LSV Asset Management Sells 814,351 Shares of CoreCivic, Inc. (NYSE:CXW)

LSV Asset Management lessened its holdings in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 50.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 793,774 shares of the real estate investment trust's stock after selling 814,351 shares during the quarter. LSV Asset Management owned approximately 0.70% of CoreCivic worth $11,534,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Cooper Creek Partners Management LLC boosted its holdings in shares of CoreCivic by 24.2% in the third 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 acquiring an additional 641,576 shares during the period. Boston Partners boosted its stake in shares of CoreCivic by 13.7% during the third quarter. Boston Partners now owns 2,910,746 shares of the real estate investment trust's stock valued at $33,343,000 after acquiring an additional 351,508 shares during the last quarter. AWH Capital L.P. grew its holdings in shares of CoreCivic by 88.7% during the third quarter. AWH Capital L.P. now owns 425,500 shares of the real estate investment trust's stock worth $4,787,000 after buying an additional 200,000 shares in the last quarter. Wellington Management Group LLP raised its holdings in CoreCivic by 45.1% in the 3rd quarter. Wellington Management Group LLP now owns 374,701 shares of the real estate investment trust's stock valued at $4,215,000 after acquiring an additional 116,542 shares during the last quarter. Finally, Jennison Associates LLC purchased a new position in CoreCivic during the third quarter worth about $1,052,000. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

CoreCivic Price Performance

CoreCivic stock traded up $0.04 during mid-day trading on Wednesday, hitting $15.35. The company's stock had a trading volume of 656,991 shares, compared to its average volume of 865,561. CoreCivic, Inc. has a twelve month low of $8.27 and a twelve month high of $16.24. The stock's fifty day moving average price is $15.20 and its two-hundred day moving average price is $14.46. The stock has a market capitalization of $1.71 billion, a P/E ratio of 26.02 and a beta of 0.81. 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 quarterly earnings data 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 firm had revenue of $491.25 million during the quarter, compared to analyst estimates of $489.62 million. CoreCivic had a return on equity of 4.70% and a net margin of 3.56%. Research analysts forecast that CoreCivic, Inc. will post 1.31 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CXW shares. StockNews.com lowered shares of CoreCivic from a "buy" rating to a "hold" rating in a report on Monday, April 29th. Northland Securities raised their price target on CoreCivic from $17.00 to $19.00 and gave the stock an "outperform" rating in a report on Tuesday, March 26th. Finally, Wedbush lifted their price target on CoreCivic from $18.00 to $19.00 and gave the company an "outperform" rating in a report on Monday, April 8th.

Insider Activity

In other CoreCivic news, EVP Anthony L. Grande sold 15,000 shares of CoreCivic stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $14.50, for a total transaction of $217,500.00. Following the transaction, the executive vice president now owns 186,692 shares of the company's stock, valued at approximately $2,707,034. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction 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 transaction was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $14.62, for a total value of $738,675.50. Following the completion of the transaction, the chief executive officer now owns 820,262 shares in the company, valued at approximately $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 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.