Tandem Financial LLC Has $1.22 Million Position in CoreCivic, Inc. (NYSE:CXW)

Tandem Financial LLC lifted its stake in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 127.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,051 shares of the real estate investment trust's stock after purchasing an additional 33,686 shares during the period. CoreCivic makes up about 1.3% of Tandem Financial LLC's investment portfolio, making the stock its 17th biggest position. Tandem Financial LLC owned approximately 0.05% of CoreCivic worth $1,218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Natixis Advisors LLC raised its stake in shares of CoreCivic by 63.1% during the first quarter. Natixis Advisors LLC now owns 16,461 shares of the real estate investment trust's stock worth $334,000 after buying an additional 6,369 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of CoreCivic by 29.6% during the first quarter. Harvest Fund Management Co. Ltd now owns 9,250 shares of the real estate investment trust's stock worth $187,000 after buying an additional 2,113 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of CoreCivic by 445.0% during the first quarter. Mackenzie Financial Corp now owns 89,102 shares of the real estate investment trust's stock worth $1,808,000 after buying an additional 72,752 shares during the last quarter. Guidance Capital Inc. raised its stake in shares of CoreCivic by 19.9% during the first quarter. Guidance Capital Inc. now owns 25,059 shares of the real estate investment trust's stock worth $508,000 after buying an additional 4,151 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of CoreCivic by 7.3% during the first quarter. Allianz Asset Management GmbH now owns 1,622,800 shares of the real estate investment trust's stock worth $32,927,000 after buying an additional 109,769 shares during the last quarter. 85.13% of the stock is owned by institutional investors.

Insider Activity at CoreCivic

In related news, COO Patrick D. Swindle sold 23,000 shares of the 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 owned 241,630 shares in the company, valued at approximately $5,410,095.70. This represents a 8.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Damon T. Hininger sold 72,246 shares of the stock in a transaction on 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 transaction, the chief executive officer owned 879,324 shares of the company's stock, valued at $19,784,790. The trade was a 7.59% 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 three months. Insiders own 2.30% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on CXW. Wall Street Zen downgraded shares of CoreCivic from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Wedbush reaffirmed an "outperform" rating and issued a $38.00 target price on shares of CoreCivic in a research note on Wednesday, June 11th. Finally, Jones Trading reaffirmed a "buy" rating and issued a $30.00 target price on shares of CoreCivic in a research note on Friday, July 18th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $33.33.

CoreCivic Stock Down 2.0%

Shares of CXW stock traded down $0.41 during trading hours on Friday, hitting $19.63. 705,263 shares of the company were exchanged, compared to its average volume of 954,575. The business has a 50 day moving average of $21.13 and a two-hundred day moving average of $20.80. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.66. CoreCivic, Inc. has a 52 week low of $11.81 and a 52 week high of $24.99. The company has a market capitalization of $2.14 billion, a PE ratio of 25.83 and a beta of 0.80.

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 (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.10. CoreCivic had a net margin of 4.33% and a return on equity of 5.75%. The company had revenue of $488.60 million during the quarter, compared to the consensus estimate of $478.49 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The firm's revenue was down 2.4% compared to the same quarter last year. Analysts anticipate that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

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.