AQR Capital Management LLC Cuts Stock Position in CoreCivic, Inc. (NYSE:CXW)

AQR Capital Management LLC lessened its holdings in CoreCivic, Inc. (NYSE:CXW) by 14.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,912 shares of the real estate investment trust’s stock after selling 2,135 shares during the period. AQR Capital Management LLC’s holdings in CoreCivic were worth $168,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of CoreCivic during the second quarter valued at approximately $29,000. nVerses Capital LLC purchased a new position in CoreCivic during the second quarter valued at approximately $40,000. EntryPoint Capital LLC purchased a new position in CoreCivic during the first quarter valued at approximately $84,000. Allspring Global Investments Holdings LLC purchased a new position in CoreCivic during the first quarter valued at approximately $87,000. Finally, Innealta Capital LLC purchased a new position in CoreCivic in the second quarter worth $87,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

CoreCivic Trading Down 0.5 %

Shares of CoreCivic stock opened at $13.87 on Friday. The firm has a 50-day simple moving average of $13.09 and a two-hundred day simple moving average of $13.85. The company has a market cap of $1.53 billion, a P/E ratio of 23.11 and a beta of 0.87. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week 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.

CoreCivic (NYSE:CXW) last announced its quarterly earnings data 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). CoreCivic had a net margin of 3.50% and a return on equity of 6.10%. The business had revenue of $490.11 million for the quarter, compared to analysts’ expectations of $481.87 million. During the same period in the prior year, the company posted $0.33 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. As a group, equities analysts predict that CoreCivic, Inc. will post 1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wedbush reiterated a “neutral” rating and issued a $14.00 price objective on shares of CoreCivic in a research report on Friday, September 13th.

Insider Activity

In other CoreCivic news, EVP Cole G. Carter sold 8,000 shares of CoreCivic stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $12.58, for a total value of $100,640.00. Following the transaction, the executive vice president now directly owns 207,847 shares in the company, valued at approximately $2,614,715.26. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Cole G. Carter sold 8,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $12.58, for a total transaction of $100,640.00. Following the sale, the executive vice president now owns 207,847 shares of the company’s stock, valued at approximately $2,614,715.26. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Lucibeth Mayberry sold 40,000 shares of the company’s 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 sale, the executive vice president now directly owns 223,733 shares in the company, valued at $2,825,747.79. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 169,996 shares of company stock worth $2,177,640. 2.21% of the stock is currently owned by corporate insiders.

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.