SG Americas Securities LLC Grows Position in CoreCivic, Inc. (NYSE:CXW)

SG Americas Securities LLC increased its position in CoreCivic, Inc. (NYSE:CXW - Free Report) by 46.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 208,496 shares of the real estate investment trust's stock after acquiring an additional 66,402 shares during the period. SG Americas Securities LLC owned about 0.19% of CoreCivic worth $4,230,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CXW. Meeder Asset Management Inc. purchased a new position in CoreCivic in the fourth quarter worth about $43,000. Smartleaf Asset Management LLC lifted its stake in shares of CoreCivic by 318.9% in the 4th 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. Copia Wealth Management purchased a new position in shares of CoreCivic in the fourth quarter worth approximately $82,000. Russell Investments Group Ltd. boosted its holdings in shares of 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 buying an additional 4,315 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in CoreCivic by 10.0% during the first quarter. GAMMA Investing LLC now owns 5,156 shares of the real estate investment trust's stock valued at $105,000 after buying an additional 470 shares during the period. Hedge funds and other institutional investors own 85.13% of the company's stock.

Insider Buying and Selling at CoreCivic

In related news, CEO Damon T. Hininger sold 72,246 shares of the 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 completion of the sale, the chief executive officer now owns 879,324 shares in the company, valued at approximately $19,784,790. This trade represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Lucibeth Mayberry sold 75,000 shares of CoreCivic stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $21.49, for a total value of $1,611,750.00. Following the sale, the executive vice president now directly owns 211,232 shares in the company, valued at $4,539,375.68. This trade represents a 26.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 184,246 shares of company stock valued at $4,061,215 over the last 90 days. 2.30% of the stock is currently owned by corporate insiders.

CoreCivic Stock Performance

Shares of NYSE CXW traded down $0.28 during trading on Tuesday, hitting $20.45. The company had a trading volume of 793,147 shares, compared to its average volume of 1,134,492. CoreCivic, Inc. has a 12 month low of $11.23 and a 12 month high of $24.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $2.23 billion, a P/E ratio of 26.91 and a beta of 0.79. The stock has a 50 day simple moving average of $21.94 and a 200 day simple moving average of $21.00.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on CXW. Wall Street Zen upgraded shares of CoreCivic from a "hold" rating to a "buy" rating in a research report on Monday, June 9th. Wedbush restated an "outperform" rating and issued a $38.00 price objective on shares of CoreCivic in a research note on Wednesday, June 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.