Intech Investment Management LLC Purchases Shares of 14,987 CoreCivic, Inc. (NYSE:CXW)

Intech Investment Management LLC acquired a new position in shares of CoreCivic, Inc. (NYSE:CXW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,987 shares of the real estate investment trust’s stock, valued at approximately $195,000.

A number of other large investors have also made changes to their positions in the stock. Headlands Technologies LLC bought a new position in CoreCivic during the second quarter valued at about $29,000. nVerses Capital LLC bought a new stake in shares of CoreCivic in the 2nd quarter worth approximately $40,000. EntryPoint Capital LLC acquired a new stake in shares of CoreCivic during the 1st quarter worth approximately $84,000. Allspring Global Investments Holdings LLC bought a new stake in shares of CoreCivic during the first quarter valued at approximately $87,000. Finally, Innealta Capital LLC acquired a new position in shares of CoreCivic in the second quarter valued at $87,000. Institutional investors and hedge funds own 85.13% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research firms have weighed in on CXW. Noble Financial lowered shares of CoreCivic from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 12th. Wedbush reiterated a “neutral” rating and set a $14.00 target price on shares of CoreCivic in a research report on Friday, September 13th.

CoreCivic Price Performance

Shares of CXW stock opened at $12.62 on Monday. The stock’s fifty day simple moving average is $13.23 and its 200 day simple moving average is $14.08. CoreCivic, Inc. has a one year low of $10.74 and a one year high of $16.54. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 22.54 and a beta of 0.87. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.44 and a quick ratio of 1.44.

CoreCivic (NYSE:CXW) last issued its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.17 EPS 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 firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 EPS. On average, analysts expect that CoreCivic, Inc. will post 1.49 earnings per share 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.