Invesco Ltd. Has $7.60 Million Stock Holdings in CoreCivic, Inc. $CXW

Invesco Ltd. reduced its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 47.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 374,411 shares of the real estate investment trust’s stock after selling 331,727 shares during the period. Invesco Ltd. owned 0.34% of CoreCivic worth $7,597,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC raised its position in CoreCivic by 88.4% in the 4th quarter. Millennium Management LLC now owns 1,261,944 shares of the real estate investment trust’s stock worth $27,435,000 after purchasing an additional 592,070 shares during the last quarter. Voloridge Investment Management LLC bought a new position in CoreCivic in the 4th quarter valued at about $11,194,000. Two Sigma Investments LP increased its holdings in shares of CoreCivic by 1,428.2% during the fourth quarter. Two Sigma Investments LP now owns 480,275 shares of the real estate investment trust’s stock worth $10,441,000 after purchasing an additional 448,848 shares during the period. Tudor Investment Corp ET AL boosted its position in shares of CoreCivic by 1,398.6% during the 4th quarter. Tudor Investment Corp ET AL now owns 411,772 shares of the real estate investment trust’s stock worth $8,952,000 after acquiring an additional 384,295 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in CoreCivic by 2.2% in the first quarter. Vanguard Group Inc. now owns 12,215,492 shares of the real estate investment trust’s stock valued at $247,852,000 after buying an additional 267,198 shares in the last quarter. 85.13% of the stock is owned by institutional investors and hedge funds.

CoreCivic Stock Down 1.7%

Shares of CoreCivic stock opened at $20.4360 on Tuesday. CoreCivic, Inc. has a 1 year low of $12.13 and a 1 year high of $24.99. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 21.74 and a beta of 0.80. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.60 and a quick ratio of 1.60. The firm’s 50-day moving average is $20.70 and its two-hundred day moving average is $20.74.

CoreCivic (NYSE:CXW) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.59 EPS for the quarter, beating the consensus estimate of $0.43 by $0.16. The business had revenue of $538.17 million during the quarter, compared to analysts’ expectations of $499.02 million. CoreCivic had a net margin of 5.21% and a return on equity of 7.12%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 EPS. As a group, research analysts expect that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

Insider Transactions at CoreCivic

In other news, Director Stacia Hylton sold 4,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $21.69, for a total value of $86,760.00. Following the completion of the sale, the director directly owned 82,969 shares of the company’s stock, valued at approximately $1,799,597.61. This represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. 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 shares of CoreCivic from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 9th. Finally, Jones Trading reissued a “buy” rating and issued a $30.00 price target on shares of CoreCivic in a research note on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $33.33.

CoreCivic 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.