Resolute Capital Asset Partners LLC Buys Shares of 50,000 CoreCivic, Inc. (NYSE:CXW)

Resolute Capital Asset Partners LLC purchased a new position in CoreCivic, Inc. (NYSE:CXW) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 50,000 shares of the real estate investment trust’s stock, valued at approximately $649,000.

Other institutional investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in CoreCivic during the 2nd quarter worth approximately $29,000. nVerses Capital LLC acquired a new stake in shares of CoreCivic during the second quarter worth $40,000. EntryPoint Capital LLC acquired a new stake in shares of CoreCivic during the first quarter worth $84,000. Allspring Global Investments Holdings LLC bought a new stake in CoreCivic in the 1st quarter valued at $87,000. Finally, Innealta Capital LLC acquired a new position in CoreCivic in the 2nd quarter worth $87,000. Institutional investors own 85.13% of the company’s stock.

Insider Transactions at CoreCivic

In related news, COO Patrick D. Swindle sold 15,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $12.40, for a total value of $186,000.00. Following the completion of the transaction, the chief operating officer now directly owns 203,504 shares of the company’s stock, valued at $2,523,449.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other CoreCivic news, COO Patrick D. Swindle sold 15,000 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $12.40, for a total value of $186,000.00. Following the completion of the sale, the chief operating officer now owns 203,504 shares in the company, valued at $2,523,449.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Lucibeth Mayberry sold 40,000 shares of CoreCivic stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $12.63, for a total transaction of $505,200.00. Following the completion of the transaction, the executive vice president now directly owns 223,733 shares of the company’s stock, valued at approximately $2,825,747.79. The disclosure for this sale can be found here. Insiders have sold a total of 161,996 shares of company stock worth $2,077,000 in the last 90 days. Corporate insiders own 1.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CXW. Noble Financial lowered CoreCivic from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 12th. Wedbush restated a “neutral” rating and issued a $14.00 target price on shares of CoreCivic in a research note on Friday, September 13th.

CoreCivic Stock Down 3.7 %

Shares of CXW stock opened at $12.87 on Thursday. The firm’s fifty day moving average price is $13.44 and its two-hundred day moving average price is $14.18. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.70. CoreCivic, Inc. has a 1 year low of $10.11 and a 1 year high of $16.54. The firm has a market capitalization of $1.43 billion, a P/E ratio of 22.97 and a beta of 0.87.

CoreCivic (NYSE:CXW) last released its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). CoreCivic had a net margin of 3.50% and a return on equity of 6.10%. The company had revenue of $490.11 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. On average, equities analysts predict that CoreCivic, Inc. will post 1.49 EPS for the current fiscal year.

CoreCivic Company 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.