CoreCivic, Inc. (NYSE:CXW) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC decreased its position in CoreCivic, Inc. (NYSE:CXW - Free Report) by 36.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,491 shares of the real estate investment trust's stock after selling 35,553 shares during the period. Wedge Capital Management L L P NC owned approximately 0.06% of CoreCivic worth $1,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of CXW. GAMMA Investing LLC grew its position in CoreCivic by 77.7% during the third quarter. GAMMA Investing LLC now owns 3,733 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 1,632 shares during the period. nVerses Capital LLC grew its position in shares of CoreCivic by 177.4% during the 3rd quarter. nVerses Capital LLC now owns 8,600 shares of the real estate investment trust's stock valued at $109,000 after acquiring an additional 5,500 shares during the period. Chesapeake Capital Corp IL purchased a new position in shares of CoreCivic in the 3rd quarter valued at about $139,000. Tidal Investments LLC acquired a new position in CoreCivic in the 3rd quarter worth about $139,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in CoreCivic during the third quarter worth approximately $144,000. Hedge funds and other institutional investors own 85.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CXW. Northland Securities increased their price objective on shares of CoreCivic from $17.00 to $32.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Wedbush raised shares of CoreCivic from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $19.00 to $30.00 in a research report on Tuesday, December 10th.

Insider Activity

In other CoreCivic news, CFO David Garfinkle sold 50,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $24.20, for a total value of $1,210,000.00. Following the completion of the transaction, the chief financial officer now owns 276,528 shares in the company, valued at approximately $6,691,977.60. This represents a 15.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anne L. Mariucci sold 10,000 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the sale, the director now owns 101,936 shares of the company's stock, valued at $2,446,464. This trade represents a 8.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,000 shares of company stock valued at $2,389,880. 2.21% of the stock is currently owned by company insiders.

CoreCivic Stock Down 0.6 %

Shares of NYSE CXW traded down $0.14 during midday trading on Tuesday, hitting $22.92. 1,185,492 shares of the company's stock were exchanged, compared to its average volume of 984,825. The firm's fifty day simple moving average is $21.87 and its 200-day simple moving average is $16.59. CoreCivic, Inc. has a twelve month low of $10.74 and a twelve month high of $24.99. 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 company has a market cap of $2.53 billion, a PE ratio of 34.20 and a beta of 1.01.

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.