Captrust Financial Advisors Decreases Stake in CoreCivic, Inc. (NYSE:CXW)

Captrust Financial Advisors lowered its stake in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 22.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 170,747 shares of the real estate investment trust's stock after selling 48,169 shares during the quarter. Captrust Financial Advisors owned approximately 0.15% of CoreCivic worth $2,160,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CXW. Headlands Technologies LLC bought a new position in shares of CoreCivic during the 2nd quarter worth $29,000. nVerses Capital LLC purchased a new position in shares of CoreCivic in the second quarter worth about $40,000. GAMMA Investing LLC raised its position in shares of CoreCivic by 77.7% in the third quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 1,632 shares during the period. Innealta Capital LLC purchased a new stake in shares of CoreCivic during the 2nd quarter valued at approximately $87,000. Finally, Chesapeake Capital Corp IL bought a new position in CoreCivic in the 3rd quarter worth approximately $139,000. Hedge funds and other institutional investors own 85.13% of the company's stock.

CoreCivic Price Performance

NYSE:CXW traded up $0.14 during mid-day trading on Friday, hitting $21.51. 792,821 shares of the stock traded hands, compared to its average volume of 1,015,041. The business's 50-day moving average price is $17.24 and its 200 day moving average price is $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. The company has a market cap of $2.37 billion, a PE ratio of 32.10 and a beta of 1.02. CoreCivic, Inc. has a 12-month low of $10.74 and a 12-month high of $24.99.

Wall Street Analyst Weigh In

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

Insider Activity

In other CoreCivic news, EVP Anthony L. Grande sold 26,000 shares of CoreCivic stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total transaction of $576,680.00. Following the completion of the sale, the executive vice president now directly owns 127,380 shares in the company, valued at $2,825,288.40. The trade was a 16.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Emkes sold 16,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $22.70, for a total transaction of $363,200.00. Following the completion of the transaction, the director now directly owns 149,264 shares in the company, valued at $3,388,292.80. The trade was a 9.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,000 shares of company stock worth $2,490,520 in the last three months. Corporate insiders own 1.89% of the company's stock.

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.