CoreCivic, Inc. (NYSE:CXW) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 485.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,737 shares of the real estate investment trust's stock after buying an additional 72,750 shares during the quarter. Intech Investment Management LLC owned 0.08% of CoreCivic worth $1,110,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of CoreCivic in the 2nd quarter valued at $29,000. nVerses Capital LLC acquired a new stake in shares of CoreCivic in the 2nd quarter worth $40,000. GAMMA Investing LLC lifted its stake in shares of CoreCivic by 77.7% in the 3rd 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 acquired a new stake in shares of CoreCivic in the 2nd quarter worth $87,000. Finally, Chesapeake Capital Corp IL acquired a new stake in shares of CoreCivic in the 3rd quarter worth $139,000. 85.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO David Garfinkle sold 50,000 shares of CoreCivic 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 transaction, the chief financial officer now owns 276,528 shares in the company, valued at approximately $6,691,977.60. This trade represents a 15.31 % 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 the SEC website. Also, Director Anne L. Mariucci sold 10,000 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was 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 owns 101,936 shares in the company, valued at approximately $2,446,464. This trade represents a 8.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,000 shares of company stock worth $2,490,520. 2.21% of the stock is owned by company insiders.

Analysts Set New Price Targets

CXW has been the subject of several recent analyst reports. Wedbush reiterated a "neutral" rating and issued a $14.00 price objective on shares of CoreCivic in a research note on Friday, September 13th. 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 report on Friday, November 8th.

CoreCivic Trading Up 2.5 %

Shares of CoreCivic stock traded up $0.55 during trading hours on Thursday, reaching $22.49. 1,672,886 shares of the company's stock were exchanged, compared to its average volume of 1,012,526. CoreCivic, Inc. has a 52-week low of $10.74 and a 52-week high of $24.99. The company has a fifty day moving average of $15.97 and a 200-day moving average of $14.44. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 33.57 and a beta of 0.86.

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.