31,305 Shares in CoreCivic, Inc. (NYSE:CXW) Purchased by Toronto Dominion Bank

Toronto Dominion Bank acquired a new stake in CoreCivic, Inc. (NYSE:CXW - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 31,305 shares of the real estate investment trust's stock, valued at approximately $681,000.

A number of other hedge funds have also made changes to their positions in CXW. Bank of Montreal Can lifted 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 valued at $277,000 after acquiring an additional 944 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 purchasing an additional 1,322 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of CoreCivic by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 57,312 shares of the real estate investment trust's stock worth $1,246,000 after purchasing an additional 1,450 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in CoreCivic by 318.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,442 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 1,859 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in CoreCivic during the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 85.13% of the company's stock.

CoreCivic Trading Down 0.3%

Shares of CXW stock traded down $0.06 during trading hours on Friday, reaching $21.86. 90,639 shares of the stock traded hands, compared to its average volume of 1,154,499. The company has a quick ratio of 1.51, a current ratio of 1.57 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $2.39 billion, a PE ratio of 35.92 and a beta of 0.79. CoreCivic, Inc. has a 1-year low of $10.74 and a 1-year high of $24.99. The business has a fifty day moving average price of $21.56 and a 200 day moving average price of $21.03.

CoreCivic (NYSE:CXW - Get Free Report) last posted 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 firm had revenue of $488.60 million for 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 company's quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. On average, equities research analysts forecast that CoreCivic, Inc. will post 1.5 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Damon T. Hininger sold 72,246 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $22.50, for a total transaction of $1,625,535.00. Following the transaction, the chief executive officer now directly owns 879,324 shares of the company's stock, valued at approximately $19,784,790. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Anthony L. Grande sold 10,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $22.22, for a total transaction of $222,200.00. Following the completion of the transaction, the executive vice president now owns 180,559 shares in the company, valued at approximately $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 ninety days, insiders sold 180,246 shares of company stock worth $3,974,455. 2.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wedbush reaffirmed an "outperform" rating and issued a $30.00 price target on shares of CoreCivic in a report on Tuesday, February 11th. Wall Street Zen raised CoreCivic from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Finally, Noble Financial raised CoreCivic from a "market perform" rating to an "outperform" rating in a report on Wednesday, February 12th.

CoreCivic Company 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.