Thrivent Financial for Lutherans Sells 6,195 Shares of CoreCivic, Inc. (NYSE:CXW)

Thrivent Financial for Lutherans lowered its holdings in CoreCivic, Inc. (NYSE:CXW) by 6.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,360 shares of the real estate investment trust’s stock after selling 6,195 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of CoreCivic worth $1,199,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CXW. Goldman Sachs Group Inc. grew its stake in shares of CoreCivic by 1,050.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,138,544 shares of the real estate investment trust’s stock valued at $45,603,000 after buying an additional 2,865,763 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in CoreCivic during the second quarter worth about $6,818,000. Courage Capital Management LLC acquired a new position in CoreCivic during the first quarter worth approximately $5,323,000. Nisa Investment Advisors LLC raised its stake in CoreCivic by 85.8% in the second quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock valued at $5,204,000 after buying an additional 185,075 shares during the period. Finally, Dimensional Fund Advisors LP bought a new position in shares of CoreCivic during the 2nd quarter worth approximately $1,115,000. 85.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CXW shares. Noble Financial downgraded CoreCivic from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 12th. Wedbush reaffirmed a “neutral” rating and set a $14.00 target price on shares of CoreCivic in a report on Friday, September 13th.

CoreCivic Stock Performance

Shares of NYSE CXW opened at $12.61 on Friday. CoreCivic, Inc. has a one year low of $10.74 and a one year high of $16.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 22.52 and a beta of 0.87. The stock’s fifty day moving average price is $13.04 and its two-hundred day moving average price is $14.01.

CoreCivic (NYSE:CXW) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). The business had revenue of $490.11 million for the quarter, compared to the consensus estimate of $481.87 million. CoreCivic had a return on equity of 6.10% and a net margin of 3.50%. CoreCivic’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 earnings per share. On average, equities analysts forecast that CoreCivic, Inc. will post 1.49 EPS for the current year.

Insiders Place Their Bets

In other news, insider David K. Churchill sold 35,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $12.62, for a total transaction of $441,700.00. Following the sale, the insider now directly owns 229,056 shares of the company’s stock, valued at approximately $2,890,686.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider David K. Churchill sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $12.62, for a total transaction of $441,700.00. Following the completion of the sale, the insider now owns 229,056 shares of the company’s stock, valued at approximately $2,890,686.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David K. Churchill sold 15,000 shares of CoreCivic stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $13.61, for a total transaction of $204,150.00. Following the completion of the transaction, the insider now directly owns 214,056 shares in the company, valued at $2,913,302.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 169,996 shares of company stock worth $2,177,640 in the last 90 days. 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.