CoreCivic, Inc. (NYSE:CXW) Shares Bought by Verition Fund Management LLC

Verition Fund Management LLC lifted its position in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 129.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,889 shares of the real estate investment trust's stock after purchasing an additional 26,491 shares during the period. Verition Fund Management LLC's holdings in CoreCivic were worth $593,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new position in CoreCivic in the 2nd quarter worth $6,818,000. SG Americas Securities LLC lifted its stake in shares of CoreCivic by 1,740.4% in the third quarter. SG Americas Securities LLC now owns 295,131 shares of the real estate investment trust's stock worth $3,733,000 after acquiring an additional 279,095 shares in the last quarter. FMR LLC boosted its holdings in CoreCivic by 3.8% in the third quarter. FMR LLC now owns 5,117,716 shares of the real estate investment trust's stock valued at $64,739,000 after purchasing an additional 186,310 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in CoreCivic by 85.8% during 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 purchasing an additional 185,075 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in CoreCivic by 365.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 153,519 shares of the real estate investment trust's stock worth $1,942,000 after purchasing an additional 120,517 shares during the last quarter. 85.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Anthony L. Grande sold 26,000 shares of the company's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total transaction of $576,680.00. Following the completion of the transaction, the executive vice president now owns 127,380 shares in the company, valued at approximately $2,825,288.40. This represents a 16.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Cole G. Carter sold 8,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $12.58, for a total transaction of $100,640.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 110,000 shares of company stock valued at $2,490,520 over the last quarter. Insiders own 2.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CXW. Northland Securities increased 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. Wedbush upgraded shares of CoreCivic from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $19.00 to $30.00 in a research note on Tuesday.

CoreCivic Stock Down 1.9 %

NYSE CXW traded down $0.42 on Wednesday, hitting $21.83. 963,101 shares of the stock traded hands, compared to its average volume of 1,022,074. The company has a market capitalization of $2.41 billion, a P/E ratio of 32.58 and a beta of 1.02. The stock has a 50-day moving average of $17.80 and a 200 day 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. CoreCivic, Inc. has a twelve month low of $10.74 and a twelve month high of $24.99.

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.