CoreCivic, Inc. (NYSE:CXW) Shares Purchased by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC increased its holdings in shares of CoreCivic, Inc. (NYSE:CXW) by 1.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 77,913 shares of the real estate investment trust’s stock after acquiring an additional 760 shares during the period. CoreCivic makes up about 0.7% of SummerHaven Investment Management LLC’s portfolio, making the stock its 13th largest holding. SummerHaven Investment Management LLC owned 0.07% of CoreCivic worth $1,132,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CXW. Wellington Management Group LLP boosted its holdings in shares of CoreCivic by 45.1% during the 3rd quarter. Wellington Management Group LLP now owns 374,701 shares of the real estate investment trust’s stock worth $4,215,000 after purchasing an additional 116,542 shares during the last quarter. Boston Partners boosted its holdings in shares of CoreCivic by 13.7% during the 3rd 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 last quarter. Trexquant Investment LP acquired a new position in shares of CoreCivic during the 3rd quarter worth approximately $792,000. Jennison Associates LLC purchased a new stake in shares of CoreCivic during the 3rd quarter valued at approximately $1,052,000. Finally, FMR LLC raised its position in shares of CoreCivic by 0.6% during the 3rd quarter. FMR LLC now owns 8,597,388 shares of the real estate investment trust’s stock valued at $96,721,000 after buying an additional 53,395 shares during the period. 85.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other CoreCivic news, CEO Damon T. Hininger sold 50,525 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were 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 in the company, valued at approximately $11,992,230.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Damon T. Hininger sold 50,525 shares of the business’s 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 sale, the chief executive officer now directly owns 820,262 shares in the company, valued at approximately $11,992,230.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anthony L. Grande sold 15,000 shares of the business’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 transaction of $217,500.00. Following the completion of the sale, the executive vice president now owns 186,692 shares in the company, valued at $2,707,034. The disclosure for this sale can be found here. Company insiders own 2.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CXW. 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. Northland Securities upped their price objective on shares of 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 raised shares of CoreCivic from a “hold” rating to a “buy” rating in a report on Wednesday, April 17th.

CoreCivic Price Performance

Shares of CXW stock remained flat at $15.06 during mid-day trading on Monday. 70,159 shares of the stock were exchanged, compared to its average volume of 876,676. The firm’s 50-day moving average is $15.09 and its 200 day moving average is $14.26. CoreCivic, Inc. has a fifty-two week low of $7.84 and a fifty-two week high of $16.24. 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 has a market cap of $1.68 billion, a price-to-earnings ratio of 25.53 and a beta of 0.81.

CoreCivic (NYSE:CXW) last released its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.17). CoreCivic had a return on equity of 4.70% and a net margin of 3.56%. The firm had revenue of $491.25 million for the quarter, compared to analysts’ expectations of $489.62 million. As a group, research analysts anticipate that CoreCivic, Inc. will post 1.31 EPS for the current fiscal 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.