm has a fifty day moving average of $21.84 and a two-hundred day moving average of $21.05. 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 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. The business had revenue of $488.60 million during the quarter, compared to analysts' expectations of $478.49 million. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. The business's revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.46 EPS. On average, equities research analysts anticipate that CoreCivic, Inc. will post 1.5 EPS for the current year.

Insider Activity

In other news, EVP Lucibeth Mayberry sold 75,000 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 211,232 shares in the company, valued at approximately $4,539,375.68. This represents a 26.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anthony L. Grande sold 10,000 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $22.22, for a total value of $222,200.00. Following the sale, the executive vice president now owns 180,559 shares in the company, valued at $4,012,020.98. This represents a 5.25% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 184,246 shares of company stock worth $4,061,215. 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.