2,207 Shares in CoreCivic, Inc. (NYSE:CXW) Bought by Headlands Technologies LLC

Headlands Technologies LLC purchased a new position in shares of CoreCivic, Inc. (NYSE:CXW) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 2,207 shares of the real estate investment trust’s stock, valued at approximately $29,000.

Several other institutional investors have also bought and sold shares of the stock. Victory Capital Management Inc. grew its holdings in CoreCivic by 4.6% during the second quarter. Victory Capital Management Inc. now owns 105,908 shares of the real estate investment trust’s stock worth $1,375,000 after buying an additional 4,702 shares in the last quarter. nVerses Capital LLC bought a new position in CoreCivic in the 2nd quarter valued at $40,000. Commonwealth Equity Services LLC grew its stake in CoreCivic by 2.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 29,509 shares of the real estate investment trust’s stock valued at $383,000 after purchasing an additional 804 shares during the period. Lee Danner & Bass Inc. bought a new position in CoreCivic in the 2nd quarter valued at $6,818,000. Finally, Innealta Capital LLC bought a new position in CoreCivic in the 2nd quarter valued at $87,000. Institutional investors own 85.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CXW shares. Noble Financial downgraded CoreCivic from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 12th. Wedbush restated a “neutral” rating and issued a $14.00 price objective on shares of CoreCivic in a research note on Friday, September 13th.

CoreCivic Stock Up 0.1 %

Shares of NYSE CXW opened at $13.36 on Wednesday. CoreCivic, Inc. has a one year low of $10.11 and a one year high of $16.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.44 and a quick ratio of 1.44. The business’s fifty day moving average price is $13.44 and its 200-day moving average price is $14.19. The stock has a market capitalization of $1.49 billion, a PE ratio of 23.86 and a beta of 0.87.

CoreCivic (NYSE:CXW) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). CoreCivic had a net margin of 3.50% and a return on equity of 6.10%. The firm had revenue of $490.11 million for the quarter, compared to analysts’ expectations of $481.87 million. During the same period in the prior year, the company earned $0.33 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities research analysts anticipate that CoreCivic, Inc. will post 1.49 EPS for the current year.

Insider Activity

In other news, COO Patrick D. Swindle sold 15,000 shares of the company’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 transaction, the chief operating officer now owns 203,504 shares of the company’s stock, valued at approximately $2,523,449.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Patrick D. Swindle sold 15,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $12.40, for a total transaction of $186,000.00. Following the sale, the chief operating officer now owns 203,504 shares of the company’s stock, valued at approximately $2,523,449.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Garfinkle sold 25,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $13.60, for a total value of $340,000.00. Following the sale, the chief financial officer now directly owns 326,528 shares in the company, valued at approximately $4,440,780.80. The disclosure for this sale can be found here. Insiders have sold 161,996 shares of company stock valued at $2,077,000 in the last 90 days. Insiders own 1.89% of the company’s stock.

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.