CoreCivic, Inc. (NYSE:CXW) Stock Holdings Lessened by Jennison Associates LLC

Jennison Associates LLC reduced its holdings in CoreCivic, Inc. (NYSE:CXW) by 29.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 66,069 shares of the real estate investment trust’s stock after selling 27,434 shares during the quarter. Jennison Associates LLC owned approximately 0.06% of CoreCivic worth $960,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Wellington Management Group LLP lifted its position in CoreCivic by 45.1% in the 3rd quarter. Wellington Management Group LLP now owns 374,701 shares of the real estate investment trust’s stock valued at $4,215,000 after purchasing an additional 116,542 shares during the last quarter. Boston Partners lifted its position in CoreCivic by 13.7% in the 3rd quarter. Boston Partners now owns 2,910,746 shares of the real estate investment trust’s stock valued at $33,343,000 after purchasing an additional 351,508 shares during the last quarter. Trexquant Investment LP bought a new stake in CoreCivic in the 3rd quarter valued at about $792,000. FMR LLC lifted its position in CoreCivic by 0.6% in the 3rd quarter. FMR LLC now owns 8,597,388 shares of the real estate investment trust’s stock valued at $96,721,000 after purchasing an additional 53,395 shares during the last quarter. Finally, Illinois Municipal Retirement Fund bought a new stake in CoreCivic in the 3rd quarter valued at about $744,000. 85.13% of the stock is currently owned by institutional investors.

Insider Transactions at CoreCivic

In other news, CEO Damon T. Hininger sold 50,525 shares of CoreCivic stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $14.62, for a total value of $738,675.50. Following the transaction, the chief executive officer now owns 820,262 shares of the company’s stock, valued at approximately $11,992,230.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Damon T. Hininger sold 50,525 shares of CoreCivic stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $14.62, for a total value of $738,675.50. Following the transaction, the chief executive officer now directly owns 820,262 shares of the company’s stock, valued at $11,992,230.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Anthony L. Grande sold 15,000 shares of CoreCivic stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $14.50, for a total transaction of $217,500.00. Following the completion of the transaction, the executive vice president now directly owns 186,692 shares in the company, valued at $2,707,034. The disclosure for this sale can be found here. Corporate insiders own 1.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CXW shares. Northland Securities lifted their price objective on shares of CoreCivic from $17.00 to $19.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Wedbush lifted their price objective on shares of CoreCivic from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, StockNews.com upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Wednesday, April 17th.

CoreCivic Stock Up 0.6 %

CXW stock opened at $15.06 on Friday. The firm’s 50-day moving average is $15.09 and its two-hundred day moving average is $14.22. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 25.53 and a beta of 0.81. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.73. CoreCivic, Inc. has a 52 week low of $7.84 and a 52 week high of $16.24.

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

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.