nVerses Capital LLC Purchases 5,500 Shares of CoreCivic, Inc. (NYSE:CXW)

nVerses Capital LLC lifted its stake in CoreCivic, Inc. (NYSE:CXW) by 177.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,600 shares of the real estate investment trust’s stock after acquiring an additional 5,500 shares during the period. nVerses Capital LLC’s holdings in CoreCivic were worth $109,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of CoreCivic in the second quarter worth $29,000. GAMMA Investing LLC boosted its holdings in shares of CoreCivic by 77.7% in 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 period. EntryPoint Capital LLC bought a new position in shares of CoreCivic in the first quarter worth $84,000. Allspring Global Investments Holdings LLC bought a new stake in CoreCivic during the first quarter valued at $87,000. Finally, Innealta Capital LLC bought a new stake in CoreCivic during the second quarter valued at $87,000. 85.13% of the stock is owned by institutional investors.

Insider Transactions at CoreCivic

In other news, insider David K. Churchill sold 35,000 shares of CoreCivic stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $12.62, for a total value of $441,700.00. Following the transaction, the insider now owns 229,056 shares in the company, valued at approximately $2,890,686.72. 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 accessible through this hyperlink. In other news, insider David K. Churchill sold 35,000 shares of CoreCivic stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $12.62, for a total value of $441,700.00. Following the transaction, the insider now owns 229,056 shares in the company, valued at approximately $2,890,686.72. 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 accessible through this hyperlink. Also, 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 transaction, the chief operating officer now owns 203,504 shares in the company, valued at approximately $2,523,449.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 169,996 shares of company stock worth $2,177,640. Company insiders own 1.89% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CoreCivic Trading Down 0.5 %

NYSE CXW opened at $13.87 on Monday. The stock’s 50-day simple moving average is $13.09 and its two-hundred day simple moving average is $13.83. CoreCivic, Inc. has a twelve month low of $10.74 and a twelve month high of $16.54. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 24.77 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 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 firm had revenue of $490.11 million for the quarter, compared to analysts’ expectations of $481.87 million. During the same quarter in the previous year, the business earned $0.33 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Research analysts forecast that CoreCivic, Inc. will post 1.49 EPS 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.