Fmr LLC Buys 186,310 Shares of CoreCivic, Inc. (NYSE:CXW)

FMR LLC boosted its holdings in CoreCivic, Inc. (NYSE:CXW - Free Report) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,117,716 shares of the real estate investment trust's stock after purchasing an additional 186,310 shares during the period. FMR LLC owned approximately 4.64% of CoreCivic worth $64,739,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new position in shares of CoreCivic in the second quarter valued at about $29,000. nVerses Capital LLC purchased a new position in shares of CoreCivic in the second quarter valued at about $40,000. GAMMA Investing LLC increased 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 acquiring an additional 1,632 shares during the period. Innealta Capital LLC purchased a new position in shares of CoreCivic in the second quarter valued at about $87,000. Finally, Chesapeake Capital Corp IL purchased a new position in shares of CoreCivic in the third quarter valued at about $139,000. 85.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CXW has been the topic of a number of analyst reports. Northland Securities boosted 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. Wedbush restated a "neutral" rating and issued a $14.00 price objective on shares of CoreCivic in a research report on Friday, September 13th.

CoreCivic Trading Up 0.7 %

Shares of NYSE CXW traded up $0.15 during midday trading on Friday, hitting $21.52. 792,861 shares of the company traded hands, compared to its average volume of 1,707,092. CoreCivic, Inc. has a 12-month low of $10.74 and a 12-month high of $24.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a 50-day moving average price of $17.24 and a 200 day moving average price of $14.77. The firm has a market cap of $2.37 billion, a P/E ratio of 32.10 and a beta of 1.02.

Insider Activity at CoreCivic

In other CoreCivic news, Director Anne L. Mariucci sold 10,000 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the director now owns 101,936 shares in the company, valued at approximately $2,446,464. This represents a 8.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Cole G. Carter sold 8,000 shares of the company's 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 position. The disclosure for this sale can be found here. Insiders have sold 110,000 shares of company stock worth $2,490,520 over the last 90 days. 1.89% of the stock is owned by company insiders.

CoreCivic 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.