Louisiana State Employees Retirement System Has $674,000 Stock Holdings in CoreCivic, Inc. (NYSE:CXW)

Louisiana State Employees Retirement System cut its holdings in CoreCivic, Inc. (NYSE:CXW) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 53,300 shares of the real estate investment trust’s stock after selling 2,700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in CoreCivic were worth $674,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Headlands Technologies LLC bought a new stake in CoreCivic in the 2nd quarter valued at approximately $29,000. nVerses Capital LLC bought a new stake in shares of CoreCivic during the 2nd quarter worth approximately $40,000. GAMMA Investing LLC raised its stake in shares of CoreCivic by 77.7% during the 3rd quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,632 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of CoreCivic during the 1st quarter worth approximately $84,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of CoreCivic during the 1st quarter worth approximately $87,000. 85.13% of the stock is currently owned by institutional investors and hedge funds.

CoreCivic Stock Performance

CXW opened at $13.19 on Tuesday. The firm has a market cap of $1.45 billion, a P/E ratio of 21.98 and a beta of 0.86. CoreCivic, Inc. has a 52-week low of $10.74 and a 52-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. The business’s fifty day moving average is $13.26 and its 200-day moving average is $13.71.

CoreCivic (NYSE:CXW) last released its 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 company 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 business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share. Sell-side analysts expect that CoreCivic, Inc. will post 1.49 EPS for the current fiscal year.

Insider Buying and Selling

In other CoreCivic news, EVP Cole G. Carter sold 8,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 207,847 shares of the company’s stock, valued at $2,614,715.26. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider David K. Churchill sold 35,000 shares of the firm’s 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 completion of the transaction, the insider now directly owns 229,056 shares of the company’s stock, valued at $2,890,686.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Cole G. Carter sold 8,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was 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 of the company’s stock, valued at approximately $2,614,715.26. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 169,996 shares of company stock worth $2,177,640 in the last 90 days. Insiders own 1.89% of the company’s stock.

Analysts Set New Price Targets

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

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.