CoreCivic, Inc. (NYSE:CXW) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its holdings in CoreCivic, Inc. (NYSE:CXW - Free Report) by 89.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 399,537 shares of the real estate investment trust's stock after buying an additional 188,778 shares during the quarter. Teacher Retirement System of Texas owned about 0.37% of CoreCivic worth $8,107,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in CoreCivic by 10.0% in the 1st quarter. GAMMA Investing LLC now owns 5,156 shares of the real estate investment trust's stock worth $105,000 after buying an additional 470 shares during the period. Bank of Montreal Can increased its holdings in CoreCivic by 8.0% in the 4th quarter. Bank of Montreal Can now owns 12,742 shares of the real estate investment trust's stock worth $277,000 after buying an additional 944 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in CoreCivic by 2.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,000 shares of the real estate investment trust's stock worth $1,348,000 after buying an additional 1,322 shares during the period. State of Wyoming increased its holdings in CoreCivic by 7.5% in the 4th quarter. State of Wyoming now owns 20,796 shares of the real estate investment trust's stock worth $452,000 after buying an additional 1,443 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in 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 buying an additional 1,859 shares during the period. Institutional investors and hedge funds own 85.13% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CXW. Wall Street Zen cut shares of CoreCivic from a "buy" rating to a "hold" rating in a research note on Saturday. Wedbush reaffirmed an "outperform" rating and set a $38.00 price objective on shares of CoreCivic in a research note on Wednesday, June 11th.

Insider Buying and Selling

In other news, EVP Anthony L. Grande sold 10,000 shares of CoreCivic stock in a transaction on Monday, May 19th. The stock was sold at an average price of $22.22, for a total transaction of $222,200.00. Following the transaction, the executive vice president owned 180,559 shares in the company, valued at $4,012,020.98. The trade was a 5.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stacia Hylton sold 4,000 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $21.69, for a total transaction of $86,760.00. Following the completion of the sale, the director owned 82,969 shares in the company, valued at approximately $1,799,597.61. This trade represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 184,246 shares of company stock worth $4,061,215 in the last ninety days. Company insiders own 2.30% of the company's stock.

CoreCivic Price Performance

CoreCivic stock traded up $0.33 during trading on Friday, reaching $21.37. The company had a trading volume of 772,824 shares, compared to its average volume of 1,122,022. The firm's 50-day simple moving average is $21.71 and its 200 day simple moving average is $20.92. CoreCivic, Inc. has a 1-year low of $11.82 and a 1-year high of $24.99. The firm has a market capitalization of $2.33 billion, a PE ratio of 28.12 and a beta of 0.77. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.55 and a current ratio of 1.55.

CoreCivic (NYSE:CXW - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $488.60 million for the quarter, compared to analyst estimates of $478.49 million. CoreCivic had a return on equity of 5.75% and a net margin of 4.33%. The firm's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. As a group, equities research 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.