Dimensional Fund Advisors LP Invests $1.12 Million in CoreCivic, Inc. (NYSE:CXW)

Dimensional Fund Advisors LP acquired a new position in CoreCivic, Inc. (NYSE:CXW) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 85,915 shares of the real estate investment trust’s stock, valued at approximately $1,115,000. Dimensional Fund Advisors LP owned about 0.08% of CoreCivic at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Headlands Technologies LLC bought a new position in CoreCivic during the second quarter worth $29,000. nVerses Capital LLC bought a new stake in CoreCivic in the 2nd quarter valued at $40,000. EntryPoint Capital LLC bought a new stake in CoreCivic in the 1st quarter valued at $84,000. Allspring Global Investments Holdings LLC bought a new stake in CoreCivic in the 1st quarter valued at $87,000. Finally, Innealta Capital LLC bought a new stake in CoreCivic in the 2nd quarter valued at $87,000. 85.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wedbush reaffirmed a “neutral” rating and issued a $14.00 target price on shares of CoreCivic in a report on Friday, September 13th.

CoreCivic Stock Performance

CoreCivic stock opened at $13.06 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.70. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year high of $16.54. The company has a market cap of $1.45 billion, a PE ratio of 23.32 and a beta of 0.87. The company’s 50-day moving average is $12.94 and its two-hundred day moving average is $13.90.

CoreCivic (NYSE:CXW) last announced 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). The firm had revenue of $490.11 million during the quarter, compared to analyst estimates of $481.87 million. CoreCivic had a net margin of 3.50% and a return on equity of 6.10%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. Equities analysts anticipate that CoreCivic, Inc. will post 1.49 earnings per share for the current year.

Insider Activity at CoreCivic

In related news, EVP Cole G. Carter sold 8,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $12.58, for a total transaction of $100,640.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Cole G. Carter sold 8,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $12.58, for a total transaction of $100,640.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lucibeth Mayberry sold 40,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $12.63, for a total value of $505,200.00. Following the sale, the executive vice president now directly owns 223,733 shares of the company’s stock, valued at approximately $2,825,747.79. The trade was 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 ninety days. Company insiders own 1.89% of the company’s stock.

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.