CoreCivic, Inc. (NYSE:CXW) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC lessened its holdings in shares of CoreCivic, Inc. (NYSE:CXW) by 0.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,047,989 shares of the real estate investment trust’s stock after selling 13,955 shares during the quarter. CoreCivic comprises about 1.8% of River Road Asset Management LLC’s holdings, making the stock its 11th biggest holding. River Road Asset Management LLC owned about 7.96% of CoreCivic worth $131,467,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in CoreCivic by 114.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,523,221 shares of the real estate investment trust’s stock valued at $23,214,000 after purchasing an additional 1,349,325 shares during the last quarter. Employees Retirement System of Texas purchased a new position in shares of CoreCivic during the first quarter worth approximately $10,889,000. Arrowstreet Capital Limited Partnership grew its position in shares of CoreCivic by 318.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,205,074 shares of the real estate investment trust’s stock worth $13,931,000 after acquiring an additional 917,105 shares during the last quarter. Cooper Creek Partners Management LLC grew its position in shares of CoreCivic by 24.2% during the third quarter. Cooper Creek Partners Management LLC now owns 3,297,002 shares of the real estate investment trust’s stock worth $37,091,000 after acquiring an additional 641,576 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of CoreCivic by 92.4% during the fourth quarter. Millennium Management LLC now owns 1,082,662 shares of the real estate investment trust’s stock worth $12,516,000 after acquiring an additional 520,043 shares during the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic Stock Performance

Shares of NYSE CXW traded down $0.25 during mid-day trading on Wednesday, hitting $14.87. 403,450 shares of the company were exchanged, compared to its average volume of 916,049. CoreCivic, Inc. has a 1-year low of $7.84 and a 1-year high of $16.24. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.73. The stock has a 50 day simple moving average of $15.02 and a 200-day simple moving average of $14.05. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 25.60 and a beta of 0.81.

CoreCivic (NYSE:CXW) last released its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.17). CoreCivic had a net margin of 3.56% and a return on equity of 4.70%. The business had revenue of $491.25 million during the quarter, compared to analyst estimates of $489.62 million. On average, sell-side analysts forecast that CoreCivic, Inc. will post 1.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Northland Securities raised their target price on shares of CoreCivic from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. StockNews.com downgraded CoreCivic from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, Wedbush increased their price target on CoreCivic from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Monday, April 8th.

Insider Buying and Selling at CoreCivic

In other CoreCivic news, CEO Damon T. Hininger sold 50,525 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $14.62, for a total value of $738,675.50. Following the completion of the sale, the chief executive officer now owns 820,262 shares of the company’s stock, valued at $11,992,230.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Damon T. Hininger sold 50,525 shares of CoreCivic stock in a transaction on Friday, March 8th. The stock was sold at an average price of $14.62, for a total transaction of $738,675.50. Following the completion of the transaction, the chief executive officer now owns 820,262 shares of the company’s stock, valued at approximately $11,992,230.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Anthony L. Grande sold 15,000 shares of CoreCivic stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $14.50, for a total value of $217,500.00. Following the sale, the executive vice president now owns 186,692 shares of the company’s stock, valued at approximately $2,707,034. The disclosure for this sale can be found here. 2.21% of the stock is owned by corporate insiders.

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.