Yousif Capital Management LLC Has $912,000 Stake in CoreCivic, Inc. (NYSE:CXW)

Yousif Capital Management LLC reduced its stake in CoreCivic, Inc. (NYSE:CXW) by 2.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 41,946 shares of the real estate investment trust’s stock after selling 1,231 shares during the quarter. Yousif Capital Management LLC’s holdings in CoreCivic were worth $912,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. River Road Asset Management LLC boosted its holdings in shares of CoreCivic by 0.5% during the 3rd quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock worth $108,937,000 after buying an additional 40,365 shares during the period. FMR LLC boosted its holdings in CoreCivic by 3.8% during the third quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust’s stock valued at $64,739,000 after acquiring an additional 186,310 shares during the period. State Street Corp grew its position in shares of CoreCivic by 0.4% in the third quarter. State Street Corp now owns 4,200,268 shares of the real estate investment trust’s stock valued at $53,133,000 after purchasing an additional 18,415 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of CoreCivic by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,570,005 shares of the real estate investment trust’s stock worth $32,517,000 after purchasing an additional 18,410 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of CoreCivic by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,481,315 shares of the real estate investment trust’s stock worth $31,389,000 after purchasing an additional 35,591 shares during the last quarter. Institutional investors own 85.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on CXW. Wedbush reaffirmed an “outperform” rating and issued a $30.00 price target on shares of CoreCivic in a research report on Tuesday. Northland Securities boosted their target price on shares of CoreCivic from $17.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. StockNews.com upgraded shares of CoreCivic from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Noble Financial raised shares of CoreCivic from a “market perform” rating to an “outperform” rating in a research report on Wednesday.

CoreCivic Stock Performance

CXW opened at $18.78 on Friday. The stock’s 50 day simple moving average is $21.19 and its 200-day simple moving average is $17.34. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. The stock has a market cap of $2.07 billion, a PE ratio of 28.03 and a beta of 1.00. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99.

CoreCivic (NYSE:CXW) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.06. CoreCivic had a net margin of 3.85% and a return on equity of 6.55%. Sell-side analysts forecast that CoreCivic, Inc. will post 1.64 EPS for the current year.

Insider Buying and Selling

In other news, Director Mark A. Emkes sold 16,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $22.70, for a total value of $363,200.00. Following the sale, the director now owns 149,264 shares of the company’s stock, valued at approximately $3,388,292.80. This represents a 9.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Anthony L. Grande sold 26,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total transaction of $576,680.00. Following the sale, the executive vice president now owns 127,380 shares of the company’s stock, valued at $2,825,288.40. This trade represents a 16.95 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.89% of the company’s stock.

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.