New Age Alpha Advisors LLC Acquires New Stake in CoreCivic, Inc. (NYSE:CXW)

New Age Alpha Advisors LLC bought a new position in shares of CoreCivic, Inc. (NYSE:CXW) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 112,751 shares of the real estate investment trust’s stock, valued at approximately $2,288,000. New Age Alpha Advisors LLC owned about 0.10% of CoreCivic as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CXW. Copia Wealth Management acquired a new stake in shares of CoreCivic in the fourth quarter valued at about $82,000. Russell Investments Group Ltd. increased its position in CoreCivic by 86,300.0% during the 4th quarter. Russell Investments Group Ltd. now owns 4,320 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 4,315 shares during the period. GAMMA Investing LLC raised its holdings in CoreCivic by 10.0% during the 1st quarter. GAMMA Investing LLC now owns 5,156 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 470 shares during the last quarter. Harbour Investments Inc. lifted its position in shares of CoreCivic by 215.6% in the 1st quarter. Harbour Investments Inc. now owns 5,337 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 3,646 shares during the period. Finally, Harvest Fund Management Co. Ltd boosted its stake in shares of CoreCivic by 29.6% in the 1st 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 last quarter. 85.13% of the stock is owned by institutional investors and hedge funds.

CoreCivic Trading Down 2.1%

Shares of CoreCivic stock opened at $19.70 on Thursday. The firm has a market cap of $2.15 billion, a PE ratio of 25.91 and a beta of 0.80. CoreCivic, Inc. has a 1 year low of $11.98 and a 1 year high of $24.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a fifty day moving average price of $20.99 and a 200-day moving average price of $20.74.

CoreCivic (NYSE:CXW) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.59 EPS for the quarter, beating the consensus estimate of $0.43 by $0.16. CoreCivic had a return on equity of 5.75% and a net margin of 4.33%. The business had revenue of $538.17 million for the quarter, compared to the consensus estimate of $499.02 million. During the same quarter in the prior year, the business earned $0.42 earnings per share. CoreCivic’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts anticipate that CoreCivic, Inc. will post 1.5 EPS for the current year.

Analyst Ratings Changes

CXW has been the subject of a number of recent analyst reports. Wall Street Zen lowered CoreCivic from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Jones Trading reaffirmed a “buy” rating and set a $30.00 target price on shares of CoreCivic in a research note on Friday, July 18th. Finally, Wedbush reiterated an “outperform” rating and issued a $38.00 target price on shares of CoreCivic in a report on Wednesday, June 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.33.

Insider Buying and Selling

In other news, EVP Lucibeth Mayberry sold 75,000 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $21.49, for a total value of $1,611,750.00. Following the sale, the executive vice president directly owned 211,232 shares of the company’s stock, valued at approximately $4,539,375.68. This represents a 26.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Damon T. Hininger sold 72,246 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $22.50, for a total transaction of $1,625,535.00. Following the completion of the transaction, the chief executive officer owned 879,324 shares in the company, valued at approximately $19,784,790. This trade represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 184,246 shares of company stock valued at $4,061,215 in the last 90 days. Corporate insiders own 2.30% of the company’s stock.

About CoreCivic

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.