State of Alaska Department of Revenue Cuts Stock Position in CoreCivic, Inc. (NYSE:CXW)

State of Alaska Department of Revenue trimmed its holdings in CoreCivic, Inc. (NYSE:CXW) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,927 shares of the real estate investment trust’s stock after selling 2,394 shares during the period. State of Alaska Department of Revenue owned about 0.06% of CoreCivic worth $796,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Foundry Partners LLC boosted its stake in CoreCivic by 11.4% in the 1st quarter. Foundry Partners LLC now owns 530,237 shares of the real estate investment trust’s stock worth $8,277,000 after purchasing an additional 54,377 shares during the period. Lee Danner & Bass Inc. bought a new position in shares of CoreCivic during the second quarter worth $6,818,000. Nisa Investment Advisors LLC grew its stake 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 valued at $5,204,000 after acquiring an additional 185,075 shares in the last quarter. Courage Capital Management LLC grew its stake in CoreCivic by 15.4% during the second quarter. Courage Capital Management LLC now owns 393,491 shares of the real estate investment trust’s stock valued at $5,108,000 after acquiring an additional 52,491 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in CoreCivic by 1,740.4% in the 3rd quarter. SG Americas Securities LLC now owns 295,131 shares of the real estate investment trust’s stock valued at $3,733,000 after acquiring an additional 279,095 shares during the last quarter. Institutional investors own 85.13% of the company’s stock.

CoreCivic Trading Up 29.1 %

Shares of CXW opened at $17.59 on Thursday. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $18.24. 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 company’s fifty day moving average is $13.34 and its 200 day moving average is $13.73. The stock has a market capitalization of $1.94 billion, a PE ratio of 29.32 and a beta of 0.86.

CoreCivic (NYSE:CXW) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). The business had revenue of $490.11 million during the quarter, compared to the consensus estimate of $481.87 million. CoreCivic had a return on equity of 6.10% and a net margin of 3.50%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 earnings per share. Sell-side analysts expect that CoreCivic, Inc. will post 1.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wedbush reissued a “neutral” rating and set a $14.00 price objective on shares of CoreCivic in a report on Friday, September 13th.

Insider Buying and Selling at CoreCivic

In other news, EVP Cole G. Carter sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $12.58, for a total transaction of $100,640.00. Following the transaction, the executive vice president now owns 207,847 shares of the company’s stock, valued at approximately $2,614,715.26. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $100,640.00. Following the transaction, the executive vice president now directly owns 207,847 shares in the company, valued at approximately $2,614,715.26. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David Garfinkle sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $13.60, for a total transaction of $340,000.00. Following the completion of the sale, the chief financial officer now directly owns 326,528 shares of the company’s stock, valued at approximately $4,440,780.80. The trade was a 0.00 % decrease in their position. 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 over the last ninety days. Company insiders own 2.21% of the company’s stock.

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.