CoreCivic, Inc. $CXW Shares Acquired by Versant Capital Management Inc

Versant Capital Management Inc lifted its stake in shares of CoreCivic, Inc. (NYSE:CXW) by 8.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 102,303 shares of the real estate investment trust’s stock after purchasing an additional 8,285 shares during the quarter. Versant Capital Management Inc’s holdings in CoreCivic were worth $2,156,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Copia Wealth Management acquired a new stake in shares of CoreCivic during the fourth quarter worth $82,000. GAMMA Investing LLC lifted its position in CoreCivic by 10.0% during the first quarter. GAMMA Investing LLC now owns 5,156 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 470 shares during the period. Harbour Investments Inc. lifted its position in CoreCivic by 215.6% during the first quarter. Harbour Investments Inc. now owns 5,337 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 3,646 shares during the period. Harvest Fund Management Co. Ltd lifted its position in CoreCivic by 29.6% during the first quarter. Harvest Fund Management Co. Ltd now owns 9,250 shares of the real estate investment trust’s stock valued at $187,000 after purchasing an additional 2,113 shares during the period. Finally, SCS Capital Management LLC acquired a new position in CoreCivic during the first quarter valued at $203,000. 85.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CoreCivic

In other news, Director Thurgood Marshall, Jr. sold 6,000 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $20.52, for a total transaction of $123,120.00. Following the completion of the sale, the director owned 44,023 shares of the company’s stock, valued at $903,351.96. The trade was a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Anthony L. Grande sold 22,500 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $21.18, for a total transaction of $476,550.00. Following the sale, the executive vice president directly owned 135,559 shares of the company’s stock, valued at $2,871,139.62. This represents a 14.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,000 shares of company stock valued at $1,042,545 in the last three months. Corporate insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CXW. Jones Trading restated a “buy” rating and set a $30.00 target price on shares of CoreCivic in a research report on Thursday, August 7th. Wedbush restated an “outperform” rating and set a $38.00 target price on shares of CoreCivic in a research report on Wednesday, June 11th. Finally, Wall Street Zen upgraded shares of CoreCivic from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, CoreCivic has a consensus rating of “Buy” and a consensus target price of $33.33.

CoreCivic Trading Down 1.5%

Shares of CoreCivic stock opened at $21.09 on Friday. The firm has a 50-day simple moving average of $20.58 and a two-hundred day simple moving average of $20.88. The company has a market cap of $2.26 billion, a P/E ratio of 22.44 and a beta of 0.81. CoreCivic, Inc. has a fifty-two week low of $12.24 and a fifty-two week high of $24.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.60 and a current ratio of 1.60.

CoreCivic (NYSE:CXW) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.16. The business had revenue of $538.17 million during the quarter, compared to analysts’ expectations of $499.02 million. CoreCivic had a net margin of 5.21% and a return on equity of 7.12%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.42 earnings per share. As a group, equities analysts predict that CoreCivic, Inc. will post 1.5 earnings per share for the current fiscal year.

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.