CoreCivic, Inc. (NYSE:CXW) Position Cut by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its holdings in shares of CoreCivic, Inc. (NYSE:CXW) by 2.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,862 shares of the real estate investment trust’s stock after selling 1,084 shares during the period. Yousif Capital Management LLC’s holdings in CoreCivic were worth $829,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH increased its holdings in shares of CoreCivic by 11.4% during the fourth quarter. Allianz Asset Management GmbH now owns 1,513,031 shares of the real estate investment trust’s stock valued at $32,893,000 after purchasing an additional 154,426 shares during the period. Nebula Research & Development LLC acquired a new stake in CoreCivic in the fourth quarter worth about $361,000. Teacher Retirement System of Texas bought a new position in CoreCivic in the 4th quarter valued at about $4,582,000. State of Tennessee Department of Treasury increased its stake in CoreCivic by 65.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 48,999 shares of the real estate investment trust’s stock valued at $1,065,000 after buying an additional 19,391 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of CoreCivic during the 4th quarter worth about $2,859,000. Institutional investors and hedge funds own 85.13% of the company’s stock.

CoreCivic Price Performance

NYSE:CXW opened at $20.62 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average price is $21.94 and its 200 day moving average price is $20.99. CoreCivic, Inc. has a 52-week low of $11.23 and a 52-week high of $24.99. The firm has a market cap of $2.25 billion, a P/E ratio of 27.13 and a beta of 0.79.

CoreCivic (NYSE:CXW) last posted its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.10. CoreCivic had a net margin of 4.33% and a return on equity of 5.75%. The company had revenue of $488.60 million during the quarter, compared to analyst estimates of $478.49 million. During the same quarter last year, the firm posted $0.46 EPS. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. As a group, sell-side analysts predict that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

Insider Buying and Selling at CoreCivic

In related news, EVP Anthony L. Grande sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $22.22, for a total value of $222,200.00. Following the completion of the transaction, the executive vice president now owns 180,559 shares of the company’s stock, valued at approximately $4,012,020.98. This trade represents a 5.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stacia Hylton sold 4,000 shares of the business’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $21.69, for a total transaction of $86,760.00. Following the sale, the director now directly owns 82,969 shares in the company, valued at approximately $1,799,597.61. This trade represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 184,246 shares of company stock valued at $4,061,215. Corporate insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CXW shares. Wedbush reaffirmed an “outperform” rating and issued a $38.00 price target on shares of CoreCivic in a research note on Wednesday, June 11th. Wall Street Zen raised CoreCivic from a “hold” rating to a “buy” rating in a research note on Monday, June 9th.

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.