SG Americas Securities LLC Has $846,000 Stake in CoreCivic, Inc. (NYSE:CXW)

Posted by MarketBeat News on Aug 1st, 2022

SG Americas Securities LLC trimmed its position in shares of CoreCivic, Inc. (NYSE:CXW – Get Rating) by 53.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,738 shares of the real estate investment trust’s stock after selling 87,598 shares during the period. SG Americas Securities LLC owned approximately 0.06% of CoreCivic worth $846,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. River Road Asset Management LLC grew its stake in CoreCivic by 12.7% during the fourth quarter. River Road Asset Management LLC now owns 7,963,742 shares of the real estate investment trust’s stock worth $79,399,000 after buying an additional 900,290 shares in the last quarter. Northern Trust Corp boosted its stake in shares of CoreCivic by 1.0% in the 4th quarter. Northern Trust Corp now owns 1,393,650 shares of the real estate investment trust’s stock valued at $13,895,000 after purchasing an additional 14,333 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of CoreCivic by 0.6% in the 4th quarter. Rhumbline Advisers now owns 350,679 shares of the real estate investment trust’s stock valued at $3,496,000 after purchasing an additional 2,233 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of CoreCivic by 17.2% in the 4th quarter. Bank of America Corp DE now owns 217,635 shares of the real estate investment trust’s stock valued at $2,169,000 after purchasing an additional 31,869 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of CoreCivic by 826.4% in the 4th quarter. Teacher Retirement System of Texas now owns 178,638 shares of the real estate investment trust’s stock valued at $1,781,000 after purchasing an additional 159,354 shares in the last quarter. 82.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CXW shares. Wedbush upgraded shares of CoreCivic from a “neutral” rating to an “outperform” rating and set a $17.00 price target on the stock in a research note on Thursday, April 14th. Wells Fargo & Company upgraded shares of CoreCivic from a “neutral” rating to an “outperform” rating and set a $17.00 price target on the stock in a research note on Thursday, April 14th.

Insiders Place Their Bets

In other CoreCivic news, EVP Lucibeth Mayberry sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 28th. The shares were sold at an average price of $11.37, for a total transaction of $852,750.00. Following the completion of the transaction, the executive vice president now owns 229,799 shares in the company, valued at approximately $2,612,814.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Lucibeth Mayberry sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 28th. The shares were sold at an average price of $11.37, for a total transaction of $852,750.00. Following the completion of the sale, the executive vice president now owns 229,799 shares of the company’s stock, valued at approximately $2,612,814.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Patrick D. Swindle sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $13.24, for a total transaction of $264,800.00. Following the sale, the chief operating officer now directly owns 204,805 shares of the company’s stock, valued at approximately $2,711,618.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 105,000 shares of company stock worth $1,247,350. 1.93% of the stock is currently owned by insiders.

CoreCivic Stock Down 2.3 %

Shares of NYSE CXW opened at $10.77 on Monday. The company has a 50 day simple moving average of $11.62 and a 200 day simple moving average of $11.00. The firm has a market cap of $1.31 billion, a PE ratio of 13.99 and a beta of 0.87. CoreCivic, Inc. has a 1 year low of $8.23 and a 1 year high of $14.24. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.88 and a quick ratio of 1.87.

CoreCivic (NYSE:CXW – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). CoreCivic had a return on equity of 8.49% and a net margin of 4.98%. The firm had revenue of $453.00 million for the quarter, compared to the consensus estimate of $467.34 million. During the same quarter in the previous year, the business posted $0.44 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. On average, research analysts forecast that CoreCivic, Inc. will post 1.52 EPS for the current year.

CoreCivic Company Profile

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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.