CoreCivic, Inc. (NYSE:CXW) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its holdings in CoreCivic, Inc. (NYSE:CXW) by 25.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,862 shares of the real estate investment trust’s stock after buying an additional 11,332 shares during the period. Exchange Traded Concepts LLC’s holdings in CoreCivic were worth $707,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets boosted its position in shares of CoreCivic by 159.3% in the first quarter. BNP Paribas Financial Markets now owns 115,555 shares of the real estate investment trust’s stock worth $1,804,000 after buying an additional 70,999 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of CoreCivic by 85.8% in 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 during the period. Resolute Capital Asset Partners LLC acquired a new stake in shares of CoreCivic in the second quarter worth $649,000. Goldman Sachs Group Inc. boosted its position in shares of CoreCivic by 1,050.6% in 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 buying an additional 2,865,763 shares during the period. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of CoreCivic in the second quarter worth $1,115,000. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic Stock Down 0.5 %

Shares of CoreCivic stock opened at $13.87 on Friday. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 23.11 and a beta of 0.87. The stock has a 50-day simple moving average of $13.09 and a 200-day simple moving average of $13.85. CoreCivic, Inc. has a 52-week low of $10.74 and a 52-week high of $16.54. 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 posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). CoreCivic had a net margin of 3.50% and a return on equity of 6.10%. The business had revenue of $490.11 million during the quarter, compared to analyst estimates of $481.87 million. During the same quarter last year, the firm earned $0.33 earnings per share. CoreCivic’s revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts expect that CoreCivic, Inc. will post 1.49 earnings per share for the current fiscal year.

Insider Transactions at CoreCivic

In other news, COO Patrick D. Swindle sold 15,000 shares of the stock in a transaction 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 in the company, valued at $2,523,449.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Damon T. Hininger sold 31,996 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $12.50, for a total value of $399,950.00. Following the transaction, the chief executive officer now directly owns 788,266 shares in the company, valued at approximately $9,853,325. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Patrick D. Swindle sold 15,000 shares of the stock in a transaction 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 directly owns 203,504 shares of the company’s stock, valued at approximately $2,523,449.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 169,996 shares of company stock worth $2,177,640 in the last 90 days. 2.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Wedbush reaffirmed a “neutral” rating and issued a $14.00 target price on shares of CoreCivic in a research report on Friday, September 13th.

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.