Y Intercept Hong Kong Ltd Cuts Holdings in CoreCivic, Inc. (NYSE:CXW)

Y Intercept Hong Kong Ltd lessened its holdings in CoreCivic, Inc. (NYSE:CXW - Free Report) by 62.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,647 shares of the real estate investment trust's stock after selling 40,309 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in CoreCivic were worth $312,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. River Road Asset Management LLC boosted its stake in CoreCivic by 0.5% during 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. FMR LLC boosted its stake in CoreCivic by 3.8% during the 3rd quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust's stock valued at $64,739,000 after purchasing an additional 186,310 shares during the last quarter. State Street Corp boosted its stake in CoreCivic by 0.4% during the 3rd quarter. State Street Corp now owns 4,200,268 shares of the real estate investment trust's stock valued at $53,133,000 after purchasing an additional 18,415 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in CoreCivic by 1.5% during 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 during the last quarter. Finally, Wellington Management Group LLP boosted its stake in CoreCivic by 1.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,059,925 shares of the real estate investment trust's stock valued at $13,408,000 after purchasing an additional 19,706 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company's stock.

CoreCivic Stock Performance

Shares of NYSE CXW traded down $0.86 during midday trading on Wednesday, hitting $20.53. 966,336 shares of the stock traded hands, compared to its average volume of 1,017,460. The firm has a 50-day moving average of $18.53 and a two-hundred day moving average of $15.08. The firm has a market capitalization of $2.26 billion, a P/E ratio of 30.64 and a beta of 1.02. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.51. CoreCivic, Inc. has a one year low of $10.74 and a one year high of $24.99.

Analyst Ratings Changes

CXW has been the topic of several research analyst reports. Wedbush raised CoreCivic from a "neutral" rating to an "outperform" rating and increased their price target for the company from $19.00 to $30.00 in a report on Tuesday, December 10th. Northland Securities increased their price target on CoreCivic from $17.00 to $32.00 and gave the company an "outperform" rating in a report on Friday, November 8th.

Insider Buying and Selling

In other CoreCivic news, EVP Cole G. Carter sold 8,000 shares of the firm'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 sale, the executive vice president now directly owns 207,847 shares of the company's stock, valued at $2,614,715.26. This trade represents a 3.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Garfinkle sold 50,000 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $24.20, for a total value of $1,210,000.00. Following the sale, the chief financial officer now directly 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 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. 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.