Victory Capital Management Inc. Has $2.23 Million Stock Position in CoreCivic, Inc. (NYSE:CXW)

Victory Capital Management Inc. boosted its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 433.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,996 shares of the real estate investment trust’s stock after purchasing an additional 89,365 shares during the quarter. Victory Capital Management Inc. owned 0.10% of CoreCivic worth $2,232,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Meeder Asset Management Inc. bought a new position in shares of CoreCivic during the 4th quarter worth about $43,000. Copia Wealth Management bought a new position in CoreCivic during the fourth quarter valued at about $82,000. Russell Investments Group Ltd. increased its stake in CoreCivic by 86,300.0% during the fourth quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 4,315 shares during the period. GAMMA Investing LLC raised its holdings in CoreCivic by 10.0% in the 1st quarter. GAMMA Investing LLC now owns 5,156 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 470 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new stake in shares of CoreCivic in the 4th quarter worth approximately $211,000. 85.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on CXW shares. Wedbush restated an “outperform” rating and set a $38.00 price objective on shares of CoreCivic in a research report on Wednesday, June 11th. Wall Street Zen downgraded shares of CoreCivic from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Finally, Jones Trading restated a “buy” rating and issued a $30.00 price objective on shares of CoreCivic in a research note on Friday, July 18th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.33.

Insiders Place Their Bets

In other CoreCivic news, CEO Damon T. Hininger sold 72,246 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $22.50, for a total transaction of $1,625,535.00. Following the sale, the chief executive officer directly owned 879,324 shares of the company’s stock, valued at approximately $19,784,790. This represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Patrick D. Swindle sold 23,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $22.39, for a total transaction of $514,970.00. Following the sale, the chief operating officer directly owned 241,630 shares of the company’s stock, valued at approximately $5,410,095.70. The trade was a 8.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 184,246 shares of company stock worth $4,061,215 in the last quarter. 2.30% of the stock is owned by corporate insiders.

CoreCivic Trading Down 2.8%

CXW stock opened at $20.14 on Tuesday. CoreCivic, Inc. has a 1-year low of $11.81 and a 1-year high of $24.99. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.66. The business’s 50 day moving average is $21.33 and its 200-day moving average is $20.84. The firm has a market cap of $2.20 billion, a P/E ratio of 26.50 and a beta of 0.77.

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