26,365 Shares in CoreCivic, Inc. (NYSE:CXW) Acquired by Tandem Financial LLC

Tandem Financial LLC purchased a new position in CoreCivic, Inc. (NYSE:CXW - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 26,365 shares of the real estate investment trust's stock, valued at approximately $573,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its position in CoreCivic by 25.5% during the fourth quarter. GAMMA Investing LLC now owns 4,686 shares of the real estate investment trust's stock worth $102,000 after acquiring an additional 953 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in CoreCivic by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 57,424 shares of the real estate investment trust's stock valued at $745,000 after purchasing an additional 1,401 shares in the last quarter. Exchange Traded Concepts LLC grew its position in CoreCivic by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 57,312 shares of the real estate investment trust's stock valued at $1,246,000 after acquiring an additional 1,450 shares during the period. HighTower Advisors LLC increased its position in shares of CoreCivic by 13.7% during the 3rd quarter. HighTower Advisors LLC now owns 15,549 shares of the real estate investment trust's stock worth $205,000 after purchasing an additional 1,877 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of CoreCivic by 57.3% during the fourth quarter. KBC Group NV now owns 5,477 shares of the real estate investment trust's stock worth $119,000 after buying an additional 1,995 shares in the last quarter. 85.13% of the stock is currently owned by institutional investors.

CoreCivic Stock Performance

NYSE CXW traded up $0.51 on Monday, hitting $18.94. 1,013,261 shares of the stock were exchanged, compared to its average volume of 1,120,885. The company has a market capitalization of $2.09 billion, a PE ratio of 28.32 and a beta of 1.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.51 and a quick ratio of 1.51. The business's fifty day moving average is $21.47 and its 200 day moving average is $17.22. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99.

Analyst Ratings Changes

CXW has been the topic of several research reports. Wedbush raised CoreCivic from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $19.00 to $30.00 in a report on Tuesday, December 10th. Northland Securities boosted their target price on CoreCivic from $17.00 to $32.00 and gave the company an "outperform" rating in a research note on Friday, November 8th.

Insider Activity

In other CoreCivic news, 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 transaction, the executive vice president now directly owns 127,380 shares of the company's stock, valued at $2,825,288.40. This represents a 16.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Emkes sold 16,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $22.70, for a total value of $363,200.00. Following the completion of the sale, the director now owns 149,264 shares of the company's stock, valued at approximately $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. 1.89% of the stock is owned by insiders.

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.