Woodmont Investment Counsel LLC Makes New $514,000 Investment in CoreCivic, Inc. (NYSE:CXW)

Woodmont Investment Counsel LLC acquired a new position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 25,313 shares of the real estate investment trust's stock, valued at approximately $514,000.

Several other hedge funds have also made changes to their positions in CXW. Principal Financial Group Inc. boosted its holdings in shares of CoreCivic by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 534,687 shares of the real estate investment trust's stock worth $11,624,000 after purchasing an additional 14,892 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of CoreCivic by 11.4% during the fourth quarter. Allianz Asset Management GmbH now owns 1,513,031 shares of the real estate investment trust's stock worth $32,893,000 after purchasing an additional 154,426 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in shares of CoreCivic by 55.2% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 38,264 shares of the real estate investment trust's stock worth $832,000 after purchasing an additional 13,617 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of CoreCivic during the fourth quarter worth $367,000. Finally, Versor Investments LP acquired a new stake in shares of CoreCivic during the fourth quarter worth $263,000. Institutional investors and hedge funds own 85.13% of the company's stock.

CoreCivic Trading Down 0.9%

Shares of CXW opened at $20.47 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $2.23 billion, a P/E ratio of 26.94 and a beta of 0.79. The stock's fifty day simple moving average is $21.92 and its 200 day simple moving average is $20.98. CoreCivic, Inc. has a twelve month low of $11.35 and a twelve month high of $24.99.

CoreCivic (NYSE:CXW - Get Free Report) last issued its earnings results 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 business 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 business's quarterly revenue was down 2.4% on a year-over-year basis. During the same period last year, the company posted $0.46 EPS. On average, equities research analysts forecast that CoreCivic, Inc. will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

CXW has been the topic of several analyst reports. Wedbush restated an "outperform" rating and set a $38.00 price objective on shares of CoreCivic in a report on Wednesday, June 11th. Wall Street Zen raised CoreCivic from a "hold" rating to a "buy" rating in a research report on Monday, June 9th.

Insider Activity at CoreCivic

In related news, EVP Anthony L. Grande sold 10,000 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $22.22, for a total value of $222,200.00. Following the completion of the sale, the executive vice president now directly owns 180,559 shares in the company, valued at approximately $4,012,020.98. This represents a 5.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lucibeth Mayberry sold 75,000 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $21.49, for a total value of $1,611,750.00. Following the sale, the executive vice president now owns 211,232 shares of the company's stock, valued at $4,539,375.68. This represents a 26.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 184,246 shares of company stock worth $4,061,215. Corporate insiders own 2.30% of the company's stock.

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.

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