EMC Capital Management Acquires 14,109 Shares of CoreCivic, Inc. (NYSE:CXW)

EMC Capital Management boosted its stake in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 437.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,333 shares of the real estate investment trust's stock after purchasing an additional 14,109 shares during the period. EMC Capital Management's holdings in CoreCivic were worth $377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CXW. River Road Asset Management LLC lifted its holdings in shares of 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 buying an additional 40,365 shares during the period. FMR LLC increased its position in CoreCivic by 3.8% during the third quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust's stock valued at $64,739,000 after acquiring an additional 186,310 shares during the last quarter. State Street Corp lifted its holdings in CoreCivic by 0.4% in the third quarter. State Street Corp now owns 4,200,268 shares of the real estate investment trust's stock valued at $53,133,000 after acquiring an additional 18,415 shares during the period. Geode Capital Management LLC boosted its position in CoreCivic by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,570,005 shares of the real estate investment trust's stock worth $32,517,000 after purchasing an additional 18,410 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of 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 period. Hedge funds and other institutional investors own 85.13% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Northland Securities increased their price objective on shares of CoreCivic from $17.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Wedbush upgraded shares of CoreCivic from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $19.00 to $30.00 in a research report on Tuesday, December 10th.

CoreCivic Stock Performance

NYSE:CXW traded down $0.44 during mid-day trading on Monday, hitting $20.02. 391,993 shares of the company traded hands, compared to its average volume of 1,080,411. The stock's fifty day moving average price is $21.79 and its 200-day moving average price is $17.06. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.66. CoreCivic, Inc. has a one year low of $10.74 and a one year high of $24.99. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 29.92 and a beta of 1.00.

Insider Activity at CoreCivic

In other CoreCivic news, CFO David Garfinkle sold 50,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 276,528 shares in the company, valued at $6,691,977.60. This represents a 15.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Emkes sold 16,000 shares of the firm's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $22.70, for a total transaction of $363,200.00. Following the sale, the director now owns 149,264 shares in the company, valued at $3,388,292.80. The trade was a 9.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,000 shares of company stock worth $2,389,880. 2.21% 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.