American International Group Inc. Trims Stock Holdings in CoreCivic, Inc. (NYSE:CXW)

American International Group Inc. trimmed its holdings in CoreCivic, Inc. (NYSE:CXW) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,082 shares of the real estate investment trust’s stock after selling 1,295 shares during the period. American International Group Inc. owned approximately 0.05% of CoreCivic worth $575,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of CXW. Goodman Advisory Group LLC purchased a new position in CoreCivic in the 1st quarter valued at approximately $26,000. Quantbot Technologies LP purchased a new position in shares of CoreCivic during the 1st quarter valued at $36,000. Sound Income Strategies LLC purchased a new position in shares of CoreCivic during the 2nd quarter valued at $42,000. Quarry LP purchased a new position in shares of CoreCivic during the 1st quarter valued at $57,000. Finally, UBS Group AG grew its position in shares of 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 in the last quarter. 80.89% of the stock is currently owned by hedge funds and other institutional investors.

CoreCivic Stock Up 0.9 %

Shares of NYSE:CXW opened at $13.73 on Friday. CoreCivic, Inc. has a 52-week low of $7.84 and a 52-week high of $14.44. The firm has a fifty day moving average of $11.83 and a 200 day moving average of $10.32. The firm has a market capitalization of $1.56 billion, a PE ratio of 24.08 and a beta of 0.85. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.38 and a current ratio of 1.38.

CoreCivic (NYSE:CXW) last announced its earnings results on Monday, November 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.20). CoreCivic had a return on equity of 4.64% and a net margin of 3.49%. The company had revenue of $483.71 million during the quarter, compared to analysts’ expectations of $474.75 million. As a group, research analysts anticipate that CoreCivic, Inc. will post 1.42 EPS for the current fiscal year.

Analysts Set New Price Targets

CXW has been the subject of a number of recent analyst reports. Wedbush boosted their price target on shares of CoreCivic from $14.00 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Northland Securities initiated coverage on shares of CoreCivic in a research report on Thursday, October 19th. They set an “outperform” rating and a $16.00 price target for the company. Finally, StockNews.com initiated coverage on shares of CoreCivic in a research report on Thursday, October 5th. They set a “buy” rating for the company.

Insider Buying and Selling

In related news, EVP Cole G. Carter sold 5,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $10.26, for a total value of $51,300.00. Following the completion of the transaction, the executive vice president now directly owns 226,162 shares in the company, valued at $2,320,422.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.89% of the stock is owned by company 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.