Swiss National Bank lowered its holdings in CoreCivic, Inc. (NYSE:CXW – Free Report) by 12.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 248,118 shares of the real estate investment trust’s stock after selling 35,900 shares during the period. Swiss National Bank owned approximately 0.22% of CoreCivic worth $2,283,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in CXW. Byrne Asset Management LLC acquired a new stake in shares of CoreCivic during the 1st quarter valued at approximately $31,000. Quantbot Technologies LP acquired a new position in CoreCivic during the 1st quarter valued at approximately $36,000. UBS Group AG boosted its position in CoreCivic by 110.6% during the 2nd quarter. UBS Group AG now owns 5,387 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 2,829 shares during the period. Captrust Financial Advisors bought a new position in CoreCivic in the 2nd quarter worth about $74,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of CoreCivic by 26.2% during the third quarter. Tower Research Capital LLC TRC now owns 9,215 shares of the real estate investment trust’s stock valued at $81,000 after buying an additional 1,915 shares during the last quarter. Institutional investors and hedge funds own 80.89% of the company’s stock.
Insider Buying and Selling at CoreCivic
In other CoreCivic news, COO Patrick D. Swindle sold 25,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $10.70, for a total transaction of $267,500.00. Following the completion of the sale, the chief operating officer now owns 177,695 shares in the company, valued at approximately $1,901,336.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CoreCivic news, COO Patrick D. Swindle sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $10.70, for a total value of $267,500.00. Following the sale, the chief operating officer now owns 177,695 shares in the company, valued at approximately $1,901,336.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Cole G. Carter sold 5,000 shares of CoreCivic stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $10.34, for a total transaction of $51,700.00. Following the completion of the sale, the executive vice president now owns 231,162 shares in the company, valued at $2,390,215.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 174,116 shares of company stock worth $1,798,082. Company insiders own 1.89% of the company’s stock.
CoreCivic Trading Down 3.3 %
CoreCivic (NYSE:CXW – Get Free Report) last released its earnings results on Monday, August 7th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.21). CoreCivic had a return on equity of 4.27% and a net margin of 6.46%. The firm had revenue of $463.68 million for the quarter, compared to analyst estimates of $467.46 million. During the same period last year, the business earned $0.34 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities research analysts predict that CoreCivic, Inc. will post 1.39 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts have commented on CXW shares. StockNews.com began coverage on shares of CoreCivic in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Wedbush restated an “outperform” rating and set a $11.50 price objective on shares of CoreCivic in a report on Tuesday, August 8th.
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.
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