Teacher Retirement System of Texas Raises Stock Holdings in CoreCivic, Inc. (NYSE:CXW)

Teacher Retirement System of Texas raised its position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 89.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 399,537 shares of the real estate investment trust's stock after purchasing an additional 188,778 shares during the quarter. Teacher Retirement System of Texas owned 0.37% of CoreCivic worth $8,107,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CXW. Millennium Management LLC grew its stake in shares of CoreCivic by 88.4% during the 4th quarter. Millennium Management LLC now owns 1,261,944 shares of the real estate investment trust's stock valued at $27,435,000 after purchasing an additional 592,070 shares during the period. Cooper Creek Partners Management LLC lifted its position in shares of CoreCivic by 9.9% during 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 in the last quarter. Raymond James Financial Inc. purchased a new position in shares of CoreCivic during the 4th quarter valued at about $11,733,000. Forest Avenue Capital Management LP purchased a new position in shares of CoreCivic during the 4th quarter valued at about $11,205,000. Finally, Voloridge Investment Management LLC purchased a new position in shares of CoreCivic during the 4th quarter valued at about $11,194,000. 85.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Stacia Hylton sold 4,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $21.69, for a total value of $86,760.00. Following the transaction, the director directly owned 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Patrick D. Swindle sold 23,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $22.39, for a total value of $514,970.00. Following the completion of the transaction, the chief operating officer directly 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 disclosure for this sale can be found here. Insiders sold 184,246 shares of company stock worth $4,061,215 in the last quarter. 2.30% of the stock is owned by insiders.

CoreCivic Stock Performance

Shares of CXW stock traded up $0.25 during trading hours on Wednesday, reaching $22.31. 946,066 shares of the company traded hands, compared to its average volume of 1,128,277. CoreCivic, Inc. has a 12-month low of $11.82 and a 12-month high of $24.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market cap of $2.44 billion, a P/E ratio of 29.36 and a beta of 0.77. The firm has a 50-day moving average price of $21.69 and a 200 day moving average price of $20.95.

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

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.