CoreCivic, Inc. (NYSE:CXW) Shares Sold by Gill Capital Partners LLC

Gill Capital Partners LLC lowered its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 17.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,417 shares of the real estate investment trust’s stock after selling 4,600 shares during the quarter. Gill Capital Partners LLC’s holdings in CoreCivic were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of CoreCivic during the second quarter worth approximately $29,000. nVerses Capital LLC purchased a new position in shares of CoreCivic during the second quarter worth approximately $40,000. GAMMA Investing LLC grew its position in shares of CoreCivic by 77.7% during the third quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 1,632 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of CoreCivic during the first quarter worth approximately $84,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in CoreCivic in the 1st quarter valued at $87,000. 85.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CoreCivic

In other CoreCivic news, COO Patrick D. Swindle sold 15,000 shares of CoreCivic stock in a transaction dated Monday, August 12th. The stock was 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Damon T. Hininger sold 31,996 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $12.50, for a total value of $399,950.00. Following the completion of the sale, the chief executive officer now owns 788,266 shares of the company’s stock, valued at $9,853,325. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Patrick D. Swindle sold 15,000 shares of the 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 sale, the chief operating officer now directly owns 203,504 shares of the company’s stock, valued at $2,523,449.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 169,996 shares of company stock valued at $2,177,640. 1.89% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

CoreCivic Price Performance

CoreCivic stock opened at $12.73 on Wednesday. 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 quick ratio of 1.44 and a current ratio of 1.44. The business has a fifty day moving average of $12.98 and a two-hundred day moving average of $13.95. The company has a market cap of $1.42 billion, a P/E ratio of 22.72 and a beta of 0.87.

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

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.