Swiss National Bank Cuts Position in CoreCivic, Inc. (NYSE:CXW)

Swiss National Bank lowered its holdings in CoreCivic, Inc. (NYSE:CXWFree 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 %

Shares of NYSE:CXW opened at $10.64 on Wednesday. The stock’s 50-day moving average is $9.85 and its 200-day moving average is $9.43. CoreCivic, Inc. has a 52-week low of $7.84 and a 52-week high of $13.50. The company has a market cap of $1.21 billion, a P/E ratio of 10.33 and a beta of 0.92. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.29 and a current ratio of 1.29.

CoreCivic (NYSE:CXWGet 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.

View Our Latest Research Report on CXW

CoreCivic Profile

(Free Report)

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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Institutional Ownership by Quarter for CoreCivic (NYSE:CXW)

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