River Road Asset Management LLC Grows Position in CoreCivic, Inc. (NYSE:CXW)

River Road Asset Management LLC boosted its holdings in CoreCivic, Inc. (NYSE:CXW - Free Report) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,611,640 shares of the real estate investment trust's stock after buying an additional 40,365 shares during the quarter. CoreCivic makes up 1.4% of River Road Asset Management LLC's holdings, making the stock its 17th biggest holding. River Road Asset Management LLC owned approximately 7.81% of CoreCivic worth $108,937,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. abrdn plc increased its holdings in shares of CoreCivic by 8.7% during the third quarter. abrdn plc now owns 1,031,400 shares of the real estate investment trust's stock worth $13,047,000 after buying an additional 82,500 shares in the last quarter. Foundry Partners LLC raised its position in CoreCivic by 11.4% in the first quarter. Foundry Partners LLC now owns 530,237 shares of the real estate investment trust's stock valued at $8,277,000 after purchasing an additional 54,377 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in CoreCivic in the second quarter valued at about $6,818,000. Nisa Investment Advisors LLC boosted its stake in shares of CoreCivic by 85.8% during the second quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust's stock valued at $5,204,000 after purchasing an additional 185,075 shares in the last quarter. Finally, Courage Capital Management LLC grew its holdings in shares of CoreCivic by 15.4% during the second quarter. Courage Capital Management LLC now owns 393,491 shares of the real estate investment trust's stock worth $5,108,000 after purchasing an additional 52,491 shares during the last quarter. Institutional investors own 85.13% of the company's stock.

Insider Activity at CoreCivic

In other news, insider David K. Churchill sold 15,000 shares of the business's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $13.61, for a total value of $204,150.00. Following the transaction, the insider now directly owns 214,056 shares of the company's stock, valued at $2,913,302.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider David K. Churchill sold 15,000 shares of CoreCivic stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $13.61, for a total value of $204,150.00. Following the completion of the sale, the insider now owns 214,056 shares in the company, valued at $2,913,302.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David K. Churchill sold 35,000 shares of the business's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $12.62, for a total transaction of $441,700.00. Following the transaction, the insider now owns 229,056 shares in the company, valued at $2,890,686.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 169,996 shares of company stock worth $2,177,640 over the last quarter. Company insiders own 1.89% of the company's stock.

Analyst Upgrades and Downgrades

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

CoreCivic Trading Up 3.3 %

CXW traded up $0.44 during midday trading on Tuesday, hitting $13.63. 1,176,378 shares of the company were exchanged, compared to its average volume of 921,495. The firm's 50 day moving average price is $13.26 and its 200-day moving average price is $13.71. CoreCivic, Inc. has a 1-year low of $10.74 and a 1-year high of $16.54. The firm has a market capitalization of $1.50 billion, a P/E ratio of 21.98 and a beta of 0.86. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.70.

CoreCivic (NYSE:CXW - Get Free Report) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.17 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 company had revenue of $490.11 million during the quarter, compared to the consensus estimate of $481.87 million. During the same quarter in the previous year, the company earned $0.33 earnings per share. The business's revenue was up 5.7% on a year-over-year basis. As a group, equities 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.