Amalgamated Bank Sells 1,235 Shares of CoreCivic, Inc. (NYSE:CXW)

Amalgamated Bank trimmed its holdings in CoreCivic, Inc. (NYSE:CXW) by 3.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 32,881 shares of the real estate investment trust’s stock after selling 1,235 shares during the period. Amalgamated Bank’s holdings in CoreCivic were worth $416,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CXW. Lee Danner & Bass Inc. purchased a new stake in CoreCivic during the 2nd quarter valued at approximately $6,818,000. SG Americas Securities LLC lifted its stake in CoreCivic by 1,740.4% in the 3rd quarter. SG Americas Securities LLC now owns 295,131 shares of the real estate investment trust’s stock worth $3,733,000 after purchasing an additional 279,095 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of 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 during the last quarter. Marshall Wace LLP grew its position in shares of CoreCivic by 102.2% during the second quarter. Marshall Wace LLP now owns 213,880 shares of the real estate investment trust’s stock valued at $2,776,000 after purchasing an additional 108,079 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in shares of CoreCivic in the second quarter worth about $1,115,000. Hedge funds and other institutional investors own 85.13% of the company’s stock.

Insiders Place Their Bets

In related news, CFO David Garfinkle sold 25,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $13.60, for a total transaction of $340,000.00. Following the sale, the chief financial officer now owns 326,528 shares in the company, valued at approximately $4,440,780.80. This represents a 7.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Cole G. Carter sold 8,000 shares of CoreCivic stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $12.58, for a total transaction of $100,640.00. Following the transaction, the executive vice president now directly owns 207,847 shares of the company’s stock, valued at $2,614,715.26. The trade was a 3.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,000 shares of company stock valued at $2,094,790 over the last ninety days. 1.89% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on CXW. Northland Securities increased their price target on CoreCivic from $17.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Wedbush reaffirmed a “neutral” rating and set a $14.00 price objective on shares of CoreCivic in a report on Friday, September 13th.

CoreCivic Stock Down 0.3 %

Shares of NYSE CXW opened at $21.36 on Friday. 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 12-month low of $10.74 and a 12-month high of $24.99. The firm’s 50-day moving average price is $14.56 and its 200-day moving average price is $14.08. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 31.88 and a beta of 0.86.

About CoreCivic

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.