The Manufacturers Life Insurance Company Purchases 1,401 Shares of CoreCivic, Inc. (NYSE:CXW)

The Manufacturers Life Insurance Company lifted its holdings in CoreCivic, Inc. (NYSE:CXW) by 2.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,424 shares of the real estate investment trust’s stock after buying an additional 1,401 shares during the period. The Manufacturers Life Insurance Company owned about 0.05% of CoreCivic worth $745,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CXW. Goldman Sachs Group Inc. increased its position in shares of CoreCivic by 1,050.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,138,544 shares of the real estate investment trust’s stock valued at $45,603,000 after purchasing an additional 2,865,763 shares during the last quarter. Foundry Partners LLC raised its stake in shares of CoreCivic by 11.4% in the first quarter. Foundry Partners LLC now owns 530,237 shares of the real estate investment trust’s stock valued at $8,277,000 after acquiring an additional 54,377 shares during the period. Lee Danner & Bass Inc. bought a new stake in shares of CoreCivic in the 2nd quarter worth about $6,818,000. Nisa Investment Advisors LLC raised its position in CoreCivic by 85.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock worth $5,204,000 after purchasing an additional 185,075 shares during the period. Finally, Courage Capital Management LLC purchased a new stake in CoreCivic in the first quarter worth $5,323,000. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Patrick D. Swindle sold 15,000 shares of the business’s stock in a transaction dated 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 $2,523,449.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Cole G. Carter sold 8,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $12.58, for a total value of $100,640.00. Following the completion of the sale, the executive vice president now owns 207,847 shares of the company’s stock, valued at approximately $2,614,715.26. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Patrick D. Swindle sold 15,000 shares of CoreCivic stock in a transaction 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 sale, the chief operating officer now owns 203,504 shares in the company, valued at $2,523,449.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 169,996 shares of company stock worth $2,177,640. 1.89% of the stock is owned by corporate insiders.

CoreCivic Price Performance

Shares of NYSE CXW opened at $13.72 on Tuesday. The company has a market cap of $1.53 billion, a PE ratio of 24.49 and a beta of 0.87. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $16.54. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.44 and a current ratio of 1.44. The business has a 50-day simple moving average of $12.94 and a two-hundred day simple moving average of $13.89.

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

Wall Street Analysts Forecast Growth

Separately, Wedbush reissued a “neutral” rating and set a $14.00 target price on shares of CoreCivic in a research report 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.