Louisiana State Employees Retirement System Invests $825,000 in CoreCivic, Inc. (NYSE:CXW)

Louisiana State Employees Retirement System acquired a new position in shares of CoreCivic, Inc. (NYSE:CXW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 56,800 shares of the real estate investment trust’s stock, valued at approximately $825,000.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP boosted its holdings in shares of CoreCivic by 45.1% during the 3rd quarter. Wellington Management Group LLP now owns 374,701 shares of the real estate investment trust’s stock worth $4,215,000 after buying an additional 116,542 shares during the period. AWH Capital L.P. boosted its holdings in shares of CoreCivic by 88.7% during the 3rd quarter. AWH Capital L.P. now owns 425,500 shares of the real estate investment trust’s stock worth $4,787,000 after buying an additional 200,000 shares during the period. Trexquant Investment LP bought a new stake in shares of CoreCivic during the 3rd quarter worth about $792,000. O Shaughnessy Asset Management LLC bought a new stake in shares of CoreCivic during the 3rd quarter worth about $512,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of CoreCivic by 39.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 43,062 shares of the real estate investment trust’s stock worth $484,000 after buying an additional 12,085 shares during the period. 85.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CXW has been the subject of a number of recent research reports. Northland Securities boosted their price objective on shares of CoreCivic from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Wedbush boosted their price objective on shares of CoreCivic from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Finally, StockNews.com raised shares of CoreCivic from a “hold” rating to a “buy” rating in a report on Wednesday, April 17th.

Insider Activity

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

CoreCivic Stock Performance

NYSE CXW opened at $15.06 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $1.68 billion, a P/E ratio of 25.56 and a beta of 0.81. CoreCivic, Inc. has a 12-month low of $7.84 and a 12-month high of $16.24. The firm has a 50-day moving average price of $15.08 and a two-hundred day moving average price of $14.19.

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

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.