CoreCivic, Inc. (NYSE:CXW) Position Lowered by Gill Capital Partners LLC

Gill Capital Partners LLC reduced its stake in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 49.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,417 shares of the real estate investment trust's stock after selling 11,000 shares during the period. Gill Capital Partners LLC's holdings in CoreCivic were worth $248,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its stake 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 worth $47,000 after acquiring an additional 1,632 shares during the last quarter. nVerses Capital LLC increased its position in CoreCivic by 177.4% during the 3rd quarter. nVerses Capital LLC now owns 8,600 shares of the real estate investment trust's stock worth $109,000 after purchasing an additional 5,500 shares in the last quarter. Chesapeake Capital Corp IL purchased a new position in CoreCivic in the third quarter valued at approximately $139,000. Tidal Investments LLC purchased a new position in CoreCivic in the third quarter valued at approximately $139,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in CoreCivic during the third quarter valued at approximately $144,000. 85.13% of the stock is owned by institutional investors and hedge funds.

CoreCivic Stock Up 1.3 %

NYSE CXW traded up $0.31 on Friday, reaching $23.02. The company had a trading volume of 1,492,880 shares, compared to its average volume of 861,789. The firm has a market capitalization of $2.54 billion, a PE ratio of 34.35 and a beta of 1.01. The firm has a 50-day moving average of $21.89 and a 200-day moving average of $16.50. CoreCivic, Inc. has a 1 year low of $10.74 and a 1 year 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.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CXW. Northland Securities raised their target price on shares of CoreCivic from $17.00 to $32.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Wedbush upgraded 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.

Insider Activity

In other news, EVP Anthony L. Grande sold 26,000 shares of CoreCivic stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total transaction of $576,680.00. Following the sale, the executive vice president now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne L. Mariucci sold 10,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the director now directly owns 101,936 shares of the company's stock, valued at $2,446,464. This represents a 8.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,000 shares of company stock worth $2,389,880. 2.21% of the stock is currently owned by company insiders.

About CoreCivic

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.