Lee Danner & Bass Inc. Reduces Stock Position in CoreCivic, Inc. (NYSE:CXW)

Lee Danner & Bass Inc. reduced its stake in CoreCivic, Inc. (NYSE:CXW - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 544,694 shares of the real estate investment trust's stock after selling 56,895 shares during the period. Lee Danner & Bass Inc. owned approximately 0.48% of CoreCivic worth $7,914,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CXW. FMR LLC increased its stake in CoreCivic by 0.6% during the third quarter. FMR LLC now owns 8,597,388 shares of the real estate investment trust's stock worth $96,721,000 after purchasing an additional 53,395 shares during the period. Cooper Creek Partners Management LLC increased its stake in CoreCivic by 24.2% during the third quarter. Cooper Creek Partners Management LLC now owns 3,297,002 shares of the real estate investment trust's stock worth $37,091,000 after purchasing an additional 641,576 shares during the period. Boston Partners increased its stake in CoreCivic by 13.7% during the third quarter. Boston Partners now owns 2,910,746 shares of the real estate investment trust's stock worth $33,343,000 after purchasing an additional 351,508 shares during the period. abrdn plc increased its stake in CoreCivic by 13.5% during the third quarter. abrdn plc now owns 672,200 shares of the real estate investment trust's stock worth $7,562,000 after purchasing an additional 80,200 shares during the period. Finally, Foundry Partners LLC increased its stake in CoreCivic by 10.7% during the third quarter. Foundry Partners LLC now owns 621,869 shares of the real estate investment trust's stock worth $6,996,000 after purchasing an additional 60,328 shares during the period. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CXW has been the topic of a number of recent research reports. Wedbush boosted their price target on shares of CoreCivic from $18.00 to $19.00 and gave the stock an "outperform" rating in a research note on Monday, April 8th. StockNews.com raised CoreCivic from a "hold" rating to a "buy" rating in a research report on Wednesday, April 17th. Finally, Northland Securities boosted their price objective on CoreCivic from $17.00 to $19.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 26th.

Insider Activity at CoreCivic

In related news, EVP Anthony L. Grande sold 15,000 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now directly 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 the SEC website. In related news, EVP Anthony L. Grande sold 15,000 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now directly 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 the SEC website. Also, CEO Damon T. Hininger sold 50,525 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were 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 directly owns 820,262 shares of the company's stock, valued at $11,992,230.44. The disclosure for this sale can be found here. 2.21% of the stock is currently owned by corporate insiders.

CoreCivic Stock Up 1.4 %

Shares of CoreCivic stock traded up $0.21 on Monday, reaching $14.94. 462,655 shares of the company were exchanged, compared to its average volume of 907,071. CoreCivic, Inc. has a 1-year low of $7.84 and a 1-year high of $16.24. The company has a market cap of $1.67 billion, a P/E ratio of 25.32 and a beta of 0.81. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.60 and a quick ratio of 1.60. The stock's 50 day moving average price is $15.02 and its 200-day moving average price is $14.13.

CoreCivic (NYSE:CXW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.23 earnings per share (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 analyst estimates of $489.62 million. CoreCivic had a net margin of 3.56% and a return on equity of 4.70%. As a group, equities analysts forecast that CoreCivic, Inc. will post 1.31 EPS for the current year.

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.