Algert Global LLC boosted its holdings in CoreCivic, Inc. (NYSE:CXW - Free Report) by 348.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,883 shares of the real estate investment trust's stock after purchasing an additional 39,530 shares during the quarter. Algert Global LLC's holdings in CoreCivic were worth $644,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the business. River Road Asset Management LLC boosted its holdings in shares of CoreCivic by 0.5% in the 3rd quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust's stock valued at $108,937,000 after purchasing an additional 40,365 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of CoreCivic by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,481,315 shares of the real estate investment trust's stock valued at $31,389,000 after purchasing an additional 35,591 shares in the last quarter. abrdn plc grew its holdings in shares of CoreCivic by 8.7% during the 3rd quarter. abrdn plc now owns 1,031,400 shares of the real estate investment trust's stock worth $13,047,000 after purchasing an additional 82,500 shares during the period. Lee Danner & Bass Inc. acquired a new stake in CoreCivic during the 2nd quarter worth approximately $6,818,000. Finally, 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 buying an additional 185,075 shares in the last quarter. 85.13% of the stock is currently owned by hedge funds and other institutional investors.
CoreCivic Stock Down 0.7 %
CXW traded down $0.16 during trading hours on Friday, reaching $22.33. 735,928 shares of the stock traded hands, compared to its average volume of 1,011,329. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 33.33 and a beta of 0.86. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.51. The firm's fifty day simple moving average is $16.36 and its two-hundred day simple moving average is $14.55.
Insider Buying and Selling at CoreCivic
In other news, EVP Anthony L. Grande sold 26,000 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total value of $576,680.00. Following the completion of the sale, the executive vice president now owns 127,380 shares of the company's stock, valued at approximately $2,825,288.40. The trade was a 16.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the executive vice president now directly owns 207,847 shares in the company, valued at $2,614,715.26. The trade was a 3.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,000 shares of company stock valued at $2,490,520 in the last ninety days. Insiders own 1.89% of the company's stock.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Northland Securities upped their price target on shares of CoreCivic from $17.00 to $32.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Wedbush reiterated a "neutral" rating and issued a $14.00 target price on shares of CoreCivic in a research note on Friday, September 13th.
View Our Latest Analysis on CoreCivic
About CoreCivic
(
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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