Point72 Asset Management L.P. Acquires New Holdings in CoreCivic, Inc. (NYSE:CXW)

Point72 Asset Management L.P. bought a new position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 222,100 shares of the real estate investment trust's stock, valued at approximately $2,810,000. Point72 Asset Management L.P. owned 0.20% of CoreCivic at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. River Road Asset Management LLC boosted its position in CoreCivic by 0.5% during the third 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. Algert Global LLC boosted its holdings in shares of CoreCivic by 348.2% during the 3rd quarter. Algert Global LLC now owns 50,883 shares of the real estate investment trust's stock worth $644,000 after buying an additional 39,530 shares during the period. Nisa Investment Advisors LLC grew its stake in CoreCivic by 85.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust's stock valued at $5,204,000 after buying an additional 185,075 shares during the last quarter. FMR LLC raised its holdings in CoreCivic by 3.8% in 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 acquiring an additional 186,310 shares during the period. Finally, Resolute Capital Asset Partners LLC acquired a new stake in CoreCivic during the second quarter worth approximately $649,000. 85.13% of the stock is currently owned by institutional investors.

CoreCivic Price Performance

Shares of CXW stock traded up $0.74 during trading on Tuesday, hitting $22.67. The company had a trading volume of 1,134,810 shares, compared to its average volume of 1,017,084. The firm has a market capitalization of $2.50 billion, a P/E ratio of 34.72 and a beta of 1.02. CoreCivic, Inc. has a one year low of $10.74 and a one year high of $24.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.51 and a current ratio of 1.51. The stock's 50-day moving average price is $17.42 and its 200 day moving average price is $14.81.

Wall Street Analyst Weigh In

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

Insider Activity

In other 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Anthony L. Grande sold 26,000 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $22.18, for a total value of $576,680.00. Following the sale, the executive vice president now owns 127,380 shares of the company's stock, valued at approximately $2,825,288.40. This represents a 16.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 110,000 shares of company stock worth $2,490,520. 2.21% of the stock is currently 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.