Nisa Investment Advisors LLC Grows Stock Position in CoreCivic, Inc. (NYSE:CXW)

Nisa Investment Advisors LLC grew its position in CoreCivic, Inc. (NYSE:CXW) by 85.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 400,896 shares of the real estate investment trust’s stock after acquiring an additional 185,075 shares during the quarter. Nisa Investment Advisors LLC owned about 0.36% of CoreCivic worth $5,204,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CXW. Goldman Sachs Group Inc. lifted its position in shares of CoreCivic by 1,050.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,138,544 shares of the real estate investment trust’s stock valued at $45,603,000 after acquiring an additional 2,865,763 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of CoreCivic by 1,284.1% in the fourth quarter. Teacher Retirement System of Texas now owns 545,967 shares of the real estate investment trust’s stock valued at $7,933,000 after purchasing an additional 506,522 shares during the last quarter. Courage Capital Management LLC acquired a new stake in shares of CoreCivic in the first quarter valued at approximately $5,323,000. Trexquant Investment LP increased its holdings in shares of CoreCivic by 173.5% in the fourth quarter. Trexquant Investment LP now owns 192,456 shares of the real estate investment trust’s stock valued at $2,796,000 after purchasing an additional 122,096 shares during the last quarter. Finally, Nicholas Investment Partners LP acquired a new stake in shares of CoreCivic in the fourth quarter valued at approximately $1,677,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Insiders Place Their Bets

In other CoreCivic news, insider David K. Churchill sold 35,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $12.62, for a total transaction of $441,700.00. Following the completion of the sale, the insider now owns 229,056 shares of the company’s stock, valued at $2,890,686.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, COO Patrick D. Swindle sold 15,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $12.40, for a total transaction of $186,000.00. Following the completion of the transaction, the chief operating officer now directly owns 203,504 shares in the company, valued at $2,523,449.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider David K. Churchill sold 35,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $12.62, for a total value of $441,700.00. Following the transaction, the insider now owns 229,056 shares of the company’s stock, valued at $2,890,686.72. The disclosure for this sale can be found here. Insiders sold a total of 121,996 shares of company stock valued at $1,532,850 over the last quarter. 1.89% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on CXW shares. StockNews.com cut CoreCivic from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Wedbush reaffirmed a “neutral” rating and issued a $14.00 price target on shares of CoreCivic in a report on Thursday, August 8th. Finally, Noble Financial cut CoreCivic from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 12th.

CoreCivic Price Performance

CXW stock opened at $12.88 on Tuesday. The business has a fifty day moving average of $12.99 and a two-hundred day moving average of $14.36. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.70. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 23.00 and a beta of 0.87. CoreCivic, Inc. has a 52-week low of $9.94 and a 52-week high of $16.54.

CoreCivic (NYSE:CXW) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.20). The business had revenue of $490.11 million for the quarter, compared to analyst estimates of $481.87 million. CoreCivic had a return on equity of 6.10% and a net margin of 3.50%. CoreCivic’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $0.33 EPS. As a group, research analysts anticipate that CoreCivic, Inc. will post 1.51 earnings per share for the current year.

About CoreCivic

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.