New York State Teachers Retirement System Has $1.34 Million Position in CoreCivic, Inc. (NYSE:CXW)

Posted by Defense World Staff on Oct 25th, 2023

New York State Teachers Retirement System lessened its stake in shares of CoreCivic, Inc. (NYSE:CXW – Free Report) by 1.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 142,157 shares of the real estate investment trust’s stock after selling 1,800 shares during the period. New York State Teachers Retirement System owned 0.13% of CoreCivic worth $1,338,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Goodman Advisory Group LLC purchased a new stake in shares of CoreCivic in the first quarter valued at about $26,000. Quantbot Technologies LP purchased a new stake in shares of CoreCivic in the first quarter valued at about $36,000. Byrne Asset Management LLC purchased a new stake in shares of CoreCivic in the first quarter valued at about $31,000. Sound Income Strategies LLC purchased a new stake in shares of CoreCivic in the second quarter valued at about $42,000. Finally, UBS Group AG raised its holdings in shares of CoreCivic by 110.6% in the second quarter. UBS Group AG now owns 5,387 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 2,829 shares during the last quarter. Institutional investors and hedge funds own 80.89% of the company’s stock.

CoreCivic Price Performance

CXW opened at $12.52 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. The firm has a market cap of $1.42 billion, a P/E ratio of 12.16 and a beta of 0.88. CoreCivic, Inc. has a fifty-two week low of $7.84 and a fifty-two week high of $13.50. The firm has a 50-day moving average of $10.80 and a 200 day moving average of $9.79.

CoreCivic (NYSE:CXW – Get Free Report) last issued its earnings results on Monday, August 7th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.21). The business had revenue of $463.68 million for the quarter, compared to the consensus estimate of $467.46 million. CoreCivic had a return on equity of 4.27% and a net margin of 6.46%. CoreCivic’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 EPS. On average, research analysts expect that CoreCivic, Inc. will post 1.39 EPS for the current year.

Insiders Place Their Bets

In other CoreCivic news, EVP Cole G. Carter sold 5,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $9.75, for a total transaction of $48,750.00. Following the completion of the transaction, the executive vice president now owns 236,162 shares in the company, valued at $2,302,579.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Anthony L. Grande sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $10.35, for a total value of $465,750.00. Following the completion of the transaction, the executive vice president now directly owns 155,472 shares in the company, valued at $1,609,135.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Cole G. Carter sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $9.75, for a total transaction of $48,750.00. Following the completion of the transaction, the executive vice president now owns 236,162 shares of the company’s stock, valued at $2,302,579.50. The disclosure for this sale can be found here. Insiders sold 184,116 shares of company stock worth $1,904,782 over the last quarter. 1.89% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on CXW. Northland Securities initiated coverage on shares of CoreCivic in a report on Thursday, October 19th. They issued an “outperform” rating and a $16.00 target price for the company. Wedbush restated an “outperform” rating and set a $11.50 price target on shares of CoreCivic in a research report on Tuesday, August 8th. Finally, StockNews.com initiated coverage on shares of CoreCivic in a research report on Thursday, October 5th. They set a “buy” rating for the company.

Check Out Our Latest Stock Report on CoreCivic

CoreCivic Profile

(Free Report)

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.