CoreCivic, Inc. (NYSE:CXW) Stock Holdings Raised by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 365.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 153,519 shares of the real estate investment trust's stock after buying an additional 120,517 shares during the quarter. BNP Paribas Financial Markets owned about 0.14% of CoreCivic worth $1,942,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. River Road Asset Management LLC lifted its stake in CoreCivic by 0.5% in the third quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust's stock valued at $108,937,000 after buying an additional 40,365 shares during the last quarter. FMR LLC increased its holdings in shares of CoreCivic by 3.8% in the 3rd quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust's stock valued at $64,739,000 after acquiring an additional 186,310 shares during the period. Charles Schwab Investment Management Inc. raised its position in CoreCivic by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,481,315 shares of the real estate investment trust's stock valued at $31,389,000 after purchasing an additional 35,591 shares during the last quarter. abrdn plc boosted its stake in CoreCivic by 8.7% during the 3rd quarter. abrdn plc now owns 1,031,400 shares of the real estate investment trust's stock worth $13,047,000 after purchasing an additional 82,500 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new position in CoreCivic during the 2nd quarter worth $6,818,000. Institutional investors and hedge funds own 85.13% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CXW shares. Wedbush reissued a "neutral" rating and issued a $14.00 target price on shares of CoreCivic in a report on Friday, September 13th. Northland Securities lifted their price objective on shares of CoreCivic from $17.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday, November 8th.

Insider Transactions at CoreCivic

In other CoreCivic news, EVP Anthony L. Grande sold 26,000 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total value of $576,680.00. Following the sale, the executive vice president now directly owns 127,380 shares of the company's stock, valued at approximately $2,825,288.40. This trade represents a 16.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David Garfinkle sold 50,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $24.20, for a total transaction of $1,210,000.00. Following the transaction, the chief financial officer now owns 276,528 shares in the company, valued at approximately $6,691,977.60. The trade was a 15.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,000 shares of company stock valued at $2,490,520 over the last three months. 1.89% of the stock is currently owned by insiders.

CoreCivic Price Performance

Shares of CoreCivic stock traded up $0.15 on Friday, hitting $21.52. The company's stock had a trading volume of 792,861 shares, compared to its average volume of 1,707,092. The company has a market capitalization of $2.37 billion, a P/E ratio of 32.12 and a beta of 1.02. CoreCivic, Inc. has a 52-week low of $10.74 and a 52-week high of $24.99. The firm has a fifty day moving average price of $17.24 and a 200-day moving average price of $14.77. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.66.

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.