Foundry Partners LLC Lowers Position in CoreCivic, Inc. (NYSE:CXW)

Foundry Partners LLC lessened its position in CoreCivic, Inc. (NYSE:CXW - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 475,860 shares of the real estate investment trust's stock after selling 146,009 shares during the quarter. Foundry Partners LLC owned approximately 0.42% of CoreCivic worth $6,914,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Criterion Capital Advisors LLC purchased a new position in shares of CoreCivic in the 4th quarter valued at approximately $32,000. Quantbot Technologies LP purchased a new position in CoreCivic during the first quarter valued at $36,000. Quarry LP purchased a new position in CoreCivic during the first quarter valued at $57,000. Lazard Asset Management LLC purchased a new position in CoreCivic during the second quarter valued at $58,000. Finally, UBS Group AG raised its stake in CoreCivic by 110.6% during the second quarter. UBS Group AG now owns 5,387 shares of the real estate investment trust's stock valued at $60,000 after buying an additional 2,829 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company's stock.

Wall Street Analyst Weigh In

CXW has been the subject of a number of recent research reports. StockNews.com upgraded CoreCivic from a "hold" rating to a "buy" rating in a research note on Wednesday. Northland Securities lifted their price objective on CoreCivic from $17.00 to $19.00 and gave the company an "outperform" rating in a research note on Tuesday, March 26th. Finally, Wedbush lifted their price objective on CoreCivic from $18.00 to $19.00 and gave the company an "outperform" rating in a research note on Monday, April 8th.

CoreCivic Stock Up 0.2 %

Shares of CoreCivic stock traded up $0.03 on Friday, reaching $14.73. The company's stock had a trading volume of 818,302 shares, compared to its average volume of 592,947. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 24.97 and a beta of 0.81. The firm's fifty day simple moving average is $15.02 and its two-hundred day simple moving average is $14.13. CoreCivic, Inc. has a 52 week low of $7.84 and a 52 week high of $16.24. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.73.

CoreCivic (NYSE:CXW - Get Free Report) last posted its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.17). The business had revenue of $491.25 million during the quarter, compared to the consensus estimate of $489.62 million. CoreCivic had a return on equity of 4.70% and a net margin of 3.56%. Equities analysts anticipate that CoreCivic, Inc. will post 1.31 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Anthony L. Grande sold 15,000 shares of CoreCivic stock in a transaction on Monday, February 26th. The stock was sold at an average price of $14.50, for a total value of $217,500.00. Following the completion of the sale, the executive vice president now owns 186,692 shares of the company's stock, valued at $2,707,034. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Damon T. Hininger sold 50,525 shares of CoreCivic stock in a transaction on Friday, March 8th. The stock was sold at an average price of $14.62, for a total value of $738,675.50. Following the completion of the sale, the chief executive officer now owns 820,262 shares of the company's stock, valued at $11,992,230.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Anthony L. Grande sold 15,000 shares of CoreCivic stock in a transaction on Monday, February 26th. The stock was sold at an average price of $14.50, for a total value of $217,500.00. Following the completion of the sale, the executive vice president now directly owns 186,692 shares of the company's stock, valued at approximately $2,707,034. The disclosure for this sale can be found here. 1.89% of the stock is currently owned by corporate insiders.

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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