Martingale Asset Management L P Lowers Stock Holdings in CoreCivic, Inc. (NYSE:CXW)

Martingale Asset Management L P trimmed its position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 59.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,533 shares of the real estate investment trust's stock after selling 83,745 shares during the period. Martingale Asset Management L P owned approximately 0.05% of CoreCivic worth $728,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in CoreCivic during the second quarter worth $29,000. nVerses Capital LLC purchased a new stake in shares of CoreCivic during the second quarter worth $40,000. GAMMA Investing LLC increased its position in shares of CoreCivic by 77.7% during the third quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 1,632 shares during the period. Innealta Capital LLC purchased a new stake in shares of CoreCivic during the second quarter worth $87,000. Finally, Chesapeake Capital Corp IL purchased a new stake in shares of CoreCivic during the third quarter worth $139,000. 85.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CoreCivic

In other news, 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 transaction of $1,210,000.00. Following the completion of the sale, the chief financial officer now directly owns 276,528 shares in the company, valued at approximately $6,691,977.60. This trade represents a 15.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Cole G. Carter sold 8,000 shares of CoreCivic stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $12.58, for a total transaction of $100,640.00. Following the sale, the executive vice president now owns 207,847 shares of the company's stock, valued at approximately $2,614,715.26. The trade was a 3.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,000 shares of company stock worth $2,490,520 over the last 90 days. Company insiders own 2.21% of the company's stock.

CoreCivic Stock Performance

Shares of CXW traded down $0.32 during mid-day trading on Tuesday, hitting $21.32. 1,153,721 shares of the company's stock were exchanged, compared to its average volume of 1,015,276. CoreCivic, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $24.99. The firm has a market capitalization of $2.35 billion, a P/E ratio of 31.87 and a beta of 1.02. The business's 50 day moving average is $16.53 and its two-hundred day moving average is $14.59. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66.

Analyst Ratings Changes

Several research firms recently commented on CXW. Northland Securities increased their target price on CoreCivic from $17.00 to $32.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Wedbush reaffirmed a "neutral" rating and set a $14.00 price objective on shares of CoreCivic in a report on Friday, September 13th.

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.