56,800 Shares in CoreCivic, Inc. (NYSE:CXW) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 56,800 shares of the real estate investment trust's stock, valued at approximately $825,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in CoreCivic by 0.6% during the 3rd quarter. FMR LLC now owns 8,597,388 shares of the real estate investment trust's stock worth $96,721,000 after buying an additional 53,395 shares during the last quarter. Cooper Creek Partners Management LLC grew its stake in shares of CoreCivic by 24.2% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 3,297,002 shares of the real estate investment trust's stock valued at $37,091,000 after purchasing an additional 641,576 shares during the last quarter. Boston Partners grew its stake in shares of CoreCivic by 13.7% in the 3rd quarter. Boston Partners now owns 2,910,746 shares of the real estate investment trust's stock valued at $33,343,000 after purchasing an additional 351,508 shares during the last quarter. abrdn plc grew its stake in shares of CoreCivic by 13.5% in the 3rd quarter. abrdn plc now owns 672,200 shares of the real estate investment trust's stock valued at $7,562,000 after purchasing an additional 80,200 shares during the last quarter. Finally, Foundry Partners LLC grew its stake in shares of CoreCivic by 10.7% in the 3rd quarter. Foundry Partners LLC now owns 621,869 shares of the real estate investment trust's stock valued at $6,996,000 after purchasing an additional 60,328 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company's stock.

Insider Activity at CoreCivic

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 transaction of $738,675.50. Following the completion of the transaction, the chief executive officer now directly owns 820,262 shares of the company's stock, valued at $11,992,230.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 transaction of $738,675.50. Following the completion of the transaction, the chief executive officer now directly owns 820,262 shares of the company's stock, valued at $11,992,230.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 transaction, the executive vice president now directly owns 186,692 shares of the company's stock, valued at $2,707,034. The disclosure for this sale can be found here. Company insiders own 1.89% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on CXW. Wedbush lifted their target price on CoreCivic from $18.00 to $19.00 and gave the company an "outperform" rating in a research note on Monday, April 8th. Northland Securities lifted their target price on CoreCivic from $17.00 to $19.00 and gave the company an "outperform" rating in a research note on Tuesday, March 26th. Finally, StockNews.com upgraded CoreCivic from a "hold" rating to a "buy" rating in a research note on Wednesday, April 17th.

CoreCivic Price Performance

Shares of CoreCivic stock traded up $0.09 during trading on Friday, reaching $15.06. The company's stock had a trading volume of 576,757 shares, compared to its average volume of 540,488. 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, Inc. has a 12-month low of $7.84 and a 12-month high of $16.24. The company has a market capitalization of $1.68 billion, a P/E ratio of 25.53 and a beta of 0.81. The business has a 50 day moving average price of $15.09 and a 200-day moving average price of $14.22.

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

CoreCivic 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.