Swiss National Bank trimmed its stake in shares of CoreCivic, Inc. (NYSE:CXW – Free Report) by 12.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 248,118 shares of the real estate investment trust’s stock after selling 35,900 shares during the period. Swiss National Bank owned 0.22% of CoreCivic worth $2,283,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of CXW. Price T Rowe Associates Inc. MD raised its stake in shares of CoreCivic by 1.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 78,169 shares of the real estate investment trust’s stock valued at $904,000 after acquiring an additional 1,196 shares in the last quarter. LPL Financial LLC grew its stake in CoreCivic by 7.1% during the 4th quarter. LPL Financial LLC now owns 18,253 shares of the real estate investment trust’s stock worth $211,000 after buying an additional 1,207 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in CoreCivic by 8.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 17,869 shares of the real estate investment trust’s stock worth $207,000 after purchasing an additional 1,462 shares in the last quarter. Mackenzie Financial Corp raised its stake in CoreCivic by 13.1% in the 1st quarter. Mackenzie Financial Corp now owns 12,672 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 1,471 shares during the last quarter. Finally, Wedbush Securities Inc. raised its stake in CoreCivic by 12.9% in the 1st quarter. Wedbush Securities Inc. now owns 15,130 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 1,727 shares during the last quarter. Hedge funds and other institutional investors own 80.89% of the company’s stock.
CoreCivic Stock Down 3.3 %
Shares of CXW opened at $10.64 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.29 and a current ratio of 1.29. CoreCivic, Inc. has a one year low of $7.84 and a one year high of $13.50. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 10.33 and a beta of 0.92. The stock has a 50 day moving average price of $9.85 and a 200 day moving average price of $9.43.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the company. Wedbush restated an “outperform” rating and issued a $11.50 price objective on shares of CoreCivic in a research report on Tuesday, August 8th. StockNews.com initiated coverage on CoreCivic in a research report on Thursday, August 17th. They set a “buy” rating on the stock.
Read Our Latest Analysis on CXW
Insider Buying and Selling
In other CoreCivic news, CEO Damon T. Hininger sold 46,504 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $10.37, for a total value of $482,246.48. Following the transaction, the chief executive officer now owns 719,434 shares of the company’s stock, valued at $7,460,530.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other CoreCivic news, CFO David Garfinkle sold 36,112 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $10.05, for a total transaction of $362,925.60. Following the completion of the transaction, the chief financial officer now owns 334,774 shares in the company, valued at approximately $3,364,478.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Damon T. Hininger sold 46,504 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $10.37, for a total value of $482,246.48. Following the completion of the transaction, the chief executive officer now directly owns 719,434 shares in the company, valued at approximately $7,460,530.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 174,116 shares of company stock worth $1,798,082. Company insiders own 1.89% of the company’s stock.
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.
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