CoreCivic, Inc. (NYSE:CXW) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI increased its holdings in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 22.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 761,492 shares of the real estate investment trust's stock after purchasing an additional 140,000 shares during the period. National Bank of Canada FI owned 0.69% of CoreCivic worth $9,633,000 as of its most recent SEC filing.

A number of other large investors have also recently 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 worth $108,937,000 after purchasing an additional 40,365 shares during the period. FMR LLC lifted its stake in shares of CoreCivic by 3.8% in the 3rd quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust's stock worth $64,739,000 after acquiring an additional 186,310 shares during the period. State Street Corp lifted its stake in shares of CoreCivic by 0.4% in the 3rd quarter. State Street Corp now owns 4,200,268 shares of the real estate investment trust's stock worth $53,133,000 after acquiring an additional 18,415 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of CoreCivic by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,481,315 shares of the real estate investment trust's stock worth $31,389,000 after acquiring an additional 35,591 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of CoreCivic by 1.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,059,925 shares of the real estate investment trust's stock worth $13,408,000 after acquiring an additional 19,706 shares during the period. Institutional investors and hedge funds own 85.13% of the company's stock.

CoreCivic Price Performance

Shares of CXW traded up $0.16 during trading hours on Thursday, reaching $22.02. The company had a trading volume of 697,353 shares, compared to its average volume of 1,019,679. The firm has a 50 day simple moving average of $17.80 and a 200-day simple moving average of $14.91. 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 company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 32.97 and a beta of 1.02. CoreCivic, Inc. has a 12-month low of $10.74 and a 12-month high of $24.99.

Insider Activity

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 shares were sold at an average price of $12.58, for a total transaction of $100,640.00. Following the completion of the transaction, the executive vice president now directly owns 207,847 shares in the company, valued at approximately $2,614,715.26. This trade represents a 3.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark A. Emkes sold 16,000 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $22.70, for a total transaction of $363,200.00. Following the transaction, the director now owns 149,264 shares of the company's stock, valued at $3,388,292.80. This trade represents a 9.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,000 shares of company stock worth $2,490,520 in the last 90 days. 1.89% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CXW has been the subject of several recent analyst reports. Northland Securities raised their target price 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 raised their target price for the stock from $19.00 to $30.00 in a research note on Tuesday.

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.