Charles Schwab Investment Management Inc. Raises Stock Holdings in CoreCivic, Inc. (NYSE:CXW)

Charles Schwab Investment Management Inc. increased its holdings in CoreCivic, Inc. (NYSE:CXW - Free Report) by 1.5% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,481,315 shares of the real estate investment trust's stock after buying an additional 35,591 shares during the quarter. Charles Schwab Investment Management Inc. owned about 2.25% of CoreCivic worth $31,389,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Headlands Technologies LLC bought a new stake in shares of CoreCivic during the 2nd quarter valued at about $29,000. nVerses Capital LLC bought a new stake in shares of CoreCivic during the 2nd quarter valued at about $40,000. GAMMA Investing LLC grew its stake in shares of CoreCivic by 77.7% during the 3rd 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 bought a new stake in shares of CoreCivic during the 2nd quarter valued at about $87,000. Finally, Chesapeake Capital Corp IL bought a new stake in shares of CoreCivic during the 3rd quarter valued at about $139,000. 85.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO David Garfinkle sold 50,000 shares of the company'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 transaction of $1,210,000.00. Following the sale, the chief financial officer now directly owns 276,528 shares of the company's stock, valued at $6,691,977.60. This represents a 15.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Anthony L. Grande sold 26,000 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $2,825,288.40. This trade represents a 16.95 % decrease in their ownership of the stock. 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. Corporate insiders own 2.21% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CXW shares. 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. Wedbush reiterated a "neutral" rating and set a $14.00 price objective on shares of CoreCivic in a research note on Friday, September 13th.

CoreCivic Price Performance

NYSE CXW traded up $0.53 during trading hours on Wednesday, reaching $21.88. The company's stock had a trading volume of 1,327,828 shares, compared to its average volume of 1,016,614. The firm's 50-day moving average price is $16.70 and its 200-day moving average price is $14.63. 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, Inc. has a 1 year low of $10.74 and a 1 year high of $24.99. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 31.82 and a beta of 1.02.

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.