Dynamic Technology Lab Private Ltd Purchases 51,316 Shares of CoreCivic, Inc. (NYSE:CXW)

Dynamic Technology Lab Private Ltd grew its stake in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 323.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,183 shares of the real estate investment trust's stock after acquiring an additional 51,316 shares during the period. Dynamic Technology Lab Private Ltd owned 0.06% of CoreCivic worth $850,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CXW. CANADA LIFE ASSURANCE Co grew its stake in CoreCivic by 8.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 103,894 shares of the real estate investment trust's stock valued at $1,619,000 after acquiring an additional 7,828 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of CoreCivic by 2.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 214,736 shares of the real estate investment trust's stock valued at $3,353,000 after purchasing an additional 5,547 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of CoreCivic by 79.3% in the second quarter. SG Americas Securities LLC now owns 16,036 shares of the real estate investment trust's stock worth $208,000 after purchasing an additional 7,094 shares during the period. Wedge Capital Management L L P NC raised its position in shares of CoreCivic by 21.8% in the second quarter. Wedge Capital Management L L P NC now owns 97,309 shares of the real estate investment trust's stock worth $1,263,000 after buying an additional 17,385 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in 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 buying an additional 185,075 shares during the period. 85.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity at CoreCivic

In related news, CFO David Garfinkle sold 50,000 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $24.20, for a total value of $1,210,000.00. Following the completion of the sale, the chief financial officer now owns 276,528 shares in the company, valued at $6,691,977.60. The trade was a 15.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Anne L. Mariucci sold 10,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the director now owns 101,936 shares in the company, valued at $2,446,464. The trade was a 8.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,000 shares of company stock valued at $2,490,520 over the last 90 days. 2.21% of the stock is owned by insiders.

CoreCivic Price Performance

Shares of CoreCivic stock traded up $0.55 on Thursday, hitting $22.49. 1,672,886 shares of the company traded hands, compared to its average volume of 1,012,526. CoreCivic, Inc. has a 12-month low of $10.74 and a 12-month high of $24.99. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. The company has a market cap of $2.48 billion, a P/E ratio of 33.57 and a beta of 0.86. The firm's 50-day simple moving average is $15.97 and its 200 day simple moving average is $14.44.

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.