CoreCivic, Inc. (NYSE:CXW) Holdings Boosted by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 1,284.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 545,967 shares of the real estate investment trust's stock after acquiring an additional 506,522 shares during the period. Teacher Retirement System of Texas owned 0.48% of CoreCivic worth $7,933,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC raised its stake in shares of CoreCivic by 0.6% in 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 last quarter. Cooper Creek Partners Management LLC boosted its holdings 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 acquiring an additional 641,576 shares during the last quarter. Boston Partners increased its stake in shares of CoreCivic by 13.7% in the third quarter. Boston Partners now owns 2,910,746 shares of the real estate investment trust's stock worth $33,343,000 after acquiring an additional 351,508 shares during the period. abrdn plc raised its holdings in shares of 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 last quarter. Finally, Foundry Partners LLC boosted its holdings in CoreCivic by 10.7% in the third 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.

Insiders Place Their Bets

In other CoreCivic news, CEO Damon T. Hininger sold 50,525 shares of the business's stock in a transaction 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 transaction, the chief executive officer now owns 820,262 shares in the company, valued at $11,992,230.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Anthony L. Grande sold 15,000 shares of CoreCivic stock in a transaction on Monday, February 26th. The shares were 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 directly owns 186,692 shares of the company's stock, valued at approximately $2,707,034. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 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. Insiders own 2.21% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CXW. Northland Securities boosted their price objective on CoreCivic from $17.00 to $19.00 and gave the company an "outperform" rating in a report on Tuesday, March 26th. Wedbush restated an "outperform" rating and issued a $19.00 price objective on shares of CoreCivic in a research report on Thursday. Finally, StockNews.com lowered CoreCivic from a "buy" rating to a "hold" rating in a research report on Monday, April 29th.

CoreCivic Price Performance

Shares of CXW stock traded down $0.33 during trading hours on Monday, hitting $15.24. 904,375 shares of the company's stock were exchanged, compared to its average volume of 869,116. The firm has a 50 day moving average of $15.22 and a two-hundred day moving average of $14.52. CoreCivic, Inc. has a fifty-two week low of $8.27 and a fifty-two week high of $16.24. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The firm has a market cap of $1.70 billion, a P/E ratio of 27.25 and a beta of 0.81.

CoreCivic (NYSE:CXW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.12). The firm had revenue of $500.69 million during the quarter, compared to analyst estimates of $477.93 million. CoreCivic had a net margin of 3.34% and a return on equity of 5.74%. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 earnings per share. Sell-side analysts forecast that CoreCivic, Inc. will post 1.6 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.