EMC Capital Management Decreases Stock Position in CoreCivic, Inc. (NYSE:CXW)

EMC Capital Management lessened its position in shares of CoreCivic, Inc. (NYSE:CXW) by 81.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,224 shares of the real estate investment trust’s stock after selling 14,109 shares during the period. EMC Capital Management’s holdings in CoreCivic were worth $41,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in CoreCivic in the 2nd quarter valued at about $29,000. nVerses Capital LLC bought a new stake in shares of CoreCivic in the second quarter valued at approximately $40,000. GAMMA Investing LLC lifted its stake in shares of CoreCivic by 77.7% during the 3rd quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 1,632 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of CoreCivic during the 1st quarter valued at approximately $84,000. Finally, Allspring Global Investments Holdings LLC bought a new position in CoreCivic in the 1st quarter worth approximately $87,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Insider Transactions at CoreCivic

In other news, EVP Cole G. Carter sold 8,000 shares of CoreCivic stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $12.58, for a total transaction of $100,640.00. Following the completion of the sale, the executive vice president now owns 207,847 shares in the company, valued at approximately $2,614,715.26. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Cole G. Carter sold 8,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $12.58, for a total transaction of $100,640.00. Following the sale, the executive vice president now owns 207,847 shares in the company, valued at approximately $2,614,715.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 completion of the transaction, the chief operating officer now owns 203,504 shares of the company’s stock, valued at $2,523,449.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 169,996 shares of company stock valued at $2,177,640. 1.89% of the stock is currently owned by company insiders.

CoreCivic Stock Down 3.6 %

CXW stock opened at $13.32 on Friday. The stock has a 50-day simple moving average of $13.28 and a two-hundred day simple moving average of $13.75. CoreCivic, Inc. has a twelve month low of $10.74 and a twelve month high of $16.54. The firm has a market capitalization of $1.47 billion, a PE ratio of 22.19 and a beta of 0.87. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.70.

CoreCivic (NYSE:CXW) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate 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 firm posted $0.33 EPS. CoreCivic’s revenue was up 5.7% on a year-over-year basis. On average, equities analysts predict that CoreCivic, Inc. will post 1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wedbush restated a “neutral” rating and set a $14.00 target price on shares of CoreCivic in a research report on Friday, September 13th.

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.