Courage Capital Management LLC Purchases 52,491 Shares of CoreCivic, Inc. (NYSE:CXW)

Courage Capital Management LLC raised its position in CoreCivic, Inc. (NYSE:CXW) by 15.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 393,491 shares of the real estate investment trust’s stock after acquiring an additional 52,491 shares during the period. CoreCivic makes up 12.9% of Courage Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Courage Capital Management LLC’s holdings in CoreCivic were worth $5,108,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CXW. Goldman Sachs Group Inc. grew its holdings in CoreCivic by 1,050.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,138,544 shares of the real estate investment trust’s stock worth $45,603,000 after acquiring an additional 2,865,763 shares during the period. Allianz Asset Management GmbH increased its holdings in shares of CoreCivic by 15.4% in the 4th quarter. Allianz Asset Management GmbH now owns 688,497 shares of the real estate investment trust’s stock valued at $10,004,000 after purchasing an additional 92,112 shares in the last quarter. Foundry Partners LLC increased its holdings in shares of CoreCivic by 11.4% in the 1st quarter. Foundry Partners LLC now owns 530,237 shares of the real estate investment trust’s stock valued at $8,277,000 after purchasing an additional 54,377 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of CoreCivic in the second quarter valued at about $6,818,000. Finally, Nisa Investment Advisors LLC boosted its holdings in CoreCivic by 85.8% during the second quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock worth $5,204,000 after buying an additional 185,075 shares in the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Insider Buying and Selling at CoreCivic

In other CoreCivic news, COO Patrick D. Swindle sold 15,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $12.40, for a total transaction of $186,000.00. Following the transaction, the chief operating officer now owns 203,504 shares of the company’s stock, valued at $2,523,449.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, COO Patrick D. Swindle sold 15,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $12.40, for a total transaction of $186,000.00. Following the completion of the sale, the chief operating officer now owns 203,504 shares of the company’s stock, valued at approximately $2,523,449.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Damon T. Hininger sold 31,996 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $12.50, for a total transaction of $399,950.00. Following the completion of the sale, the chief executive officer now directly owns 788,266 shares of the company’s stock, valued at approximately $9,853,325. The disclosure for this sale can be found here. Insiders sold 161,996 shares of company stock worth $2,077,000 in the last 90 days. 1.89% of the stock is owned by company insiders.

CoreCivic Stock Down 0.3 %

Shares of NYSE CXW opened at $12.62 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.44 and a quick ratio of 1.44. The firm’s 50-day moving average is $13.23 and its two-hundred day moving average is $14.09. CoreCivic, Inc. has a 12-month low of $10.74 and a 12-month high of $16.54. The company has a market capitalization of $1.39 billion, a PE ratio of 22.54 and a beta of 0.87.

CoreCivic (NYSE:CXW) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.20). The firm had revenue of $490.11 million during the quarter, compared to analyst estimates of $481.87 million. CoreCivic had a net margin of 3.50% and a return on equity of 6.10%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS. Equities analysts anticipate that CoreCivic, Inc. will post 1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CXW shares. Noble Financial cut shares of CoreCivic from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 12th. Wedbush reaffirmed a “neutral” rating and issued a $14.00 price objective on shares of CoreCivic in a research note on Friday, September 13th.

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.