Voya Investment Management LLC Has $5.17 Million Holdings in CoreCivic, Inc. $CXW

Key Points

• Voya Investment Management LLC has reduced its stake in CoreCivic, Inc. by 20.4%, now holding 254,851 shares valued at approximately $5.17 million.
• Several institutional investors have also adjusted their positions, with ownership by hedge funds and institutional investors accounting for 85.13% of the stock.
• CoreCivic recently reported an earnings per share (EPS) of $0.59, exceeding analyst expectations of $0.43, reflecting a 9.8% revenue increase compared to the previous year.

Voya Investment Management LLC lessened its holdings in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 20.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,851 shares of the real estate investment trust's stock after selling 65,422 shares during the period. Voya Investment Management LLC owned about 0.23% of CoreCivic worth $5,171,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CXW. Copia Wealth Management purchased a new stake in CoreCivic in the fourth quarter valued at approximately $82,000. GAMMA Investing LLC grew its stake in shares of CoreCivic by 10.0% in 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 in the last quarter. Harbour Investments Inc. grew its stake in CoreCivic by 215.6% during the 1st quarter. Harbour Investments Inc. now owns 5,337 shares of the real estate investment trust's stock worth $108,000 after purchasing an additional 3,646 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in CoreCivic by 29.6% in the first quarter. Harvest Fund Management Co. Ltd now owns 9,250 shares of the real estate investment trust's stock valued at $187,000 after buying an additional 2,113 shares in the last quarter. Finally, SCS Capital Management LLC acquired a new stake in shares of CoreCivic during the first quarter worth about $203,000. Institutional investors own 85.13% of the company's stock.

Insider Activity at CoreCivic

In related news, EVP Anthony L. Grande sold 22,500 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $21.18, for a total value of $476,550.00. Following the completion of the transaction, the executive vice president directly owned 135,559 shares of the company's stock, valued at $2,871,139.62. This trade represents a 14.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thurgood Marshall, Jr. sold 6,000 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $20.52, for a total transaction of $123,120.00. Following the sale, the director owned 44,023 shares of the company's stock, valued at $903,351.96. This trade represents a 11.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,000 shares of company stock worth $1,042,545 in the last three months. 2.30% of the stock is owned by insiders.

CoreCivic Trading Up 1.3%

Shares of NYSE:CXW traded up $0.27 during midday trading on Monday, reaching $21.18. The company had a trading volume of 988,673 shares, compared to its average volume of 926,630. The company has a fifty day simple moving average of $20.42 and a two-hundred day simple moving average of $20.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.60 and a current ratio of 1.60. CoreCivic, Inc. has a 1-year low of $12.24 and a 1-year high of $24.99. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 22.53 and a beta of 0.81.

CoreCivic (NYSE:CXW - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.59 EPS for the quarter, topping the consensus estimate of $0.43 by $0.16. CoreCivic had a net margin of 5.21% and a return on equity of 7.12%. The business had revenue of $538.17 million during the quarter, compared to analysts' expectations of $499.02 million. During the same period last year, the company posted $0.42 earnings per share. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. Research analysts predict that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on CXW shares. Jones Trading restated a "buy" rating and issued a $30.00 target price on shares of CoreCivic in a research note on Thursday, August 7th. Wedbush reissued an "outperform" rating and issued a $38.00 target price on shares of CoreCivic in a research report on Wednesday, June 11th. Finally, Wall Street Zen raised shares of CoreCivic from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $33.33.

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.