Caxton Associates LP Acquires 47,948 Shares of CoreCivic, Inc. (NYSE:CXW)

Caxton Associates LP increased its holdings in shares of CoreCivic, Inc. (NYSE:CXW) by 219.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,808 shares of the real estate investment trust’s stock after purchasing an additional 47,948 shares during the period. Caxton Associates LP’s holdings in CoreCivic were worth $1,090,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of CoreCivic by 2.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 214,736 shares of the real estate investment trust’s stock valued at $3,353,000 after purchasing an additional 5,547 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of CoreCivic during the 1st quarter valued at about $84,000. CANADA LIFE ASSURANCE Co lifted its holdings in shares of CoreCivic by 8.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 103,894 shares of the real estate investment trust’s stock valued at $1,619,000 after purchasing an additional 7,828 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of CoreCivic by 3.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 67,663 shares of the real estate investment trust’s stock valued at $1,056,000 after purchasing an additional 1,954 shares in the last quarter. Finally, Courage Capital Management LLC bought a new position in shares of CoreCivic during the 1st quarter valued at about $5,323,000. Institutional investors own 85.13% of the company’s stock.

CoreCivic Stock Performance

Shares of CXW stock traded down $0.16 during trading on Tuesday, reaching $14.07. 143,719 shares of the company’s stock were exchanged, compared to its average volume of 923,215. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $1.57 billion, a PE ratio of 25.39 and a beta of 0.87. CoreCivic, Inc. has a twelve month low of $9.40 and a twelve month high of $16.54. The firm’s fifty day moving average price is $13.84 and its 200-day moving average price is $14.51.

CoreCivic (NYSE:CXW) last posted its earnings results on Wednesday, May 8th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.12). The business had revenue of $500.69 million for the quarter, compared to analyst estimates of $477.93 million. CoreCivic had a return on equity of 5.74% and a net margin of 3.34%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 earnings per share. As a group, sell-side analysts anticipate that CoreCivic, Inc. will post 1.45 EPS for the current year.

Insider Buying and Selling at CoreCivic

In other CoreCivic news, CFO David Garfinkle sold 19,900 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $15.18, for a total value of $302,082.00. Following the transaction, the chief financial officer now directly owns 361,628 shares of the company’s stock, valued at approximately $5,489,513.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other CoreCivic news, CFO David Garfinkle sold 19,900 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $15.18, for a total value of $302,082.00. Following the transaction, the chief financial officer now directly owns 361,628 shares of the company’s stock, valued at approximately $5,489,513.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Anthony L. Grande sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $15.51, for a total value of $232,650.00. Following the completion of the transaction, the executive vice president now directly owns 168,380 shares in the company, valued at $2,611,573.80. The disclosure for this sale can be found here. Insiders own 1.89% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Noble Financial cut CoreCivic from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 12th. Wedbush cut CoreCivic from an “outperform” rating to a “neutral” rating and cut their target price for the company from $19.00 to $14.00 in a research note on Tuesday, June 11th. Finally, StockNews.com cut CoreCivic from a “buy” rating to a “hold” rating in a research note on Monday, April 29th.

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.