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

SG Americas Securities LLC trimmed its position in shares of CoreCivic, Inc. (NYSE:CXWGet 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:CXWGet 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

(Get Rating)

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.

Recommended Stories

Want to see what other hedge funds are holding CXW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoreCivic, Inc. (NYSE:CXWGet Rating).

Institutional Ownership by Quarter for CoreCivic (NYSE:CXW)

Want More Great Investing Ideas?

Receive News & Ratings for CoreCivic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreCivic and related companies with MarketBeat.com's FREE daily email newsletter.