Quantbot Technologies LP increased its position in CoreCivic, Inc. (NYSE:CXW - Free Report) by 1,448.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,700 shares of the real estate investment trust's stock after acquiring an additional 71,747 shares during the period. Quantbot Technologies LP owned about 0.07% of CoreCivic worth $970,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in shares of CoreCivic by 2.7% during the first 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 buying an additional 5,547 shares during the last quarter. SG Americas Securities LLC grew its stake 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 acquiring an additional 7,094 shares during the period. Wedge Capital Management L L P NC raised its holdings in shares of CoreCivic by 21.8% during the second quarter. Wedge Capital Management L L P NC now owns 97,309 shares of the real estate investment trust's stock valued at $1,263,000 after purchasing an additional 17,385 shares during the last quarter. Nisa Investment Advisors LLC lifted its position 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 purchasing an additional 185,075 shares during the period. Finally, SummerHaven Investment Management LLC boosted its holdings in CoreCivic by 1.3% in the second quarter. SummerHaven Investment Management LLC now owns 79,592 shares of the real estate investment trust's stock worth $1,033,000 after purchasing an additional 998 shares during the last quarter. 85.13% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. Northland Securities boosted their target price on shares of CoreCivic from $17.00 to $32.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Wedbush reissued a "neutral" rating and issued a $14.00 target price on shares of CoreCivic in a report on Friday, September 13th.
Get Our Latest Stock Report on CoreCivic
Insider Buying and Selling
In related news, EVP Cole G. Carter sold 8,000 shares of the stock in a transaction dated 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 owns 207,847 shares in the company, valued at approximately $2,614,715.26. This trade represents a 3.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David Garfinkle sold 50,000 shares of CoreCivic stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $24.20, for a total value of $1,210,000.00. Following the sale, the chief financial officer now directly owns 276,528 shares in the company, valued at $6,691,977.60. This trade represents a 15.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,000 shares of company stock valued at $2,490,520. 1.89% of the stock is owned by company insiders.
CoreCivic Stock Performance
CXW traded down $0.51 during trading on Monday, hitting $21.82. The company's stock had a trading volume of 1,367,841 shares, compared to its average volume of 1,012,688. The business's 50 day simple moving average is $16.36 and its 200-day simple moving average is $14.54. The firm has a market cap of $2.41 billion, a PE ratio of 33.33 and a beta of 0.86. CoreCivic, Inc. has a one year low of $10.74 and a one year high of $24.99. 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
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Free Report)
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.
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